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Do anybody know anything about Gerber Life Insurance for children?

I've heard rumors that they dont pay. Do anybody know anything about Gerber.

Public Comments

1. Life insurance for children is a bad deal. Don't do it. Here's a good read: http://money.cnn.com/2005/09/27/pf/kids_insurance_0510/
2. The Gerber plan is expensive for the coverage they provide. Insurance on children is not as important as insurance on parents but you have to consider where you would get funds for funeral expenses if something happens. There is always the possibility that a child could get a disease or a condition that makes getting life insurance as an adult difficult to obtain or expensive. Talk to a licensed agent in your state. Good Luck
3. I do know that Gerber Life has been offering life insurance for children for many years now. Gerber Life has offered life insurance for children since 1967. They are rated "A" Excellent by A.M. Best for financial strength. However, Globe Life is another company that offers life insurance for children that you may want to consider. Here is some specific information on Globe Life's life insurance for children: Give your child, children or grandchildren a lifetime gift - The Young American Plan. The best time to start life insurance for your child is when they are young and in good health. A serious illness or injury could make insurance very expensive or even unavailable in the future. Just $1 pays the premium for the first month for up to $30,000 of life insurance coverage. The Young American Plan is underwritten by Globe Life and Accident Insurance Company. They are rated "A+" Superior for Financial Strength by A.M. Best. Regardless of your child's future health, occupation, military service or hazardous activities, The Young American Plan will protect your child's ability to be covered by life insurance in the future. Life Insurance for Children Offers: $1 for the first month starts your child's policy today Up to $30,000 of coverage Create a financial foundation for your child's future Qualify for Life Insurance in their adulthood No Risk - 30 Day Money-back Guarantee Since 1964, millions of Parents Have Started Globe Life Insurance Policies for their Children or Grandchildren. I hope that helps! Take care and good luck with finding the right coverage for your child.
4. Gerber is really good at the baby food business!!!! They have done this life insurance thing for a long time, and if they "didn't pay" the insurance commissioners would have stopped them long ago. At the same time I'll suggest that you check around using the many sites available on the net to consider some competitive situations. Surely do not look at the Gerber policy as any kind of a long term life insurance coverage.