1. How to Start Building Financial Security for Your Growing Family

    Mother paying for groceriesThe joys of becoming a parent and moving from “me” to “us” and “we” can be an incredible moment for many people. Along with the joys of new parenthood comes a growing sense of responsibilities, some of them obvious. Your newborn needs constant care – the need to be fed and bathed and looked after at all times. Other responsibilities can be less obvious, such as the importance of financial and estate planning.

    As your family grows, financial security becomes more of a priority as you aim to make sure that your loved ones have money to meet basic needs, no matter what happens to you.

    Here are three ways to start building family financial security:

  2. The Gerber Life College Plan vs. 529 Plans: Which one makes the most sense for your family?

    Mortarboard and checkbook with pen

    Preparing for a child’s future is usually a top parental priority. With the price of a college education continuing to rise, many parents are looking for ways to help pay for their children’s college tuition. What are the options?

    Several are available. Finding the option that best suits your family’s needs may seem daunting, as some people find. The early years of your child’s life offer a great opportunity to begin some basic financial planning to help tackle the future cost burden of education.

    Two popular vehicles for putting aside money for college are 529 Plans and the Gerber Life College Plan1. To help you decide which one might make the most sense for your family, here’s a summary of their advantages and how they work:

  3. How America Pays for College in 2015

    How America pays for college infographicHow America pays for collegeIn July, financial services company Sallie Mae and the global independent market research company Ipsos released the eighth annual “How America Pays for College” study. The report focuses on how much money parents and students spend for a college education, where they obtain the funds to pay for the expenses associated with college, and their thoughts about the cost and value of higher education.

    Perhaps the most surprising finding is that parental income and savings surpassed scholarships and grants for the first time in five years, and is the number one source of paying for college.

    For more insights from the How America Pays for College study, check out our accompanying infographic:

    Comments are off for this post
    Categories: College Planning
  4. 5 Reasons to Have Life Insurance (and Why It Can Cost More Not to Have It)

    top 5 reasons for having life insuranceAccording to the 2015 Insurance Barometer Study by Life Happens and the life insurance association LIMRA, more than 40 percent of Americans don’t have life insurance. That equates to more than 128 million people without coverage.

    Reasons that people give for not having life insurance vary, from “life insurance is too expensive” to “I still have time, I don’t need life insurance yet” to “I don’t know how to get coverage.” However, its purpose remains the same: Life insurance can provide loved ones with financial protection when they need it most, just like automobile insurance, health insurance and home insurance.

    If you don’t have life insurance, here are five reasons for life insurance that you may have not yet fully considered:
    Reasons to have life insurance infographic

  5. Three Big Benefits of the Gerber Life College Plan

    3 steps to get started with the Gerber Life College PlanGerber Life College PlanAs a parent, you want your child to succeed in life. Although college might not be right for everyone, most parents will probably agree that giving their children the opportunity to attend college is a path for success.

    Unfortunately, providing a child with that opportunity comes at an expensive price, and so parents worry about how they’ll pay for college when the time comes. What might surprise you is how concerned they are about this dilemma. According to a recent Gallup poll that collected data from 2001 to 2015, having enough money to pay for college is the most common worry among parents who have children under age 18.

    Fortunately, there is a way to ease some of the concern: by starting to plan for future college expenses as early as possible.

    One excellent planning choice is to buy a Gerber Life College Plan¹. If you aren’t familiar yet with the Gerber Life College Plan, here are some of its benefits (be sure to view the accompanying image that explains how easy it is to apply for one):

    Comments are off for this post
    Categories: College Planning