Help insure your Baby's Future
with these important
Baby Money Matters

As a new parent there are a few important things you should do. This list of baby money matters should help you take care of some important items:

• Review your health insurance. Make sure your baby is added to the insurance policy.
• If you are employed, check with your company about maternity leave benefits. If there are no paid benefits, try to negotiate unpaid leave, if you can afford it.
• Get a social security number for your baby. You can apply for a number at your local Social Security Office.
• Review your life insurance. Make sure you provide enough insurance to have your baby taken care of. You need to decide on the type of insurance and the amount needed. As a general rule, you don't need baby life insurance. It is better if you and your spouse carry enough insurance.
• Open a savings account for your baby. Check into college savings accounts. An easy way is to start a Coverdale education savings account (ESA). It was formerly known as the Education IRA. Check, if you can open an ESA with your bank. Make sure the set up and maintenance fees are reasonable.
• Everybody should have a will, but less than half of Americans have a will. A will is important, even if you don't have much money or property. You need to designate a guardian for your child. The guardian can be a relative or friend.

It is important to follow this list within 30 days of the baby's birth.

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