Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering

Why do people take out life insurance on their children? Should I take out a policy on my child?
If the child can take over the life insurance when they wish to get a mortgage or have their own children, there may be a case for buying insurance for the child in the event that your child's health is not good enough for them to get cover at that time. However I don’t think this type of insurance is worth having.