I’m a single parent. Should I use child support payments to pay life insurance premiums?

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jul 15, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

The child support payments you receive from your child’s other parent should be used to support your child financial needs for a happy, healthy and relatively comfortable life. However, if you are supporting those costs adequately and have a college fund set up for the child, you can consider using child support funds as life insurance premium payments—as long as your child or the child’s future guardian is the beneficiary of that policy. It is important that you choose a life insurance policy with a premium that you can afford even without the child support payments so that if you stop receiving support you can still keep the policy current.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption