The Gerber Life Parenting Blog

Dispelling Confusion About Grow-Up Life Insurance: Insurance for Kids

October 19, 2015

Meet Spooky – Gerber Life Halloween StorybookFourth in a series of five blog posts

Meet Spooky the Ghost, who is passionate about the art of scaring. When not up to his usual high jinks of terrifying the neighborhood cats, you might find him creating tutorials to share the latest haunting tactics and techniques. Spooky’s parents knew how important it was to have life insurance protection, but because Spooky was just a kid, they thought that he didn’t need a life insurance policy of his own.

Do children really need life insurance?

CLAIR: Applying for whole life insurance for your little one can be a great idea. For example, the coverage amount of the Gerber Life Grow-Up® Plan1 doubles during the year that your child is 18 years old, with no increase in the premium. For example, a $10,000 policy doubles to $20,000, a $20,000 policy doubles to $40,000, and so on, at no extra cost. When your child turns age 21, he or she becomes the policy owner and will have guaranteed opportunities to buy additional insurance throughout the years with guaranteed acceptance – no health questions, no medical exam. Because the Grow-Up® Plan builds cash value over time, the longer that you and then your child hold the policy, the more cash value it builds.

GERBER LIFE: POOF! POOF! POOF! A triple play and another misconception about life insurance dispelled.

Can’t wait to meet our next Scare-maker? Check back in tomorrow to meet Stuffin’ – the final character in our Halloween tale.

1 Policy Form ICC12-GPP, Policy Form Series GPP-12

Protect Your Child

Protect Your Children while Providing for their Future

With the Gerber Life Grow-Up® Plan, you can provide whole life insurance coverage for your children for just pennies a day.

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Please note: Articles and other information included on this website are intended for the general interest of our readers, and are not intended to express the positions or views of Gerber Life or to provide or constitute, legal, financial, health or other advice. Gerber Life makes no claims, representations, or warranties as to the accuracy, completeness, or appropriateness of this general interest information for your particular circumstances. If you need legal, financial, health or other services, you should contact a duly licensed professional.