Life insurance for children can be a great financial tool that serves as an investment or savings vehicle for the child’s future. Premiums are extremely affordable at a young age. Policies can be set-up for 10 or 20 pay periods, without any additional premiums paid after. And when they are all grown up, the cash value of the policy can be used to help with things life university/college tuition or a down payment for their first home. A Children’s Life Insurance can help give you child or grandchild a head start for tomorrow.