Gerber Life Grow-Up Plan?

Question

Should I do it?

Answer

We have 529 plan (college fund), and a very thorough Trust. If you don’t already have a Trust, that’s what I’d do first to avoid any probate that your child/children would have to pay. Personally I feel like Life insurance for a child is unnecessary, but if you feel like your assets aren’t enough and it could leave a financial burden on your child’s potential guardian, then it could something to consider. We have our trust set up so that our son’s potential guardian (my sister) would get several thousands of dollars every month for expenses until our son is 18, then our son has to go to a 4-year accredited university and earn a degree. After all of that he will finally get access to the rest of our assets once he turns 30.

Answer

I'm doing a college fund with any extra money. Life insurance for children just seems unnecessary.

Answer

I have heard negative reviews on Gerber, however, I cannot speak on it since we do not have it.🤷🏾‍♀️ Our daughter has two life insurance policies, one through a company called Primerica (which is our main) and another through my husband's employer. As for other savings, our daughter has a college savings account, which we started when I was 28 weeks pregnant. A total of $500 is deposited into it monthly. She also has another savings in which a total of $500 is deposited into it monthly as well. Savings, college savings, and life insurance is very important!👌🏾

Answer

We are just in case anything were to happen and we aren’t left wondering how we are going to pay for a funeral and everything. Hopefully we would never have to worry about it but it’s nice to have

Gerber Life Grow-Up Plan?

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