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Does anyone have insurance through Gerber Life Insurance?

I read over the papers and it says that my child would have a 15k insurance policy or when she turns 21 she can cash it out for 30k. Does anyone have any experience with them and know if this is legit??

Public Comments

1. No...you read it wrong. They can't cash out for $30k. Their $15,000 policy turns into a $30,000 policy. The only way someone would get $30,000 is if they died at age 21 (or greater). The simple math....there's 252 months between 0 and age 21. Even at $10/month that's only $2520 and that's not going to turn into $30,000....although $100/month probably would. So, it's legit, but the death benefit...not cash value...goes to $30k.
2. Gerber Life is a terrible deal. If you want insurance on your child, buy it from a reputable insurer.
3. Insurance is not a savings program and children don't need life insurance they have no one depending upon their income. Pass it's not a good deal. The only reason to have any insurance is to cover what you can not afford to lose.