Check out this blog by Erie Insurance...
With every year the goes by, more and more grandparents are raising their grandchildren.
With grandparents taking lead on rearing responsibilities, life insurance has become very important.
As a grandparent, if you already have life insurance it may be vital to review your policy. Is it set up with consideration for your grandchildren? Be sure to consider how much coverage you own, and who the beneficiaries are.
If you do not yet have life insurance, it’s not too late. Life insurance can still be affordable, especially term life insurance. It all depends on your age, the product, coverage amount, and the underwriting. Life insurance can be easily customized for your specific needs.