All Life Insurance Tips

what exactly are the benefits for the gerber life insurance?

Public Comments

1. if your baby dies you get money
2. Gerber rakes in huge profits on this. And on your side, in the minisculely small chance that your child dies, they'll pay some of the funeral and burial costs.
3. Life insurance with cash value don't pay out cash value when you die! They say its a good way to build savings! How is that so if you lose it all and it doesn't go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams!
4. You get paid if your baby dies. However, very few children die. If you buy whole life insurance, some of your premium gets saved up and can be cashed out later. The insurance is very expensive for the little you get. Most experts recommend you don't buy insurance on your children. Don't take my word for it; read the links below.
5. Most "advisers" will say not to insure children because they don't earn an income. However, if you had a child die, you would likely want a funeral and cemetery items, and you would likely want to take some extended time away from work to grieve. I would recommend an inexpensive term policy for around $50,000. I would not get a Gerber Plan.