Newborn Policy?

My wife is expecting our first on 15 June. What kind of policy would you recommend for a newborn?

Just looking for $25,000-$50,000. I was thinking of just getting a 10 or 20 pay. But I am open to suggestions.

But in a couple years we will be in the position to start saving for college. So I might want to use a type of policy that I can over fund.

So what are my best options?
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