I have to be honest and say that I have never thought of purchasing a children’s life insurance policy for my family. The reason is because I don’t see the immediate need for it. Of course, with all of the uncertainty surrounding life, I can see why it is available. Especially, if a child has a terminal illness. It could help take the burden of funeral costs and such off of the parent’s shoulders.

What is your opinion? Would you purchase something like this for your family?