Life insurance isn’t necessarily a fun thing to talk about, but it IS a necessity – and the Gerber Life Grow-Up® Plan is a great way to start protecting your children now while also saving money! Since 1967, Gerber Life Insurance Company has provided quality life insurance, especially for young families on a limited budget. The Grow-Up® Plan from Gerber Life Insurance is $5,000 to $50,000 of whole life insurance protection which you can purchase for your child, grandchild, or legal ward at low childhood premiums that never increase. Plus, coverage automatically doubles when the child reaches the age of 18 (also with no increase in premiums).
This is a really neat thing to get your children set up with because the value doubles when they turn 18 and they can withdraw or borrow against all the premiums paid up to that point at any time – much like a savings account. In addition to being what we would think of as “regular” life insurance, the Grow-Up Plan protects your child, ward, or grandchild while also starting this nest egg he or she can borrow from later on – PLUS enrolling them now guarantees them future insurability. Your child or grandchild will have several opportunities to buy more coverage as an adult even if they can’t get insurance from other companies for any reason.
Check out the Gerber Life Grow-Up Plan today! Parents, grandparents and permanent legal guardians may apply as long as their children are 14 days to 14 years old.
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