There are several good reasons parents may wish to purchase life insurance on on their children.

Life insurance on your child can provide:

1. Funds to pay for your child's funeral, burial, and related costs.

2. Guaranteed level life insurance rates for life.

3. Guaranteed life insurance as an adult.

4. Cash values that grow over time inside the life insurance policy from which a loan may be taken.

5. The option of additional life insurance added to your child's policy when your child reaches age 18...
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No, you cannot get a life insurance policy on an unborn child.

Most life insurance companies require infants to be at least 15 days old in order to qualify their own life insurance policy.

If you have a child rider (endorsement that provides extra life insurance for your child) on your own life insurance policy, your baby can automatically be added to the rider provided by your coverage. So, your infant would be insured on your own life insurance policy.

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