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College Planning – Future scientist

In today’s economy, paying for college is something that many families worry about. We’re here to help you get a head start.

The Gerber Life Insurance College Plan is a simple way to help fund your child’s higher education. At the same time, it provides adult life insurance protection for your family now.

Getting help from Gerber Life is just one piece of the college-planning puzzle. You’ll also want to explore ways to save money and keep your child on track academically.

Starting early is key, so let’s jump in!

Focus on financial planning while your child is still young

There are several ways families pay for college, including scholarships, grants, and loans. First, find out which of those options may work for your family, and then determine how much money you’ll need to fill the gaps. Due to the rising cost of higher education, it’s important to put money aside as soon as possible.

Unlike a savings account or an investment account which don’t guarantee a payout, you can secure a guaranteed* payout of $10,000 to $150,000 with an endowment life insurance policy such as the Gerber Life Insurance College Plan. Once the policy matures, you can use the payout money to help cover college expenses – or anything else your child needs for a successful future. The College Plan places no restrictions on how the money is used.

While you’re building a financial plan for college, you can work on taking an active role in your child’s education. Read, play, and talk with your child about schoolwork. Encourage participation in extracurricular activities. Help your son or daughter to find and develop talents and passions.

Focus on academic goals as your child gets older 

Things can get busy for you and your child in high school, so follow this tried-and-true timeline for staying on track:   

  • 9th Grade: Ask your child about favorite interests and how they could play into potential career options. Challenge your child to take Advanced Placement classes for college credit. Continue reminding your child of the importance of maintaining a high GPA.
  • 10th Grade: Make plans for your child to take the Preliminary SAT. Begin attending college planning workshops for parents. Encourage your child to meet with the school counselor to discuss whether a 4-year college, or a technical school or college, best suits your child’s abilities and needs.
  • 11th Grade: Make sure that your child registers for the SAT and/or the ACT exams. Begin visiting colleges and start researching scholarships, since some deadlines occur before senior year.
  • 12th Grade: Remind your child to ask for letters of recommendation. Begin the college or school application process, and compare acceptance and financial aid packages. Repeatedly tell your child how proud you are of his or her hard work.

Help start your child off right in college   

Remember that Gerber Life Insurance College Plan you bought when your child was young? When your policy’s term ends, you will receive a guaranteed payout for your child of the amount pre-selected by you. Your child could use it for textbooks, tuition, transportation, or any other expenses that may come along.

Learn more about the benefits of the Gerber Life Insurance College Plan to see if it’s right for you and your family. If you’re ready to get started, apply online or call 1-866-503-4487.

*Once approved, coverage is guaranteed.

"The Gerber Life Insurance College Plan is a simple way to guarantee funds for your child’s higher education needs."

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