Gerber Life, a leading baby life insurance company, offers $5,000, $10,000, $15,000, $25,000, $35,000, and $50,000 whole life policies for children, and you can first apply for you baby when he or she is just 14 days old.
But Do I Really Need Baby Life Insurance?
Some financial experts will argue that the money you invest in baby life insurance can be better spent in a 401k, IRA or another investment plan for your child. While others feel baby life insurance provides a good level of added security. Ultimately, the decision to buy life insurance for your child is up to you. There are definite benefits to many of the programs available, but always read your specific policy carefully before signing.
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