As a parent or grandparent, your primary concern is protecting your family. Imagine the financial security and peace of mind of having an insurance policy that grows as your child grows!
The Gerber Life Grow-Up® Plan is an ideal way to plan, and build for, the future. It’s a children’s whole life insurance policy that provides valuable financial protection for you and your child. It can also build a small nest egg for your child.
So how does it work? Like adult whole life insurance, a great benefit of the Grow-Up® Plan is its “cash value.”
Cash value works like this: each time you make a monthly premium payment for your Grow-Up® Plan, Gerber Life sets aside a small amount of money. Over time, this becomes the cash value of your policy. It represents how much your policy is worth at any given point in time. You can watch the amount grow, just like your child.
Both children’s whole life insurance and adult whole life insurance policies can offer a cash value component. So why get a policy while your child is still young?
The answer is simple: You have time on your side. The longer you own the policy and make all the premium payments, the more cash value that the policy accumulates. By the time your child is an adult and becomes the policy owner, you’ll already have built a nest egg – which your child can continue to grow.
A great benefit of cash value is its flexibility. Here are ways you might use the cash value of the Grow-Up® Plan:
By planning ahead, your child can count on this whole life insurance coverage and cash value in the future. The number to call at Gerber Life is 1-800-704-3331 to learn more about the Grow-Up® Plan or to get a quote today.
* Policy loan interest rate is 8%.
Children ages 15-17 can be insured by our Young Adult whole life insurance plan.
Gerber Life makes it easier than ever to help ensure your family’s financial stability in case something happens to you. All of our life insurance policies offer choices in coverage with affordable premiums and an easy application process.
Protect and provide for your child’s future with whole life insurance.
Provide greater financial security for your family for a specified timeframe.
Whole Life insurance can protect your family for a lifetime, as long as premiums are paid.
Accident Protection insurance can protect you and your loved ones against the unexpected.
Guaranteed Life Insurance offers the benefits of whole life without a medical exam – guaranteed.
Endowment life insurance policy – guaranteed growth and adult life insurance protection.
The Grow-Up® Plan
We understand you want to give your child every advantage. The Grow-Up® Plan is a simple, budget-minded way to start for children ages 14 days to 14 years. For as little as $1 a week, you can give your child a lifetime of life insurance protection with plans starting at $5,000. Your decision today will help your child be better equipped for adult responsibilities tomorrow.
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