There are no parents who do not have their children in mind when it comes to thinking of protect them. From medical expenses to college expenses, parents would like to have everything covered throughout their development, but money is commonly a limiting factor. However, you can protect your children through personal investments that pay for what they are going to need at different age stages.  

Approach Life Insurance

  Despite there are many life insurance plans for children that you can find while shopping around, financial advisors recommend avoiding buying this type of coverage. Life insurance could be a good investment to protect your children not from the approach to insure them but insuring yourself. Your own life insurance policy can produce cash that can be used to invest with your children's education in mind or to pay for other expenses when the right life insurance policy has been taken out.  

Getting Health Care Insurance.

  Carrying health care insurance will be mandatory for all Americans starting in 2014 so that, this is the right moment to think of shopping around for the best health insurance policy that protects your children and the whole family. You can buy individual health care plans for your children, but experts recommend the analysis of the different deals to find the best and avoid paying extra coverage that might not be used. As an example, why you should pay today for pregnancy expenses for your toddler girl?  

A Piggy Bank Alternative 

  Piggy banks are meant to teach your children the importance of saving money, but practicing what one preaches is the best way to help them understand the importance of saving money. This way, start building a savings fund at the same time -- your own piggy bank even if it set as a bank savings account -- and reserve this money exclusively to cover expenses pertaining your children development.  

Using Financial Talents 
  If you have set aside a stash of money to protect your children, consider the opportunity to make it grow by investing in life insurance, stocks, bonds, mutual funds, or real estate. Nonetheless, keep in mind that this is not a game of chance and also not an action that has to be performed without the proper knowledge of what you are doing. Investments always carry a risk factor that you should be able to cope with. So that that said, if you want to protect your children through personal investments this way, get a financial advisor to help you.