Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here. Whenever this topic is discussed amongst our community, we always end with very differing views on life insurance for your newborn. These differing views can be placed into these 3 categories: I will get whole life insurance I will get term life insurance I will not get life insurance When comes to financial planning, there aren’t one-size fits all insurance portfolio that one takes on and one would automatically be adequately insured. There. Is. No. Such. Thing. Choosing between Whole life or Term life insurance would be the THIRD STEP in planning to insure your child, so if you have not done step one and two, please do so before considering this! ......