Insurance for children can seem odd to some, distasteful even. Children are not breadwinners with income to be replaced so what’s the point? For different reasons entirely: one is to ensure the child’s future insurability. If genetic conditions run in the family or when the time comes that they do need insurance, they may not qualify. Retirement income planning is another reason. Whole life participating insurance creates a future cash value that can supplement other investments. Lastly, intergenerational wealth transfer is a growing reason. Family members can grow future wealth for their children and grandchildren through whole life policies.