Why Buy Life Insurance For A Child? 
That is a good question ! There are a number of excellent reasons to buy life insurance for a child ! Life insurance is like buying money at a huge discount ... If you buy the right kind of life insurance from a mutual company . That is whole life insurance . The younger the insured is the less the premium will be assuming the person is in good health . So even if you buy a smaller policy it will have a longer time to accumulate cash value . And that cash value grows tax-FREE ! And may be accessed tax-Free as well when the ` child ' is older . Or if you retain ownership of the policy YOU can access the cash value to pay tuition for their schooling or whatever you decide . The policy could also be used to contribute to the `` child 's '' retirement income when that happens ! I could go on and on , but you should talk with a knowledgeable insurance adviser . 