Is Life Insurance For Children A Good Idea? 
Life insurance is a good idea for children in the respect that the policy will ensure that they are insurable into their adulthood . Here is an example : A child is added to a $ 20,000 term rider on their parents life insurance policy , along with all their other siblings , all for one low price . The child is found to have a congenital heart condition , corrected by surgery , but the diagnosis follows them . At age 21 , the now young adult is able to convert their $ 20,000 to $ 100,000 of permanent life insurance rated Standard . 