You totally missed the flaw in the Gerber plan. lose income NOT loose income buried NOT barried burial NOT barrieal bury NOT barrie If you are getting income from your child there are laws to protect your child from you. Rachel needs to set aside a little money for a dictionary.
#Gerber baby life insurance grow up plan plus#
Plus if they want to cash it out they can and use that money to get a car, downpayment on a car or college. is they don't pay the high amount adults do if they start when the get it started when they are grown up. Next at 21yrs old the child has an option to get all the money back you have put in cash or continue to pay the monthly payments and continue the coverage. I don't want to profit from my child's death but I would like to give them a funeral that shows how much they mean to me.įirst off i see good reason to have insurance on children when a person dies not only do you loose income from them you also have to pay out to get them barried right and you want it to be a good barrieal and children if they die have to be barried too and how would someone feel if they had to pay to barrie a child 10yrs later nothing like a reminder of a payment. The people who are saying this plan makes no sense are absolutely wrong and apparently are financially secure enough not to worry about funeral costs.
It is a constant reminder of a tragedy.I have purchased this plan for all my grandchildren just so my children never have to go through what I did.I pray no person has to bury a child. It is horrible to have to face paying for a funeral over a long period of time. My husband and I were struggling financially. Obviously none of these people have lost a child. The idea of "locking in low rates" is a farce - why would you pay for something for a LONG time (from birth until your child has dependents of their own) just to get a discount 20 or 25 years from now? Save the money and you'll almost certainly come out ahead. Why would you insure a baby, who has no income and no dependents? If you get money if your baby dies, it won't bring your baby back. The reason we buy life insurance is to ensure that our dependents can be taken care of financially if we die.
Life insurance for children makes no sense. We don't need that too!!!! It's not beneficial nor is it an investment!!! Never once when I spoke to them or in any of there documents that they sent to me does it specify the real rules behind it, only when I read this comment board & called them & confronted them about it is when I was told!!!! I cancelled it immediately, if I knew that's what it was I would of never did it, we already have insurance coverage. Otherwise there is nothing there, He doesn't get anything!!! & you can't use it for anyhing else, even if they get sick, that's not what it's for!! it's no good!!! so it really isn't for "your child" it's for there profit apparently & god forbid your tragedy.(Which in our case we have other "family insurance" so again it is useless. That he doesn't get anything!! we get the insurance money only if he dies. Me & my husband decided to do it for our son, thinking that we would be putting away money for him(almost like a savings account with interest) that he could have access to when he's 21(that's what they make you think) but I come to find out it's nothing like that at all. Should that small child become a diabetic, for instance, later in life, they would not be able to get insurance. However, Gerber is only offering our children what they offer us as adults. Why not insure our children, or grandchildren, as we would ourselves? No one likes to think about dying.
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