How Much Is Life Insurance For A Child? 
Depends on the age of the child . I like to show clients limited pay whole life for children . Meaning it 's not pay premiums for lifetime . 20 pay means that the premiums are payable for 20 years and then the policy is `` paid up '' . 10 Pay is the same except it 's paid up in 10 years . They can keep the policy or surrender it for cash once it 's transferred to the child 's name . I do many $ 25,000 20 pay plans for 1 and 2 year olds . Usually it 's the grand parents buying them . The premium for that is from $ 15 to $ 18/mo . depending on male or female . About twice that is you gow ith 10 pay . I do n't care for child riders but they are better than no coverage . 