Buying Life Insurance for younger children is a great saving tool for children’s future. Because a child who is 1 year old today has likely 80-90 years of Lifetime ahead of him. Small savings today will grow into very big amounts in 30-40-60 years. Life Insurance for Children is a savings plan in the form of early insurance that can secure your children’s life and benefit their future in many ways. They can enjoy its benefits anytime in their life for various needs like paying for university fees, starting their business, buying their first home, or car. And still being covered for the lifetime of an insurance, even better, the face value of the insurance amount only keeps growing as they age.