Yes, it may be possible for you to purchase a life insurance policy on your newborn baby.
Some life insurance carriers will approve life insurance plans for a baby once the newborn is 15 days old.
Life insurance plans for new babies usually have a very low cost, about $2-3 dollars per month, depending on the amount of life insurance coverage.
In addition, baby life insurance policies may build up cash value inside the policy over time from which a loan may be taken out.
Life insurance plans for young children can help provide funds for final expenses, and guarantee your child has lifetime protection and guaranteed rates. Also, these plans may allow your child to increase the amount of life insurance upon reaching the age of 18 or 21, without having to take a physical.
Learn more about life insurance for your baby.