"Buying $25,000 in coverage for a one-year-old would cost less than 50 cents per day, which sounds pretty good until the parent recognizes that the $175 per year would pay for a $100,000 term life policy that would protect the family until the child reaches age 21."
"About the only way the Gerber plan is likely to be a real benefit is if the child somehow becomes uninsurable, developing a condition that makes it hard to get coverage as an adult. The Gerber plan guarantees coverage, but that protection is severely limited and the additional coverage beyond the small minimum comes at “standard rates.” That’s likely to be pricey because insurers typically price bulk coverage as if customers have one foot in the grave."
Another thought occurs to me is that if you really want to buy $10,000 of life insurance for your child or grandchild, a better deal would be to purchase a "paid up" whole life policy, with a one-time premium. This way, the policy is always in force, even after you die, or if your child/grandchild forgets to pay the premium after you die. Again, I am not suggesting that you buy one of these policies, but it sounds like a better deal to me to give a "paid up" policy than one that is only paid for the first few years.