Gerber Grow up Plan...Scam?

iVillage Member
Registered: 08-22-2004
Gerber Grow up Plan...Scam?
5
Wed, 02-16-2005 - 6:49pm
Just wondering if this was a scam or not? Has anyone signed up for it? Any info at all would be apperciated!
Thanks
Jackie

<div><a target=_blank href=http://www.pregnology.com/pregnancy/11/25/2010><img border=0 width=450 height=185 src='http://www.pregnology.com/preggoticker2/777777/000000/My%20pregnancy/11/25/2010.png' alt='Pregnancy%20ticker'></a>

iVillage Member
Registered: 01-12-2005
Wed, 02-16-2005 - 7:35pm
NO scam. My sons 3.5 and has been on it since birth. Its pretty cheap and creditable. I plan to add my daughter to it as well.
iVillage Member
Registered: 05-18-2003
Thu, 02-17-2005 - 10:15am

We also have this policy for my DD and she's 2.5. It's been around awhile. Reliable and cheap insurance. If you purchase while their young the rates are lower than if they were going to purchase life insurance in their 20's. It's a great gift for when their older - we talked grandma into giving it as a gift since she didn't want to buy clothes or toys.

Julie
DD MacKenzie 7/26/02
DD Chelsea 1/24/05

iVillage Member
Registered: 05-30-2003
Thu, 02-17-2005 - 11:54am

Gerber life insurance has been around forever.. no scam.. I have my OWN personal life insurance thru them as well as my daughter. They wont cover my premature daughter yet, said to wait a year and reapply.

Kristen
mommy to Abby 4/00
Lilah 5/03, 30 weeker
Brett 1/29/05

iVillage Member
Registered: 10-06-2003
Sun, 02-20-2005 - 2:09pm

I also looked into it and my MIL adviced against it. She is a financial planner and suggested that we add our children into our policy that we currently have. In the event that something happened to our children, we would need money for funeral costs, but that's it. So we added $10000 for each of our children. The Gerber plan is much more expensive than what we chose. Just my opinion though, research your own options with your life ins. company. And my MIL says, always buy term life insurance.

Jen

iVillage Member
Registered: 12-14-2003
Thu, 03-03-2005 - 2:13pm
My mother was in insurance and said that for what you need it for, heaven for bid, the Gerber plan is fine. I bought a policy for our daughter already. You can cash it in for cash value, so I don't see a problem with it. My owe policy came through Fremont Mutual and was purchased when I was 10. I still have it.