Alternatively, you can always get a smaller universal or whole life policy and add a supplemental term life rider to maximize your death benefit, but also begin growing your cash value. (insuranceandestates.com)
In addition to this, most child term life riders will begin once the child reaches 15 days old. (termlife2go.com)
However, there are both advantages and disadvantages to this particular term life rider. (compuquotes.com)