Why Buy Whole Life Insurance For A Child? 
This was once an extremely popular idea . A child can almost always qualify for life insurance , something that might not be true by occupation , avocation or health in the future . The premium will never be lower . It becomes a gift that a parent can pass to the child later in life that is often worth more than the premiums paid . It provides a death benefit in the event of premature death . Many parents prefer a limited payment whole life policy so that all the premiums are paid prior to gifting the policy to the young adult . 