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found all the info. I need

thanks to all that contributed
 
found all the info. I need

thanks to all that contributed
 
Originally Posted by I WON


As a baby shower gift, my new aunt and uncle in-laws gave me and my wife a life insurance policy for our baby in the sum of $1,000,000.

I'm ignorant when it comes to life insurance, can anybody explain what the point of this would be?  Will my babygirl get this when she turns 18?
I'm sorry but
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This isn't a trust fund my dude.

What kind of sick demented gift is this?
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Originally Posted by I WON


As a baby shower gift, my new aunt and uncle in-laws gave me and my wife a life insurance policy for our baby in the sum of $1,000,000.

I'm ignorant when it comes to life insurance, can anybody explain what the point of this would be?  Will my babygirl get this when she turns 18?
I'm sorry but
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This isn't a trust fund my dude.

What kind of sick demented gift is this?
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strange gift.
yes, you would get that money if she dies...


but from the sound of it though...its' probably a whole life policy... where upon maturity, there's a cash value given

shoulda just put the money in an ESA or 529 for her
 
strange gift.
yes, you would get that money if she dies...


but from the sound of it though...its' probably a whole life policy... where upon maturity, there's a cash value given

shoulda just put the money in an ESA or 529 for her
 
Originally Posted by I WON


As a baby shower gift, my new aunt and uncle in-laws gave me and my wife a life insurance policy for our baby in the sum of $1,000,000.

I'm ignorant when it comes to life insurance, can anybody explain what the point of this would be?  Will my babygirl get this when she turns 18?
you stupid cuh
 
Originally Posted by I WON


As a baby shower gift, my new aunt and uncle in-laws gave me and my wife a life insurance policy for our baby in the sum of $1,000,000.

I'm ignorant when it comes to life insurance, can anybody explain what the point of this would be?  Will my babygirl get this when she turns 18?
you stupid cuh
 
you prob typed it wrong or i'm reading it wrong- but who is the policy on?

it sounds like it should be a policy on YOU her parents so if something happens to you the child gets the money....i never heard of a baby having life insurance an the paretns getting the $ if it dies
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thats just silly

def woulda been better just paying into a college fund or something....

read over the policy and see what it states....im pretty sure its on you or both parents and the child is the beneficiary (maybe the aunt too if she's shiest like that
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) but i would think you would have some say in somebody taking a policy involving you
 
you prob typed it wrong or i'm reading it wrong- but who is the policy on?

it sounds like it should be a policy on YOU her parents so if something happens to you the child gets the money....i never heard of a baby having life insurance an the paretns getting the $ if it dies
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thats just silly

def woulda been better just paying into a college fund or something....

read over the policy and see what it states....im pretty sure its on you or both parents and the child is the beneficiary (maybe the aunt too if she's shiest like that
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) but i would think you would have some say in somebody taking a policy involving you
 
Originally Posted by Dirtylicious

strange gift.
yes, you would get that money if she dies...


but from the sound of it though...its' probably a whole life policy... where upon maturity, there's a cash value given

shoulda just put the money in an ESA or 529 for her
Oh how I love a man who knows how to manage his money
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-The Juice
 
Originally Posted by Dirtylicious

strange gift.
yes, you would get that money if she dies...


but from the sound of it though...its' probably a whole life policy... where upon maturity, there's a cash value given

shoulda just put the money in an ESA or 529 for her
Oh how I love a man who knows how to manage his money
embarassed.gif
smokin.gif


-The Juice
 
Originally Posted by YoungSleezy

Originally Posted by I WON


As a baby shower gift, my new aunt and uncle in-laws gave me and my wife a life insurance policy for our baby in the sum of $1,000,000.

I'm ignorant when it comes to life insurance, can anybody explain what the point of this would be?  Will my babygirl get this when she turns 18?
you stupid cuh

really?

Just spoke with the insurance agent, she said the $1 million dollar plan is in place and will start to MATURE as soon as she is born.

When she turns 18, she either has the choice of cashing this out or keep on letting it mature from there.

You're just mad because my unborn child has more bread then you will ever have.
    
 
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