IRA: Gerber
9 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...
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 ...
Gerber Life Insurance
Asked by T.J. from Seattle
on June 15, 2010
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My stepmom has offered to pay for life insurance for my two daughters. When she sent me the paperwork to sign she listed herself as the beneficiary! Is that weird that...
Answers
- Totally weird. That's going to be a hard one to approach, but maybe you can talk to her about these things?
- We have gerber life insurance for our children. Just a heads up here the policy is pretty much just enough to pay for a funeral. Have you discussed this with her? ...
- Generally speaking, it's not a great idea to insure a liability. You should only insure assets (house, car, people who earn an income or take care of the kids). As odd...
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
Asked by L.M. from Barnstable
on June 8, 2008
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Can anyone recommend who they use or life insurance?
It is on my list of things to do this week and was looking some feedback.
Do you term or whole?
Thanks for your...
Answers
- Level term life insurance is what you need as others have said. We have 30 year from sbli. I don't think it is necessary to get whole when you are older (someone said ...
- Hi L., I actually work in the insurance field(we sell all companies and types of insurance) and we use AM Best ratings system to find what companies would work best fo...
- Hi L. and everyone else, My husband & I picked up a term policy from Primerica. The company is locally owned as a franchise and I like that. Erick Arndt came to our h...
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...
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...
Need Ideas for a Memorable First Birthday Gift
Asked by L.T. from Los Angeles
on July 24, 2008
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I'm a first-time Grandma and want to get a really perfect gift for my Grandson who will be one in September. Thought I'd see what other families received that made a ...
Answers
- Hi, I think to get your little Angel started in life, how about a savings bond!! Something my mother-in-law gave both my kids, every birthday and now they can use i...
- Hi L., My name is D. and I am the owner of Mama Of Two Angels. Congratulations on becoming a first time Grandma. I am not sure if you would like to make a special ...
- personally we loved "keepsake" items. There is a place at the Kanan exit called The engraved letter that has baby spoons, cups, etc and engraves. It sill be so very ...
