What's the problem with that? You have an NHS-like system for the sick, and you pay basic income for kids, too. (Perhaps at half the adult rate for people under 18?)
But if that's not going to be the case, if 'universal' is going to be a lie, then I'm opposed to the whole concept. Our society has too much bullshit ageism as it stands. The current social welfare system, flawed as it is, is better than bringing in more.