Why Should I Buy Life Insurance on a Newborn Baby?

There are a couple of good reasons. First, the cost of life insurance is a set price for whole life insurance. That means that if you purchase a life insurance policy for let us say, $5 a month for your child, they will still be paying $5 a month when they are 25 years of age.

The price for your child's whole life insurance plan never changes, despite whatever health issues arise in the future.

The other reason is that it is unfortunate but true that some children die. And their funerals can be expensive. If it would be a financial hardship for you to be able to pay for the cost to bury your child, then that $5 a month is a really good hedge.

Also, if there is a health issue that surfaces later in your child's life that could impact significantly your child's health throughout their life, then getting the affordable life insurance coverage before the issue arises may be a true benefit for your child's future. You may get as much as $30,000 of life insurance coverage for around $5 per month which is a great gift of life to provide to your children when they become adults and start their own families.

Here's how to learn more about getting life insurance for your newborn child.