Why Do Children Need Life Insurance? 
The best reason I see for children having life insurance is so they are insurable for the rest of their lives . Even being covered by their parents ' child rider enables them to obtain -LRB- in most situations -RRB- five times the amount of the life insurance on the rider , at the Standard rating class , when the become adults , no matter their health at that time . If you have type 1 diabetes or congenital conditions that run in your family , getting life insurance on your children before/in case any of these show up can be a real blessing . 