Cohen & Malad, LLP is investigating Globe Life and Accident Insurance Company for deceptively marketing child life insurance products to parents and grandparents as a means to save money for a child’s future. However, “it’s all but impossible to find a personal finance type willing to say a good word about children’s life insurance,” Gerber’s life insurance for kids is a rip-off. Yuck! (slate.com). Even insurance industry experts admit that the case for child life insurance “is not very strong.” This is because insurance is not an investment or a savings plan.
If you or someone you know purchased a children’s life insurance policy through Globe Life, contact us. Our class action attorneys would like to gather additional information about your experience.