Why Would I Need Life Insurance For My Kids? 
Several reasons , some pretty straight forward and some you may not have given thought to . First is the misfortune of losing a child . What will you do ? Will you need time ? Will you need money to purchase the things you and your spouse want to for the child ? Can you turn to your spouse and say `` No , we ca n't aford that headstone , let 's get something cheaper . '' ? While it is easy to have an answer when not faced with the situation . It 's another thing to live through losing a child . Now for the positive . Locking permanent life insurance in for a child gives them the best price at the lowest cost when they are in the best health . The opportunity to build cash values over a long period of time is pretty good . The other thing you can do with a child 's policy is buy future insurability options where your child can increase their insurance later in life without medical underwriting at the same class . What these future options do is `` take away '' an insurance company 's ability to say `` no '' to your child later in life when maybe their health is not so good . This feature alone is more valuable than most imagine . I have insurance on my kids , never thought of a good honest reason not to provide it for them . It covered them while they grew and gives them a headstart as adults . It 's a positive thing to do . 