Yes the person said people can take out life insurance on their kids and then cash it in to buy the kid their first car years later. I have never heard of this use for life insurance, but considering GBC’s dire financial position, he could not afford to pay life insurance for a kid so she could by a car for herself a decade from now – that would not make any sense.
Considering his keenness to get Allison’s life insurance paid to him as a sole beneficiary, discovering that he has taken out life insurance on his eldest daughter seems very sinister indeed. Perhaps a second tragedy has been averted.