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IS anyone familiar w/gerber Life Insurance?

I'm looking into different plans for my kids...not so much in the fact of "Life"but one that they can borrow on as they turn a certain age...whether it's towards college or car ...that type of thing...I need to start investing in something soon for them as for my own peace of mind....knowing that there is a little extra for them out there...I also talked with Gerber about Life insurance for myself...and geez it does get confusing with all the plans

Public Comments

1. Gerber was known for offering $10,000 policies on babies that cost only $2 a month. Millions of those were sold. YOu can borrow against any life insurance policy except term policies. The coverage goes down accordingly..
2. If you are looking to invest in their future and not insure their lives, then life insurance is NOT what you want. While I absolutely believe life insurance, even on children is very important, from what you state, that is not your goal. Look into Mutual Funds or education savings accounts. If you are set on life Insurance, call your local State Farm agent and look into 15 Pay Life policies - they are completely paid off in 15 years and build cash value, whereas the Gerber policies need to be paid for the rest of their lives.