That extra life insurance for my children only costs me about a buck twenty each month, but what it saves me in worry is worth it. The last thing I want to be doing if one of my children dies is counting pennies. Six years ago when I signed up for the life insurance, I would have agreed that children never need it. I couldn't even tell you why I signed up for it. But now, that false reality has been shattered and the cold harsh truth has entered my life.
Children do die.
In our case, obviously, buying life insurance would have been prudent. But I didn't ever think it was a necessity. We don't have it on the other two kids. That's a gamble, but so's life. Medical insurance, that's a necessity.