Whole life insurance for newborn

Have a 3 month old and looking at whole life insurance as part of the "financial plan". Is this a good idea? Thinking 50k or 100k depending on premium.

Have already set up the self directed resp with xeqt and funded the 2* 2500 (2024 & 2025).

Also have a RBC kids savings account

In addition to whole life is there any other must do's to set her up for success