Whoa! Wow! The mother went to pick up the kid at daycare who was left in a hot car. She said:

[politicaljunkie41910]

70. A "bit" more for whole life insurance???. You pay a "whole lot more" for "whole life insurance"

than just term life insurance. As someone else said, there is no reason to insure children, except to bury them, and that amount should be just enough to bury them. No parent should want to profit from their child's death. Also, you buy insurance for a period of time, usually a ten year policy or twenty year policy, 30 year ect. If you have an infant who doesn't have diabetes but it runs in the family, what is to stop an insurance company for asking for medical records or a physical when you go to renew the policy 20 years later when the child is 20 or 21 years old? In fact why wouldn't they since most policies brought by parents don't extend beyond the time that the child reaches adulthood. My job's group life insurance policy allows me to buy life insurance for my dependents (under 18) along with my policy but only while they were minors and the value of coverage was nominal ($5000) and for a spouse for a maximum of $10,000 regardless of whether they are a dependent, but the spouse value is limited to $10,000; about the amount needed to bury them.

Most life insurance policies, that I am aware of, don't allow you to insure other adults (other than a spouse and then that spouse is usually a party to the policy unless again as in the example I gave above, it's some nominal amounta), unless you have an insurable interest in them, because you don't want to encourage people to have a motive to profit from the deaths of others. The usual acceptance is in a legal "partnership", because a partnership is the one business entity that ceases to exist upon the death of one of the partners. A life insurance on the partnership, allows the surviving partner or partners to buy out the deceased partner's "partnership interest" from their heirs without forcing a dissolution of the partnership's assets upon their death, and usually that policy is purchased by the partnership.