Does Life Insurance For Children Work? 
In what way do you mean ? As a college funding choice , possibly , but it would require significant investment that might be better spent on the parents to insure college . A life insurance policy on a child is a good idea for several reasons . Set up properly it is a financial cornerstone to a sound financial portfolio beginning for a child as they grow into adulthood . Imagine locking in a price that is extremely low and having it gain in value over the years into adulthood . Add the option of guaranteed insurability to the plan and you 've taken away the ability for an insurance company to say `` no '' to your child in the future . That is extremely valuable . Now , let 's look at the sad side of insurance on a child . What if you need it ? As heartbreaking as it would be to lose a child , imagine having to figure out what you can `` afford '' for a service or headstone ? Imagine how much time you 'll need off of work and what your employer would cover salary wise ? For the same reason I purchased insurance as a young single man , long before I went into this business , I did n't want a double or triple whammy for my parents who would already be dealing with my death . Throw lost wages in there and having to find the money to bury me and I 've created devastation in my household . While may God forbid , if you were to lose a child , is n't that enough ? 