[liberalh8ter]

I insured my son at birth. Very inexpensive and stayed that way. When he became an adult, he used the cash value to help purchase his first home. So to answer your question, yes, although the reasoning was different.

[nikos1121]

Yes, this is the correct answer...

[HartleyMBaldwin]

How does one cash in an old life insurance policy? My dad took out a policy on me over 60 years ago, and somehow restrained himself from being able to collect on it. Now he’s passed on, and sometimes I wonder if that old policy is worth anything.

[ByteMercenary]

I did something like that at the birth of each of my three sons. I bought a life insurance policy for each of them and also bought some T-bills for each or them. The T-bills were set to mature when they turned 18. That was enough for one of them to get almost entirely thru college (4 yr degree). The other two each had essentially 5 year degrees so they had to hump it for their last year or so but the extra cash gave them a good start.