Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Gerber Life Insurance?

Anyone have this insurance for their children? What's some thoughts on why to get it? Anyone with children old enough for college...did you use this as an investment for college funds? How did it work for you? What were your experiences?

My boys are 5 and 2. I've got these ads in the mail since my oldest son was born. I can't bring myself to apply for life insurance for my kids because, to me, I just feel morbid about it. I realize it could be a good investment for the future, but what is the difference between using a life insurance policy versus investing?

5 Answers

Relevance
  • 2 decades ago
    Favorite Answer

    i have gerber insurance for my daughter i pay 35 dollers every 3 months.and at age 21 she will get 30,000 dollars.and shes gonna use it for school i make sure of that.

  • ?
    Lv 4
    4 years ago

    i would not purchase existence coverage from any organization till i be attentive to that they are rated AAA. If no longer you're taking an unnecassary threat that the organization would be around whilst a declare is made. Gerber prey's on new mom and father and that they do no longer look to be offering something that a properly rated organization would not grant. View the acquisition of existence coverage an identical way you may in case you have been making an investment in the inventory of a organization. no count if it is not properly rated do no longer purchase it.

  • Bolan
    Lv 6
    2 decades ago

    Most people buy life insurance as a means to replace income lost if something happens to them. Providing money for survivors is important. Life insurance is the most cost effective way to do it.

    Investment is an asset usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it.

  • 2 decades ago

    It's a rip-off. If you're interested in setting up a college fund, go and ask at a couple of banks. You're much better off putting that money aside elsewhere.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    2 decades ago

    I personally use Life insurance for my husband and for me and College prepaid for my sons.

Still have questions? Get your answers by asking now.