I just got a terrible feeling in my belly when I realized I have not signed up my baby girl yet on this!!! I better get my butt in gear!!! Does anyone on here have or had this before??
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Katherine S says
Enza- We did a lot of research on this and learned a lot from Dave Ramsey. Don’t waste your money! It doesn’t really get you anything in the long run. You would be better off putting that small amount of money per month in a savings account and would get a better return. All you need for a child is a rider on the adult’s life insurance-enough to cover a burial if anything should happen. There is no other reason to have life ins. on a kid because there is no income to replace or debts to pay off if they do die. Here is DR’s info on it- http://www.daveramsey.com/article/the-truth-about-life-insurance/lifeandmoney_insurance/
Hope that helps.