I've been asked by another Dad I met my thoughts on insuring your children. He mentioned his advisor told him not to do so as they earned no income. True, but is that all the reason there is.
I shared my view that if you could, then you should and the reasons why I thought so which I will share a little later.
I've heard the argument from a family member that it is just wrong to "profit" from your child's death. I had an issue with child insurance being viewed that way and shared my thoughts.