Yes, they are known as Globe Life Young American Plans and they offer a limited amount of whole life insurance protection for children.
A parent or grandparent may purchase child life insurance plans through Globe Life.
These plans may offer up to $20,000 of whole life insurance coverage which means they policy has a death benefit, and builds cash value, from which a loan may be taken in the future.
In addition, when the child reaches adulthood he/she may choose to increase the amount of life insurance provided by the policy.
Learn more about Globe Life Insurance Young American Plan.