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Gerber baby life insurance?

If you've used it, or know someone who has, would you recommend it? Why or why not? I already know all about the cost, and benefits etc. I want to know if its as good as it sounds...from someones personal experience!

Public Comments

1. Gerber should stick to making what it's good at: baby food! Hey, I gotta feed myself!
2. If you have a difficult pregnancy then some people open a life account for the child. It is a way of paying for a funeral cost that does not cost a lot at your time of grief . Which is when a funeral parlor will cost the most. I suppose it is like a prevent measure, for the future.
3. We got it for both my girls as soon as they were born. I would recommend it. It's a really good insurance. We got it also for college too. If you are thinking about it, just call and talk to the people, they are really helpful.
4. Gerber Insurance policies for children build cash value, the premiums never increase and you can start the plan with up to $30,000 of coverage for your child. Gerber is rated "A" (Exceelent) by A.M. Best for financial strength. Although it is a very good company and well-known to most American families through Gerber baby food, you may want to compare the cost of this plan with that from another well-respected company - Globe Life. Globe Life and Accident Insurance Company is rated "A+" (Superior) by A.M. Best for financial strength. Globe Life offers their Globe Young American Plan for children. You can get up to $30,000 of coverage at very reasonable rates, and there's no medical exam required. This plan builds cash value, and your child can qualify for life insurance as an adult. To learn more, Go to http://www.term-life-online.com/life-insurance-for-children.html You may find Globe Life's plan to be more affordable while providing a higher-rated life insurance company. I hope that helps! Take care and best of luck!
5. It's not easy to give a recommendation not knowing about your personal situation. However, I can let you know what I personally thought about it. For most people, it sounds like a good deal because it's cheap. Now, if you liked the idea of it creating some savings, I don't think it's a great idea. It's not that I don't like permanent life insurance, it's because of how the money is growing. One thing you must understand is what' cheap in the short term isn't necessarily cheap in the long term. Once you factor inflation and insurance costs, you're barely making anything. Since it is a whole life policy, it is low risk and low return. I've personally purchased "Fixed Index Universal Life" policies for myself and children. These policies are low risk - and have the potential to have higher returns without any loss. With the growing future needs of buying cars and paying for education, I felt that I should start saving early - and save without putting my money at risk. However, it's your situation and needs that you must consider. If you get an online quote, just make sure you ask for a fixed index "universal life" policy that will be able to insure your child. If the cost seems like it is too much, you might be better off getting a term policy and put your savings into a tax advantaged account.
6. I have the Gerber Insurance on both my children and am pretty pleased with it. I mainly did it so they could have the payout for college or a down payment on their first house, etc. And, the rates are reasonable while they are young so you don't break yourself trying to pay the premiums. I agree that maybe you should shop around, but although it is a fairly small amount of money, anything helps when you are 18-20ish and starting your own life. Good luck!