Is Child Life Insurance Worth It?

The Gerber Life Insurance Company wants me to buy the Gerber Grow Up Plan for my newborn son. But does my child really need life insurance? I did the research and came to a conclusion. Today, I'm sharing the pros and cons of child life insurance and whether it's worth your time and money.
0:00 - Intro
0:44 - Life Insurance in a Nutshell
2:16 - Arguments For Child Life Insurance
4:55 - Arguments Against Child Life Insurance
9:02 - My Conclusion
10:09 - Question of the Day
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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.

[@eessuccess]

Great job! Thanks!

[@janetyingy]

Congrats on the new child!

[@PracticalPersonalFinance]

Thank you!!! 🙂

[@Tkh21209]

Gerber is generally expensive I just paid 43 bucks for two kids for up to 50K until they are 65 or they call pull out about 22K when they are 18 reducing the death benefit

[@Jiya_beautywithin_]

What’s a guardianship insurance till my child is 18 ? If you don’t mind answering?

[@bestlifenow777]

Best life insurance commercial ever!

[@Mslovely42]

So once my child turns 18 all the money I invested, can she get that to help towards college or something else?

[@renerodriguez9055]

What’s a guardianship insurance till my child is 18 ? If you don’t mind answering? This is a good question that I want to know and also why you make videos where people could comment and you don't answer them that don't mean no sense you have only 17 comments is that like you're busy why make videos if you can't respond to your viewers

[@jacquelinereed5689]

Wow. I’m gonna cancel all 7 policies for my grandchildren and look into the 529 savings plan. Thanks for the heads up

[@LemmyGibbler]

I’d talk with your advisor before doing so. If any of the 7 decide not to go to college it could backfire. They’re great plans but not perfect for everyone! 👍

[@Tkh21209]

College is useless in the future

[@Timber1205]

It all depends on what your goals are.. If your developing a family bank, whole life is the way to go

[@Tkh21209]

Whats the rate of return isnt it bette rjust to put it on S&p 500

[@Timber1205]

@@JoshiHilary The book called The Rockefeller Method breaks it down 😉

[@MaryLopez-bv7ks]

I do not understand how child can use it for college

[@elaniacordova]

By taking out the cash Value

[@davestephen8679]

Its a scam had for grandchild who reached 21. Their thieves Gerber and Erie screwed us

[@randompickle5522]

U probably only had term life instead of whole life

[@RicoliParzzini]

Gerber life is the worst you can get by far