Why Buy Life Insurance On A Child? 
Life insurance on a child should never be at the expense of life insurance on the breadwinner . Historically these policies were sold door to door on a weekly premium basis . While parents were concerned about the possible cost of the death of a child they were actually sold as savings plans . My parents gave me my paid up $ 2000 policy when I got married . Today the reason to buy such a policy is even more obscure . A small number of children become uninsurable and a very small number die ; however , this insurance might still help bring peace of mind to a parent . 