How Much Life Insurance Should I Have For My Children? 
As Larry stated , that is up to you , whether you are getting the policy to just cover expenses if the unthinkable would occur , or if you want to pass on a substantial policy onto your child someday . One thing to take into consideration is whether any health conditions run in your family , such as diabetes , heart disease , etc. . If so , it is not a bad idea to get your child a larger policy , locking in their best health rating . It also depends on your financial situation . If you are pinching pennies , you could get one child rider on your own life insurance policy that will cover all your children . When they become adults they have the option to convert that into a permanent policy on themselves , rated Standard , no questions asked . 