Gerber Life Ins

The purpose of life insurance is typically to make sure the deceased's expenses are taken care of. So, when our baby was born, my husband and I both got term life insurance policies.

My dad bought a policy on me as a child, but it wasn't worth nearly enough to take care of my child in the event of my death. It's likely that if you buy this policy for your child, he will need and have to buy more coverage as an adult anyway.

People buy whole life insurance because they're told it's a good investment. But if you really want to make an investment, set up a 529 plan for your child's education. The return is better, you don't HAVE to put money it in regularly, and there may be tax benefits from it as well.

The other option is to just go start an investment account in your child's name. I'm not sure what the cost of the Gerber insurance is, but the average (meaning usual, you could do worse, or much better) return on an investment is 10%.

2 moms found this helpful

hi, I have Gerber life insurance on both my children (6yrs & 6 mts), and I am very happy. I think it is an excellent program, and can also be used as money for college, when they get to that pont in their lives. I have asked my insurance broker, who is also a family friend, and he also recommended the program. Hope this helps.
J.-mom to Justice and Gwendolyn

1 mom found this helpful

My mother in law signed my daughter and so far I really like it. I recemond it, it is affordable and it helps saves money for thier future. I would sign up for it.

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I don't have the insurance but I have done a lot of reading about financial things and everything I have read says not to get life insurance for your child. It winds up being a waste of money. It may be beneficial when your child is older but there are other types of life insurance policies that you can buy for yourself that will be even more beneficial for your child when he or she is older. I can't remember their names but ehre are tons of sites on the internet with the information.

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I got it because my son can have ALL the money back, or continue his insurance with no raises in price! Seems like a good garuntee! Knowing it is like a savings plan is what made up our minds! Good luck

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Hi S.,

Yes, I finally got my three Boys Gerber Life Insurance, after my third Son was born and I really like it. It is very affordable and a good life insurance to get into and has been around for a long time. I think you should try it, it would be a good investment for your children. Good Luck S...:)

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Financial experts recomend that you buy term life insurance. (I just saw Suze Orman speak this Tuesday, and she mentioned it then also). If I remember correctly, Gerber's is whole life or some type of plan that has a "savings" attached to it. If you read the policy, upon death, you get the life insurance OR the savings, but never both. This is why the experts recommend term. It's cheaper, and you get the value of the policy - which is what you paid for.

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i got it for my son 28 yrs ago. i had some hard times and was late for 3 months and when i tried to cash it is when he went to college they denied it. i know it is affordable but i think its a scam. no one really pays into it for the life time and so they make money off of that. and truly, how much do yo think you are going to get anyway, 10 K isnt very much by the time you child is old enough anyway and the hassles you have to go through arent worth the money. i would go to a reputable insurance agetn if you want to buy insurance for your child. one who has been in business for a long time. that is what i did with my now 17 yrs old. it is a term life insurance and he can cash it in at 21 or continue paying if he wants. i figure the odds of him dying as a child are pretty slim but he ismore prone to dangerous actvities later in life and he should make the decision to pay for it or not

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All 3 of my kids are on it. Really, its so inexpensive. Why not. I sure hope I never need to use it though for a funural though and it turns up to be extra cash later in life for my kids.

1 mom found this helpful

Gerber isn't bad. I got 3 mo free with my sons hospital picture program. We didn't keep it though. My dad sells life insurance and he found us a better program. I haven't heard anything bad about Gerber though.

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I have had it for my twin girls (they will be 4 this month). I think it is a good investment. It is in expensive. Something for the girls to have when they get older.

1 mom found this helpful

I have a Gerber Life Insurance Policy for both of kids. There is no physical that the kids have to take in order to qualify, everyone is accepted. I liked that cause my first child, my son Daymian, was born preemie. He was 14weeks early & they accepted him & I have a policy for him. I really do like the benefits.

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You can do much better for your son and your family for low cost. I am a WFHM (work from home mom). If you're interested in not only insurance but setting up investments for his college fund let me know. Have you heard of UPromise?

1 mom found this helpful

We have Gerber Life Insurance for our 3 year old son. We got for him right after he was born. It is very inexpensive and the coverage is great. I never want to think that it may have to be used, but in the event that it does, it is nice to know he has coverage.

1 mom found this helpful

Hi - I signed up right after my daughter was born when I got information in the mail. Everything I've ever heard is that they are a reputable company that has been around for years. I think I purchased $10,000 worth that will double when she turns 21. Seemed like a great deal to me - I would recommend it!

1 mom found this helpful

Actually S., we did sign up in 2001 for my first born entered the world. we did it maybe a day or two after we was born. Unfortunately, we was not expecting to collect so soon. Our son passed away 6 weeks after his birth from SIDS (Sudden Infant Death Syndrome). We totally forgot about signing up and was having them deduct out of my paychecks. We received a letter of asking for copies of death certificate and other forms. Afterwards they sent the beneficiary information about what plan we originally was under and sent us paperwork asking for signatures. Since both of us, parents were named as beneficiaries we were both sent separate checks. We used the monies for burial expenses. When our daughter was born (a year 5 days and 7 minutes apart from her brother) we placed her on it also because they were doing lots of tests and monitoring beczause of our son's death. We have long switched accidental, life and death insurances since I work for UCDHSC. Theirs has really good package plan for the entire family! Hope this helps with your decision.

1 mom found this helpful

I have gerber life ins for both of my kids, 13 and 2. I like the program very much. It is very affordable and it gives you many options on how to pay. I would reccomend it to you.

A.

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You MUST have life insurance on all of your kids until they have their own full-time employment out of your home. However, I am not familiar with the Gerber product. It would be devastating beyond belief to lose our kids, but we must invest the pennies a day for a life insurance policy in case that horrible tradgedy would hit us. There would be expenses for a funeral, maybe even bills your medical insurance would not pay, etc. Better yet, make it a policy with a cash value policy, so when they graduate from HS or college, the little nest egg is theirs to invest in their first home, first nice car, etc. A rider on your policy is the way to purchase this type of coverage.

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