Why Buy Whole Life Insurance For A Child? 
Why buy whole life for a child ? Well I guess I can tell you why I bought whole life for my kids . In no particular order or rank , I bought whole life because that is the cheapest if will ever be , those policies will become cornerstones of their financial lives . Much like buying a piece of property they now have something to build on . They have future guaranteed insurability with these policies as well What that means is they ca n't be told `` no '' by the insurance company , even if they are no longer insurable . Sort of like a stock option . And finally for this post if either of my kids were to die before me I would be devastated . I would be crushed as I have great kids . So insurance on them would help me get through their passing by paying bills that still need to be paid . I am planning for their future living with these policies and accepting the aspect of the possibility of their early passing and the help they would provide . I could never imagine having an argument with a spouse over what headstone to buy . Whole life on a child is an investment in their future , not just their death . 