New parents have a lot on their minds: making sure that their babies are well cared for, keeping the house tidy, keeping themselves healthy, and getting enough sleep to make it all happen. During those first weeks of new parenthood, some things inevitably may fall by the wayside, but one thing that should not go unattended is insurance.
Here are some of the kinds of insurance that new parents should have, to help prepare for whatever weather the future may bring:
As a parent, you may wonder why your children would need life insurance. After all, you might reason, they’re young and healthy. While that may be true, life insurance – like other types of insurance – is something that should be in place before you need it.
Among the benefits of buying whole life insurance for a child, specifically the Gerber Life Grow-Up® Plan¹ are:
Three great reasons to get whole life insurance for your child.
Our kids grow up fast, don’t they? They morph from babies to toddlers in the blink of an eye. A few years more and they’re out the door before we can catch them!
Protecting our little ones is an instinctive urge. Not only do we want to provide a safe and loving environment for them, we want to safeguard them financially. One great way to jump-start your child’s financial security is with a Gerber Life Insurance Grow-Up® Plan1.
Is it ever too early to start shopping around for life insurance for your baby? Baby life insurance is more than just coverage in case something terrible happens to your baby or child. Baby life insurance in the form of a whole life insurance policy like the Gerber Life Grow-Up Plan actually creates a solid nest egg for your child.
The baby life insurance policy coverage doubles during the year your child is 18, and provides premium rates at up to 60% less than plans purchased as an adult. When your child reaches age 21, he or she has the option to:
- Cash out the policy to reinvest or pay for adult expenses
- Extend the policy at lower rates than they would get if they were to apply for a new life insurance policy as an adult
The Gerber Life Grow-Up Plan cannot be canceled by the insurer for any reason, and your child will not be turned down for additional coverage through the plan, as long as premiums are paid.