Does Life Insurance Work Kids? 
It 's very smart to take out life insurance on your kids and grandkids . They are very inexpensive to insure . With a good whole-life policy you can pay it in full for them within 10 or 20-years and give it to them as a financial gift later in life . You can also guarantee that they have insurance so that if they get an uninsurable condition later , they are already covered . Good policies even give them guaranteed purchase options later in life . When you buy your children 's life insurance do n't just think about funeral and burial costs but also the time you will want to take off of work in the event of the death of a child . 