Meet “Clair the Good Witch,” short for clairvoyante. We recently heard the wind whisper that her pastimes include sweeping, casting spells, and pinning photos of homemade brews on Pinterest. Today, Clair flew in to lift the spell of confusion that’s been cast on some parents and grandparents about life insurance premiums.
Will my life insurance premium increase over time?
CLAIR: Other life insurance providers may increase their premiums over time, but that’s not the case with Gerber Life. For example, the Gerber Life Grow-Up® Plan1 allows you to purchase children’s whole life insurance for your child at a locked-in, child-size premium rate.
After your child becomes an adult at age 21, and as long as premiums are paid, he or she will have the opportunity to keep the policy and the same childhood rate for up to a lifetime – and without ever having to answer health questions or to have a medical exam.
GERBER LIFE: POOF! Misconception dispelled! Be sure to keep an eye on this blog series throughout October to meet the rest of our cast of characters – Clair’s friends, the Scare-makers – for some other insurance misconceptions dispelled and for Halloween family fun.
1 Policy Form ICC12-GPP, Policy Form Series GPP-12