Why Do People Buy Life Insurance For Children? 
The price of life insurance for children is very low , possibly as low as it will cost for that person for the rest of his or her life . So one reason people buy life insurance for their children , is to lock in a low rate for them for the rest of their lives . Another reason is to make sure that they get reasonably priced coverage while they still qualify for it . This can be especially important for families where type 1 diabetes , heart disease , or other genetic conditions may run in the family . Finally , some people buy life insurance for their children because , if the unthinkable would happen , they would not be able to give their child a fitting funeral without it . 