Why Should You Consider the Gerber Life Insurance College Plan Now?

Gerber Life Insurance College Plan – seniors graduating

As our world becomes increasingly competitive and higher education more important than ever, planning for your child’s future should start now. The Gerber Life Insurance College Plan is a great way to help tackle the rising cost of higher education, whether or not your child decides to go to college.

College Tuition on the Rise

The average cost of attending a four-year university is steadily increasing. For 2021, the figure is around $22,690 for a public, in-state school and up to an average of $51,690 for a private school. For Associate degrees, the cost also is increasing – although more affordable – to an average of $3,800 per year at a public college.1

In addition to juggling college, work and a social life can make it hard for some students to maintain academic performance, so they might need longer than four years to complete the requirements to graduate.

The longer it takes to earn a college degree, the more debt your child could accrue. Earning that degree, however, could put them in a better position for finding a job after graduation.

Higher Education Brings Better Job Opportunities

It’s no secret that a Bachelor degree can help a child to land a higher-paying job. The Bureau of Labor Statistics found that in 2022, those who graduated with only a high school diploma will be more than twice as likely to struggle with unemployment as will someone with a Bachelor degree.2

Here’s a breakdown from a United States Census Bureau study3 in 2021:

  • 38% of Americans age 25 or older hold a bachelor's degree or higher.
  • 10.5% have associate degrees.
  • 37% did not attend higher education after high school.

Will the Gerber Life Insurance College Plan Pay for Technical School?

Yes. Not every child will want to go to a four-year university. In fact, many technical professions and trades are struggling to find qualified candidates.

The Gerber Life Insurance College Plan is a way to help your child’s financial future, not necessarily just for college. It’s an individual endowment life insurance policy that allows you to use the benefit for any purpose, trade schools included.

It might seem like your child’s life after high school is far away, but don’t blink — the time to make plans for after high school will be here soon.

Gerber Life Insurance wants to help prepare you and your child for the future, so that your child can get the needed education without the burden of rising debt.

To learn more about our Gerber Life Insurance College Plan, we’re here to help. Just call us at 1-800-704-2180.

 

Sources:

1Trends in College Pricing and Student Aid 2021, College Board, October 2021;
https://research.collegeboard.org/media/pdf/trends-college-pricing-student-aid-2021.pdf

2High school graduates with no college had unemployment rate of 4.5 percent in February 2022, United States Bureau of Labor Statistics, March 9, 2022;
https://www.bls.gov/opub/ted/2022/high-school-graduates-with-no-college-had-unemployment-rate-of-4-5-percent-in-february-2022.htm

3Census Bureau Releases New Educational Attainment Data, United States Census Bureau, February 24, 2022;
https://www.census.gov/newsroom/press-releases/2022/educational-attainment.html

Was this article helpful?
55%
45%
View All Child Life Insurance Articles

Swipe to see our products & get a free quote

Term Life
Term Icon

Term Life Insurance

Adults 18-70

Flexible coverage at a price that’s right for you.

Whole Life
Whole Icon

Whole Life Insurance

Adults 18-70

Keep it for life and build cash value.

Guaranteed Life
Guaranteed Icon

Guaranteed Life Insurance

Adults 50-80

Coverage for adults between 50 and 80 years old.

Accident Protection
Accident Icon

Accident Protection

Adults 18-69

Help protect loved ones without busting your budget.

Grow-Up
Grow-Up Icon

Grow-Up® Plan

Children 14 and under

Valuable protection that grows with your little one.

College Plan
College Icon

Gerber Life Insurance College Plan

Children 18 and under

Safe, secure and easy way to help pay for college.

Term Icon

Term Life Insurance

Get a free instant quote

Your quote

Get a Free Quote

Have you used tobacco? *

* Indicates required field
** Currently not available in New York

Still want to learn more, view the term life product page for more information.

Whole Icon

Whole Life Insurance

Get a free instant quote

Your quote

Get a Free Quote

Have you used tobacco? *

* Indicates required field
** Currently not available in New York

Still want to learn more, view the term life product page for more information.

Guaranteed Icon

Guaranteed Life Insurance

Get a free instant quote

Your quote

Start here. It's easy!

Let us customize a Guaranteed Life Insurance quote just for you.

* Indicates required field

Still want to learn more, view the term life product page for more information.

Accident Icon

Accident Protection

Get a free instant quote

Your quote

Get a Free Quote

Just enter the state you live in to get an instant quote.

* Indicates required field

Still want to learn more, view the term life product page for more information.

Grow-Up Icon

Grow-Up® Plan

Get a free instant quote

Your quote

Get Your Free Quote Now

See how little it costs to help protect your child

* Indicates required field

Still want to learn more, view the term life product page for more information.

College Icon

Gerber Life Insurance College Plan

Get a free instant quote

Your quote

Start here. It's easy!

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

Child's Age *
Relationship to Child *
Your Age *

* Indicates required field

Still want to learn more, view the term life product page for more information.

Get inspired with our free e‑newsletter for parents

Get our free parenting e‑newsletter with:

– Parenting advice

– Money-saving tips

– Life insurance blogs

No thank you

By signing up, you agree to occasionally receive emails from Gerber Life. Unsubscribe at any time. View our privacy policy.

We’d like to notify you about updates, videos, new products and more.

Notifications can be turned off at any time in your browser settings.