In the previous thread,
@The Saint said that CW had life insurance on his kids and then asked, "Who does that?" Answer? Smart people (or, in this case, people planning something). But mostly smart people.
Cost of child loss is something that nobody talks about. But it's definitely something that many of us have faced. $5,000 for the funeral/embalming/etc, $1100 for the casket, $500 for the cemetery fees, etc. Those were the costs quoted to us. We wound up with cremation but it still cost more than $5,000 out of pocket. Then there were the final costs that health insurance didn't cover, including transferring the body to the state ME from our local hospital. All together it cost us, in bills, more than $15,000. And my husband and I didn't get to take a single day off from work because we needed the money.
We didn't have life insurance on our child that died but we do on our 2 living children now. NOBODY plans on their children dying (except maybe CW). We didn't. But things can happen. Accidents. Illnesses. And the costs can, frankly, bury a family. Not everyone gets thousands of dollars in donations afterwards, or even hundreds. If we'd had life insurance then we could have taken time off to grieve and focus on our surviving son. Instead, we were hit with immediate bills we didn't know how to pay and doing badly at jobs we didn't want to be at.
As far as why CW got insurance on the kids? Could be premeditation, could be be what-if scenario planning, or it could just be that his job offered it. The insurance that we have on our kids can be cashed out. When they turn 18 they can withdraw $8,000. We thought that might be a good graduation present.