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Gerber Life College Plan

The sooner you start, the more you can save

Save for college with the benefit of adult life insurance

Why you should start saving right away

College may seem far off, but the simple fact is that the sooner you start saving for college, the more time that your money has to grow and the less you have to save each month to reach a sizeable amount.

It’s easy to get started with the Gerber Life College Plan

1 Choose a fixed monthly payment that fits your budget – we promise that it will never go up!
2 Decide when you want your money, between 10 and 20 years
3 Receive a guaranteed payment of $10,000 to $150,000 when your policy reaches maturity

It's that easy! Just complete the application (which asks a few health questions, because our plan provides adult life insurance), and sign a couple of forms. You can apply online or over the phone at 866-503-4487. Our trained College Plan specialists are available to answer questions and help you decide on a policy that suits your needs.

How the Gerber Life College Plan works

The Gerber Life College Plan is an endowment life insurance policy that provides guaranteed growth and adult life insurance protection. You decide how much you can afford to set aside each month, and then you receive a guaranteed benefit payment of $10,000 to $150,000 when it's time for your child to enter college in 10 to 20 years.

Endowments such as the Gerber Life College Plan have been around for many years and are popular because they offer a secure, stable way to save money for the future. With an endowment, you don't have to worry about economic ups and downs – you know how much money you'll have at maturity.

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A risk-free way to pay for college and much more

Unlike stocks and mutual funds, the Gerber Life College Plan does not go up and down in value due to economic conditions. It's economy proof! And – unlike 529 plans or educational IRAs, which require that the money be used for higher education only – money from the Gerber Life College Plan may be used for any purpose upon maturity.

Why the Gerber Life College Plan can be better than a bank account

A regular bank account allows you to take out money whenever you need it, if you use your savings for little things here and there, and there might not be much left when college rolls around. The Gerber Life College Plan, on the other hand, helps you to commit to saving for college, and gives you the extra security of adult life insurance protection.

If you need cash for an emergency, the Gerber Life College Plan allows you to withdraw some of your money. You may take a loan from the cash value of your policy as long as you continue to pay your premiums. However, policy loans are charged an interest rate of 8% and, if not repaid prior to maturity, your final payout will be reduced by the amount of your loan and any loan interest still outstanding. Not taking a loan will assure that money is saved for college.

Stable, fixed rates of return for safety and guaranteed growth

The Gerber Life College Plan focuses on safety and security, so that you will be paid as promised. Your premium will never increase, and you'll never lose a penny to investment risk or interest rate declines.

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Gerber Life
College Plan
Bank Savings
Account
529
Plan*
Guaranteed Growth
No Stock Market Risk
Life Insurance Benefit
Use of Money not Limited
to Just College Expenses
Tax-Deductible Contributions

*If invested in stock

Compare the Gerber Life College Plan to other ways to save for college

Click to see a full chart

Gerber is a name you know and trust

For almost 50 years, Gerber Life Insurance Company has been providing reliable life insurance to millions of families, helping people like you to provide better opportunities and a more financially secure future for their children. We are a financially separate affiliate of the Gerber Products Company, a name you've probably known since you were a baby.

In June 2013, for the 14th consecutive year, Gerber Life received an "A" rating from A.M. Best, an impartial reporting firm that rates insurance companies on financial stability, management skill and integrity. This rating is the 3rd highest awarded out of thirteen possible categories.

A word about taxes

During the first few years, it's not likely that you will owe any income taxes on your policy. Later, as the cash value in your Gerber Life College Plan grows, it will generate taxable income in the same way that a bank savings account or mutual fund would.

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This policy has exclusions, limitations and terms under which the policy may be continued in force or discontinued. We will provide you with costs and complete details of coverage. As with any financial matter, consult with your financial consultant or tax advisor for advice concerning your particular situation.
   
 

Start here. It's easy!

 
 

Tell us about yourself, and we'll customize a plan just for you:

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Free Guide for Parents

"Jump Start Your Child's Future: 5 Easy Steps for Raising Smart Kids."

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The Gerber Life College Plan

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