Bad advice like that which appears below in the excerpt from the article 15 Insurance Policies You Don’t Need by Lisa Smith on Investopedia is painful for those who truly understand the value, power, flexibility and versatility of cash value life insurance.  The article claims that life insurance on children is not desirable.

BUNK!

Read R. Nelson Nash’s article Jeanette’s Banking System or The Education of Emily Elizabeth and you will understand that cash value life insurance purchased on children and grandchildren can be more powerful and a lot safer than the typical 529 Plan or Coverdale IRA, which are foolish gambles at best.

by Jeffrey Reeves, MA

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8. Life Insurance for Children
Life insurance is designed to provide a safety net for your heirs/dependents. Because children don’t have heirs to worry about and, statistically speaking, most kids will grow up safe and healthy, most parents should not purchase life insurance for their kids. Instead, use the money that you would have spent on life insurance to fund an education plan or an individual retirement account (IRA). (To read more on saving money for your kids, see Investing In Your Child’s Education, Teaching Your Child To Be Financially Savvy and Don’t Forget The Kids: Save For Their Education And Retirement.)

Other items in this article make some sense.  Discussions of cash value life insurance by pundits and feature article writers, however, generally lack in both accuracy and depth of understanding. Read the entire article here…
http://www.investopedia.com/articles/pf/07/cutpolicies.asp?partner=forbes-am&viewed=1