How Much Life Insurance Should I Get For My Child? 
Before I can answer your question of how much Life Insurance for your child I really need to know what the purpose is . I recently helped a client who wanted to put $ 100 into a life insurance policy per month so it grows cash value plus providing a death benefit . First you need to know some of the `` rules '' we have in the insurance world revolving around children . Insurance companies will need to know how much insurance the parents have first . You see , no one depends on the children so if parents have no insurance , they it will be difficult to convince insurance companies to give a policy on the child . The parents usually need to have about 4x the amount the kids have . Because the cost of insurance is so low on most children , it can be difficult to put a lot of money into a policy without creating a MEC , modified endowment contract . This means that when you take money out of the policy , you will have to deal with taxes . If you are just looking for a burial type policy which you would like to give to your child as a gift when they are older , perhaps when they have a family , you might just start off with a $ 50k or so type of policy . Underwriting is usually minimal in most cases . You can get insurance for your children starting at $ 4 for $ 50k of death benefit , basically the same cost you would pay if you added them to your insurance as a child rider . Contact your broker for more details or contact me . 