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Ask Dave

Gerber Insurance Good Idea?

Gerber insurance plans are bad investments because you should never save money inside an insurance policy.

QUESTION: A listener asks why Gerber’s insurance plan is a bad investment.

ANSWER: You should never save money inside of an insurance policy.  If you want to save money, you can put it just about anywhere other than the Gerber plan – or any other whole life plan for that matter.  Babies don’t need life insurance, they need a college fund.