We have it for our kids. We got it when they were babies, and now they're teenagers. I like it because once they have it, they can't be "dropped" from the policy if they develop health problems (not that any of us want this to happen, but, sadly, it does happen...)
Also, they have the option to continue the policy and can increase it if they want when they become an adult - though I can't remember off the top of my head for how long or for how much, but I do remember thinking, last time I reviewed it, that it was a good deal.
As far as if it's "worth it" or not - to me, we don't pay very much, we have it set up to come directly out of our account every month, and it's enough that we could bury our child without going "out of pocket" or in debt for the funeral, if, God forbid, something were to happen to them. (It's something like 10 grand, which is about the cost of a funeral.)
To me, that's worth it.
at 9:45 AM on Jan. 29, 2010