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Does anyone have a life insurance policy for their LOs or a savings started? I had gotten Gerber Life insurance for Nicole and put Hannah on it when she was born. While it was cheap, it was still hard to keep up with it during these hard times so I have cancelled it. I got to thinking though that why not just save that amount of money aside for the girls myself and that way they can have it when they need it and not have to use their life insurance. Id like to eventually start it back up but more so when we are back on our feet. We also save change for them and put it in their piggy banks.