Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: May 13, 2021

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The Brief

  • You can purchase life insurance for newborns
  • Most policies designed for children are whole life policies
  • Children’s whole life policies provide coverage for a fraction of the cost of adult policies

Are you the proud parent of a newborn and want to secure their financial future? Life insurance for newborns can be an affordable way to ensure that your child has whole life insurance coverage for pennies a day.

Keep reading to learn more about what life insurance options are available for newborns and children.

Do you want to start comparing life insurance for newborns right away? Enter your ZIP code above, and we will help you find rates that fit your budget.

Do life insurance companies offer life insurance for newborns?

Yes, and while there is no one life insurance company for newborns, there are policies designed specifically for children and newborns. These are called whole life child policies.

Not every life insurance provider will offer a baby life insurance policy. However, many reputable companies do, like Gerber Life and Mutual of Omaha, and many others. To learn more, read our Liberty Mutual life insurance review.

Even AARP offers a child’s policy that grandparents can purchase on behalf of their grandchildren.

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Who offers the most affordable life insurance for newborns?

Many companies provide life insurance quotes for newborns, so we will look at two of the most popular below.

Gerber Life and Mutual of Omaha both have very affordable life insurance rates for newborns and offer comparable coverage and plans.

Both companies provide whole life insurance that builds cash value and maintains its premiums throughout the child’s life.

Gerber Life vs. Mutual of Omaha Children's Whole Life Insurance Average Monthly Rates
CoverageGerber Life Average Monthly RatesMutual of Omaha Average Monthly Rates
$5,000$3.27$2.80
$10,000$6.53$4.61
$15,000$9.80$6.41
$25,000$15.70$10.02
$35,000$21.98$13.63
$50,000$31.40$19.04
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As you can see, Mutual of Omaha offers more affordable coverage overall.

However, it is still worth your time to get a quote from both life insurance companies to ensure that your unique circumstances are being taken into account.

Does my child need life insurance?

There are many benefits for your child if you buy life insurance for newborns, both if they are very healthy or if they have a health decline.

According to the National Institute of Health, 45% of Americans suffer from a chronic illness. If your child suffers from poor health or is later diagnosed with a chronic illness, purchasing their own policy may be difficult.

The premiums for high-risk life insurance policies can be almost unaffordable for many.

By purchasing a policy for your child in their early years, you ensure your child has coverage no matter how their health changes in the future.

In addition, when you purchase a newborn or child life insurance policy, the majority of companies will offer a very discounted monthly premium.

This means that your child can be paying less than $10 per month for the rest of their life regardless of their health and age.

Conversely, if your child is perfectly healthy, you could still save them thousands of dollars over their lifetime because of this fact.

No matter how you look at it, purchasing life insurance for babies is a great way to ensure they have coverage for the rest of their life.

Are you ready to start comparing quotes for life insurance for newborns? Enter your ZIP code below, and we will help you find a company and policy that is right for your family.