That depends on the price, financial rating, and coverage provided by the life insurance policy.
Some top carriers offering child life insurance plans include Globe Life, Gerber, and Prudential, among others.
Each life insurance company has their own set of rates for children. Make sure you compare the pricing, and the amount of life insurance coverage available, as well as, the financial strength rating of the insurance company before making a decision.
For example, with Globe Life you pay just $1 to start up to $30,000 of children's life insurance coverage. And, Globe Life is rated "A+" Superior by AM Best for financial strength. They have been insuring American families since 1951 and have more than 3.8 million policyholders.
Learn more about finding the best children's life insurance policy.
Make sure you find out if the rate is guaranteed to remain the same each year, if your child can get additional life insurance in the future, and if the policy provides lifetime protection.