Toddler who died in hot car had two life insurance policies

You’ve certainly heard the recent story about the Georgia dad who left his toddler son restrained in a car seat while he went to work, resulting in the boy’s death.

There have been no shortage of sordid details that have come out about 33-year-old Ross Harris since his arrest: Internet searches about leaving a child in a hot car; an expressed desire to once again live a child-free life; sexting multiple women on the day he claims he accidentally left the 22-month-old in the car for seven hours while he went to work at a Home Depot corporate office; strange behavior and comments from Harris’ wife.

And then you have the life insurance policies on the child. While in jail charged with murder and child cruelty, Harris told family members how to collect on two life insurance policies they had taken out on the child with a total death benefit of $27,000, according to search warrants released last Friday.

Life insurance policies for children are rare to begin with and are usually for smaller amounts. While no information on whether the family has attempted to make claims on the policies has been released, the life insurance angle has sparked some interest in the topic of life insurance on children.

The Associated Press published an article that received wide play lately featuring “five things to know about the children’s life insurance market,” including how the policies work, conditions attached to the death benefit, that they can be used as savings devices, they are typically for small death benefits, and they make up a very small percentage (estimated at about 1%) of the market.

Have you ever sold a life insurance policy for a child, and if so, what were the circumstances? Please join the conversation here on a new thread in the Forum.