As a parent or grandparent, your utmost concern is protecting your family. The Gerber Life Grow-Up® Plan, a children’s whole life insurance policy that grows as your child grows, not only provides valuable financial protection, but it can also build a small nest egg for the future.
How? Like adult whole life insurance, a benefit of Grow-Up® is that it has “cash value” that grows over time, just like your child.
Each time that you make a monthly premium payment, Gerber Life sets aside a small amount of money. The cumulative amount — the “cash value” — represents how much the policy would be worth at a given point in time, were you to cash in the policy or take a loan* against the policy.
The amount of cash value that accumulates primarily depends on how long you have owned the policy, the face amount of the policy, whether your premium payments are up-to-date, and if there is any outstanding loan debt against the policy.
The longer that you own the policy and make all of the premium payments, the more cash value it accumulates.
The cash value of your Gerber Life Grow-Up® Plan can be used in several ways:
Learn more about the other benefits of the Grow-Up® Plan.
* Policy loan interest rate is 8%.