Remington has life insurance.  I think there is sooo much wrong with a baby having life insurance, but whatever, I got talked into it.  Mostly just bc there is a cash value when he turns 18.  He can either withdrawl all the premiums or upgrade to cheaper big boy life insurance for the same premium.  Apparently no matter what the premium will never ever go up.  So Remington could have a $100,000 life insurance policy after he is 18 for only %9.41 a month.  Thats a plus.  Phil and I did the math and not including interest if we pay in every month until Remi is 18 he will have $2,032.56 that he can withdrawl and keep. 

The way I see it its more of a secure savings account for him than a life insurance policy.

As soon as he was born people started calling me wanting me to take life insurance out on my newborn.  I was absolutly appalled at the idea.  Made my stomache turn that anyone would insure their baby's life.  The sales pitches these companies gave me where especially volatile.  "With this policy you will get $30,000 if your baby dies of SIDS and an extra bonus of $10,000 if it was accidental death."....seriously?  I was disgusted...

Then Phil's mom called me up and wanted Remi SSN bc she wanted to take out a life insurance policy on him, she said she did it for all her grand babies...I thought it was creepy.  But I figured it was alright, its her money, my baby isnt gonna die and if he does, well he wont.  Nuff said.  I wont dare tell Phil this, but im curious as to who she put down as the beneficiary...makes me nervous...

I dont like the idea of someone other than me having life insurance on my baby.  It just doesnt sit well with me...

It bothers me even more that I dont know how much it is for...

I hate to talk like this, but I dont know her all that well and I know she is broke and I know that nicer people have done worse things before...You just never can tell about a persone. 

Im hoping she just got the same deal as I did and its more of a secure savings account than anything.  If thats the case im very greatful that she did and shes a very kind woman.  If its not the case, im creeped out and leary of her...but its not something I can ask about without it being extremely offensive. 

In any situation im a little unsettled at the idea that my babies life is worth over $30,000 now.  It really creeps me out.  But im glad that when he goes off to college he will have some money to help him out.  : )  That makes me happy...

I just watch too much lifetime TV.  Ive seen so many shows on people who have been murdered for their life insurance policy...Its just imprinted on my brain that having life insurance is like a stamp on your head begging for trouble.  Damn that show Snapped and LMN and Women Behind Bars. 

Its a good thing though right?  What do you think about babies with life insurance?

I mean, if Remington was to come down with a horrible incurable illness he will be insurable later in life.  Thats what im told.  Im told its less about the death part and more about being insurable as an adult.  That if there is a preexisting condition they are uninsurable, unless they already have insurance.......

So if Remi didnt have this policy and was to get, idk, Chrones disease he wouldnt be able to get insurance, ever...But bc hes insured now with a clean bill of health he will always be insurable...no matter what...

Thats the way im looking at it.  Its just a way to secure his future insurability and cash flow.