What Is Juvenile Whole Life Insurance? 
When a whole life policy is purchased on a minor , it is called juvenile whole life . New York Life actually has a Family Policy which covers both parents and includes juveniles for free . You can also purchase an individual policy and add a juvenile to it as a Rider . The method I suggest is purchasing a whole life policy for a juvenile of their own . The cost is incredibly low , and it not only guarantees insurance , but insurability for a child that may develop any of numerous illnesses , as they get older or even as a child . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you . 