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Ask Dave

Babies Need Life Insurance?

No one depends on a baby for their needs, but should they still have life insurance?

QUESTION: Dale asks if it’s a good idea to take out a life insurance policy for a baby.

No.  You should just add a rider on your existing term policy if you want to cover your baby.  Do not get the Gerber plan – it’s a rip-off deal.  Don’t ever buy any type of insurance in order to investment.