Why Would Children Need Life Insurance? 
No one likes to think about the death of a child . These days , especially in the United States , infant mortality is much less of an issue than it was generations ago . But things happen . I have had many elder clients who automatically bought a burial policy every time a new grandchild was born . Insurability is also a concern . Many medical conditions develop later in life . These include diabetes , high blood pressure , and cancer . Any one of these could make it impossible or very expensive for the child to buy a policy as an adult . In addition , hobbies such as scuba diving or rock climbing could also make it very expensive . Another consideration is wealth accumulation . If you give a strong whole life or universal life policy a lot of time , it could accumulate a significant amount of cash . A policy issued when the child is age 6 could provide enough money to buy a house or a business at age 56 . That would be quite a gift , would n't you say ? 