I forgot one of the best reasons to buy a participating-whole-life-insurance policy on a child:
The rates will never ever go up. The rate I pay today, will be the same rate my son pays when he is 65 on this policy. I can tell you the rate a 35 year old pays for a new policy for the amount of insurance I am buying on my son is a whole lot higher than the rate he will be paying when he is 35.
In fact he may he may be able to quit paying the premium long before he is 65 but that is a different topic for a different day.
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