Insuring Your Kids: Why Rebekah Put Policies on Both Children

If you ask most parents whether they insure their kids, they'll say no. Maybe they have life insurance on themselves, but kids? Why would you need that?

Rebekah thinks about it completely differently.

She and her husband didn't just get themselves set up with whole life policies. They got policies on both of their children. Not as an accident or an add-on. Deliberately.

The Generational Shift

Here's what most financial advice doesn't tell you: if you want your kids to have generational wealth, you can't wait until they're 30 to start building it.

The power of compounding is time. The more time your money has to grow, the bigger the difference at the end. A policy started at birth has 70+ years of compounding. A policy started at 30 has 40 years.

That's not a small difference. Over 70 years at 5% compounding, you're looking at more than 30x the value.

What Rebekah's Kids Inherit

When Rebekah's children turn 18, they won't just inherit money (though they will). They'll inherit: - A funded whole life policy with built-up cash value - The knowledge of how to use it - A direct connection to the banking system they can use for the rest of their lives - Access to capital for college, business, home, or any major life transition

Most kids inherit debt or advice. Rebekah's kids will inherit a system.

The Banker vs. Borrower Mindset

Remember how David and Paul taught Rebekah to think like a banker instead of a borrower? That's something kids learn either way — from their parents' behavior or from their failures.

When Rebekah's kids see their parents using policy loans to finance life instead of begging banks for permission, that teaches a lesson no financial literacy class can match.

And when they inherit a policy with cash value? They can use it the same way. For a house. For a business. For opportunity.

Why This Actually Matters

Insurance companies won't insure someone if they have "insurable interest" — basically, they can't insure someone's life unless the death would cause the policy owner financial harm.

When you're the parent and the child is a minor, you obviously have insurable interest. But there's another reason to get policies on kids early: you lock in their insurability.

If a child develops a health condition later, they might not qualify for life insurance anymore. But if the policy is already in place, it's there forever. The cash value is guaranteed. The death benefit is guaranteed. It can't be taken away.

For Rebekah's family, those policies aren't just about wealth building. They're about giving her kids optionality for the rest of their lives.

The Compounding Story

A policy on a newborn that gets $2,000-5,000 in premium contributions per year for 18 years, then stops, will have significant cash value by age 30. By age 60 it could be life-changing.

By age 80, it's a multi-million dollar asset (depending on the policy design).

Rebekah's kids won't just inherit money. They'll inherit momentum.

Photo by Unsplash

The Point Isn’t Just the Cash Value

Starting early also changes the conversation your children can have with money. Instead of treating insurance as a bill that disappears every month, they can learn that a well-designed policy is a long-term asset with rules, responsibilities, and choices attached to it.

That education matters because the policy does not make decisions for them. They still need to understand premiums, policy loans, repayment, risk, and the difference between guaranteed values and non-guaranteed dividends. The advantage is that they begin learning those lessons before a car purchase, a business opportunity, or a financial emergency forces the issue.

For parents, the strategy is less about predicting exactly what a child will do at age 25 and more about preserving options. A child may use the policy to fund education, launch a business, buy a home, or simply keep capital available while making those decisions. The future stays uncertain; the foundation does not have to be.