Why Buy Whole Life Insurance For A Child? 
Buying Whole Life Insurance for a child is first , for the obvious , to provide a death benefit in case of death . You may think this is not necessary , however from my personal experience with losing a child of 17 years , a small death benefit was great to off set the loss of income during our grieving . The second , is many parents or grandparents like to provide a `` gift of Life '' to the kids using Whole Life Insurance since it does grow cash value which can be used in the future for several expenses such as college education , helping to purchase a first home , etc. . If you have a specific question for your child or grandchild , do not hesitate to ask . There are many ways to design a plan to meet your families needs . 