Why Would You Buy Life Insurance For A Baby? 
There are a couple reasons parents would buy life insurance on their baby . For one a true whole life insurance policy accumulates cash value which could be used to help out in life events such as college or a wedding . It also guarantees the insurability of the child . For example , one of my co-workers purchased life insurance on his young son who developed diabetes at age 13 . If he had not done so , his son would have a hard time finding a company who would insure him . 