Is Life Insurance Good For Kids? 
Picture this : You are a newborn , just a few weeks old . Your parents love you dearly and want everything in the world for you . They especially want you to be strong financially . They think ahead and realize that life insurance is going to be key to your financial future . So they take out a policy . On you . With one of them as the owner and beneficiary . Its a good-size policy , from a good strong company , that provides solid guarantees . Its designed to last your lifetime . They just keep paying the premium and let it ride . The guaranteed cash values grow , the non-guaranteed cash values grow , and the survivor benefit increases . Just let it ride . When you become an adult , they gift it over to you . Of course , their attorney advises on how to handle the transaction . So now , you know what ? You are walking into adulthood with a life insurance policy already in place . The cost is fantastically low because it was issued when you were just a little kid . And it has a lot of other perks as well . When you buy a home and want to cover the mortgage , you will need life insurance . Good news ! You already have it . If you start a business and need a bank loan , the lender will want you to have a policy in place . Good news ! You already have it . Here are some other perks : You may take a job that requires foreign travel . That might make a new policy pricey . Or you might take up mountain climbing as a hobby . That might make a new policy pricey . Or you might unfortunately come down with a chronic medical condition . That might make a new policy pricey . Well , you wont need new coverage because - Good news ! You already have it . And what if you have an emergency expense and need access to cash quickly ? You have it in your policy . What if you want to start a new business and need starting capital ? You have it in your policy . Maybe you need a source of funds to supplement your retirement income ? You have it in your policy . Yes , I think life insurance is good for kids , because kids become adults . 