Children are Special... Especially when it comes to Life Insurance. Children are expected to be on the planet for a long time (0-100+ years, according to the new Mortality Tables.), so their life insurance rates are less expensive than an adult or even a teen! Once a child passes the age of 14, they fall into a different pricing category. It's logical. When is the last time you had one of your teenagers plop on your lap and tell you they love you?

Life becomes more dangerous for teens after the milestone year. They are no longer considered cute and cuddly by the insurance industry, and subsequently cost a few pennies more to insure than your toddler. (But teens still get a better rate than you or I.)

But to make a short story long, I give you a sample illustration of the power of youth: "The Merry Child Story"

This is Merry Child. She is only 2 years old. Her parents want her to have a great life when they are no longer around to take care of her. (The Childs plan to move to Venezuela when they retire.) They have opted to insure their precious little bundle of joy for $500,000.50 (the 50