Children's life insurance is a tool many families use to give their children a financial foundation that they can draw upon when they are older.

The lowest cost life insurance you can buy is the one you qualify for right now:Rates rise with age. It comes as no surprise, then, that rates for a child—as young as two weeks old—is the least expensive insurance you can buy. The low rates make whole life insurance affordable for almost everyone. Because whole life premiums are locked in at the beginning, they will never increase with the child's age—regardless of whatever health issues may arise.