Gerber Life Insurance Doubles Coverage
Gerber Life Insurance offers many different programs but one in particular stands out. The Grow-Up Plan from Gerber claims to give your child a powerful start towards their future. According to their website, they are looking to give children an advantage in life and by opening one of their accounts they hope to protect your child. The Grow-Up Plan is a whole life insurance policy which works towards a nest egg for your child's future.
Parents are always looking for the best savings or life insurance plans for themselves and their children and it can get overwhelming to sift through all of the material out there. Companies are constantly coming up with new deals and new products to add to the long list of choices out there. We know Gerber is a trusted name so that helps understand the appeal. Their Grow-Up Plan claims to be a gift that doubles. They provide up to $50,000 of whole life insurance protection now and in addition to this the amount automatically doubles during age 18 at no extra cost. This makes the unique very popular with consumers.
The main goal of the Grow-Up Plan from Gerber Life Insurance Company is to provide security for today and strong savings for the future. Once you are set up with the plan you lock in a low childhood rate that is guaranteed to never go up. They compare it to a 60% discount on what your child would otherwise pay for new, adult coverage. The savings could end up being pretty big.
Another perk is that the plan grows. In addition to coverage dollar amounts doubling, your child will have numerous opportunities to increase their coverage once they become an adult. You can give them the gift of coverage that can always be counted on. The plan also builds cash value. The Grow-Up plan accumulates cash value as long as premiums are paid timely. After 25 years, the policy's cash value will be at a minimum worth the premiums paid, and maybe more. Some people may want to invest this money in more lucrative savings, but of course those are never a guarantee.