<prompt> Human: I am a single mom, 26 yrs old. Just had my first baby. No health problems other than bipolar. I know nothing about life insurance. Can you tell me what is important when picking a policy? Which life insurance company would you reccomend and why?Also is that Gerber life plan worth it for the baby? They say you can borrow against it, what does that mean? Or get cash value. Thanks in advance. I hope to learn from this forum, I am like financially crippled, I need to learn!Assistant: Sorry to be blunt but its easiest. If your baby dies what is the financial hardship to you or your family. Probably little, you could get a burialfuneral costs type of insurance 5-10k. If you die, what is the financial hardship to your baby and family, probably much worse. Make sure you have good Term life insurance on yourself. Human: Life insurance for the baby is totally creepy. So if term is best, do i want to do the longest term? Or shorter 10 years? After the term is up, can u tellme what happens if I decide to do another term? Would I pay more? What if I dont continue? Would I get any money?  <response>: Please read the FAQ on Term you get no money back but is a lot cheaper. You dont want to setup a new term because the costs get a lot more the older you get. The idea is to get your kid setup so they can start their life wo you should something bad happen. 20-25-30 year is probably the range you are looking for. 