Financial Planner: Gerber
Results 1-10 from 12 articles
Gerber Insurance That Great?
Asked by N.V. from New York
on November 20, 2008
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my daughter is almost 9 months old and i was looking at the gerber things you get in the mail about life insurance for you and your partner and then the life insurance...
Answers
- Hi N., Our financial advisor (who is also my uncle) told us that you should NOT put any money into life insurance for your child. The purpose of life insurance is t...
- N., This is basically a whole life insurance policy for a baby, which is a complete waste of money (ask any honest financial planner and they'll tell you the same)....
- I agree with Lori...My mom took out the Gerber plan for my son. The $10k plan. My husband and I have our life insurance through AIG. good prices on our plans and we to...
Gerber Life Insurance?
Asked by P.B. from Grand Junction
on December 30, 2010
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I got this peice of mail the other day and it was for Gerber life insurance. No idea what that is? I called and asked how things work with that but I am not, in my com...
Answers
- I think Gerber Life Insurance is a great investment. It has been around for years, my parents had one on me. It is cheap and once they are 21 they can cash in on the ...
- Toss it. It's a scam. Not wise financially. Open a savings account or a 529 plan for each of your kids. It's a scam because what it's worth when you die is way m...
- My Grandmother has a policy for every Grandchild and Great Grandchild. I think it goes like this...You choose the amount you want for coverage and if (knock on wood) y...
Saving for Your Toddler's College Fund! 529, Gerber Life, Etc???
Asked by J.A. from St. Louis
on February 11, 2011
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Any suggestions on what you and your family are doing?
While my parent's paid for about 60% of my college career, they hardly saved at all and left both myself and...
Answers
- Hm, no savings for kids. We own properties (one paid off) and plan on buying more as years pass. Come college time, if kids don't get scholarships then we sell a prope...
- Missouri's MOST plan is one of the top five best plans in the US. Not sure why you would look anywhere else. Oh Lola, we thought the same thing about private sch...
- Honestly your financial planner is right. There are many ways to finance a college education. You can't borrow your own retirement. While "maxing out" your retirement ...
Saving for Education
Asked by A.W. from San Francisco
on April 4, 2008
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I am wanting to open up an education account for my 7mos old and wondering if 529 is really the best way to go. I also want something that is a liquid asset so I plan ...
Answers
- A 529 plan is a real blessing, but it is meant for college or post secondary education only. This is the way it works...you put in money and it grows tax free. You c...
- Hi A., Our accountant set up 529 accounts for our kids. We contributed for one year. They continue to perform quite well. However... There will always be someone (...
- The great thing about the 529 is that you can use it for anything education related, not just college. If you decide your kid should go to a private school, you can wi...
Life Insurance Drama
Asked by M.L. from Indianapolis
on April 22, 2008
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Hello fellow mammas! I am the mother of a beautiful 20 mo. old daughter and have been "fighting" with my hubby to get more life insurance. When we got married we got...
Answers
- My husband also didn't believe in life insurance. He said buying it was betting that you were going to die. My husband developed cancer at age 46 and died at age 48....
- I also have worked in the insurance business. Tell your husband that if he should suddenly die that you and your daughter could loose your house and everything you own...
- M., As a life insurance agent, I may have a bias opinion. But you need to speak to someone like myself who has some way of putting you and your husband through a prog...
Life Insurance
Asked by K.L. from Seattle
on March 6, 2009
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Hello Mommys!
I need some advice on getting life insurance. I have life insurance through work, but its not very much. I am 30 years old and I'm wondering if its i...
Answers
- Hi K.. Find a good independent insurance agent who can explain all of your options to you. Whole life insurance is more expensive than term life insurance. It may no...
- GOOD question K.- and NO you don't have to purchase term insurance ( that's the kind that only covers for a certain period of time) - you can purchase the other kind -...
- I personally dumped my life insurance at work, for my daughter anyway.It just wasn't really worth the money and we can't afford the extra expense when I only work part...
Life Insurance for Your Kids?
Asked by S.A. from Washington DC
on March 17, 2011
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So what is your opinion on life insurance for your kids? Should you have it or not?
Answers
- I have it for my son. Shortly after he was born, my husband and I got life insurance for the whole family. Its doesn't cost much and now we have it, heaven forbid we e...
- No, we feel like life insurance, especially the whole life ones, are a gimmick. We don't carry life insurance on ourselves. However, if we weren't in the position ...
- We have a rider on my husbands policy for our children for 20K. God forbid anything should ever happen, at least we have a small amount of coverage to help with any e...
Anyone Have Advice on Saving for Children's College? 529 Plans?
Asked by R.L. from Dallas
on July 7, 2007
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Looking for information on saving for children's college. Family gives money for kids birthdays and Christmas and I want to start something just not sure where to beg...
Answers
- I've been out of town and haven't read my daily mama source emails...sorry. We've been looking into college savings plans a lot lately and my brother was able to h...
- These are all good suggestions. R., I'd be interested in learning what you and yours decided on. We just had our son in December. I feel it is never to ear...
- The tax rules are changing dramatically for UGMA's with the 2008 tax year and they no longer hold the benefit they once held. Because they provided such a great loopho...
Life Insurance
Asked by N.K. from New York
on October 5, 2009
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Can anyone tell me about Life Insurance? I'm 8 months pregnant and I would love to get this in place before my baby is born. I know my husband has some coverage thro...
Answers
- Hi N.. I agree with most of the responses. Term insurance is the best. I'm a life insurance agent & I specialized in educating people about life insurance by doing an ...
- Hi N., I would make sure that your SPOUSE not your child is your beneficiary. If your child is beneficiary, someone will be appointed to oversee their money, and it m...
- My husband went in and purchased term life insurance for 25 years when I was pregnant with my second child. The agent will talk with you to figure out how much you/hus...
Affording to Stay at Home
Asked by B.B. from Jacksonville
on August 6, 2007
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We are financially struggling with two children under the age of 27 mths. I am currently working because my husband doesn't support me staying at home. Close to 60% of...
Answers
- Hi B.! I can make a couple of suggestions that really work for me. First, if you have ANY credit card debt at all, get rid of it as quickly as possible. If you ca...
- In reference to the coupon using advice. A lot of coupons are for the more expensive brands, and you'd be better off just buying the generic sometimes. Some things are...
- I agree with a lot of what has been said so far. I would just like to add an additional godly perspective for you. When I gave birth to my son, I didn't have a choi...
