Why Does My Child Need Life Insurance? 
I agree with Tim that one can not really say a child `` needs '' life insurance . But when they are adults , they may need life insurance to cover financial obligations , and be unable to get it because of a health condition . Getting life insurance while they are young and healthy ensures that they will have a policy when it is needed . Even just adding a small child rider to your policy will enable them to have 5 times that amount when they become an adult . 