QUESTION: Sherry asks what to do with the Gerber baby insurance that she has on her 2 and 4-year-old children.
ANSWER: You need insurance if you are earning an income. You don’t need life insurance on kids, except to have enough to bury them if something happens. Get a rider policy for $50 a year on your term life insurance policy. That will cover them. Gerber baby life insurance is horrible ... it’s a joke.