as any one here dealt with geber life insurance before?

what can say about?

I have looked into it but I also decide to set up there own accounts in a savings. Its just that if they need it wouldn't it be better that you or your child decide what it goes into?
For example Crystal my 9 year old just got type 1 diabeties in nov. and I'm glad we had the extra money in her account. We had to get alot of stuff the insurance didn't provide us. And we would be so screwed if we didn't. Also I want them to have money when they grow up for college or ??? Also if something really reallly bad happens like death then you can grab the money right then you don't have to wait for when they give it to you. Which takes time and you needed it 2 months ago.
You know what I mean?!

I considered getting that, but after contacting my financial advisor, he told me not to bother. Parents often neglect their own needs, and you really should set up your own retirement fund before tackling your child's funds. If you're worried about college, there are many scholarships and financial aids available, both privately and through the state. I had no funding for college but was able to attend for 4 years at about $37,000 a year because of scholarships and fin. aid. It's important to think of you and your partner first, in this case.

If you do want to set up something that will be worth more than a savings account, I strongly suggest a low risk mutual fund. They usually double or come close to doubling every 5 years. I have several funds for myself which I began before college. I simply asked my advisor to put the money in, then promptly forgot about it. When they mail me my statements, I usually notice an increase, and after having it for 6 years, they have indeed doubled their value already. It's very easy and not time consuming at all.

I looked into it and it's not that great.. you will benefit more by just having a personal savings account with your bank. There is a yearly maximum and the interest pay is next to nothing.. so in my opinion, it's not worth doing it. There are too many stipulations on whether or not your child gets his money when it comes time and if something happens.. and to me, his money is HIS money.. and I don't want someone else deciding whether or not he gets it if he is fully entitled to it. We have life insurance set up in a trust.. a trust is a good option because if something happens to you, your child will get your money right away instead of having to go through a long litigation process. See a financial advisor about setting up trust accounts.
Best Wishes!

Any financial advisor will tell you that life insurance for a baby is pretty rediculous. Put the money in a retirement fund or personal savings instead.

Gerber is a good company. They have a good financial strength rating and have millions of policyholders.

Another good option for life insurance for your child is Globe young adult plan that offers children life insurance protection up to $30,000.

Although some people do not like children policies, there may be some benefits for your child, including:

1. Guaranteed insurability in the future.
2. Coverage cannot be canceled due to health or future military service.
3. Your child may be guaranteed additional coverage when they become an adult.
4. Your child may be able to take a loan out from the cash value that builds up in the policy.

I hope that helps. Best of luck to you and your family.

You need to remember that life insurance is not an investment and should not be compared to putting the same amount of money in mutual funds, etc. What is does for a child is:

1. Protect insurability
2. Guarantee coverage for the rest of their life
3. Protect parents against an unexpected death
4. Provide a building block for other life insurance as they get older

I feel the best feature is protecting someone's insurability. Consider buying a policy from a mutual life company like State Farm, New York Life, or Northwestern Mutual.

Another good option for life insurance for your child is Globe young adult plan that offers children life insurance protection up to $45,000.