Extremely emotional debate - I think this is the one subject where I have actually received hate mail when I gave my opinion. Purely from a financial perspective (disregarding the emotional issues), a loss of a child will actually relieve you of a costly financial commitment. Again, speaking purely financially, it cost less if you don't have a child than if you have one.
Life insurance is meant to replace an income that is lost when one dies, and a child rarely has an income. Unless your child is the main source of income for your family and you have means to cover the costs of a child's funeral, then from a financial perspective there is no need to have life insurance for him or her.
I'll leave it at that and see if my email fills with hate mail again
