Grow Up Plan Review

As an insured parent, grandparent, or legal guardian, you have the responsibility to protect your child's future. One way to do this is by investing in a life insurance policy that will remain with them until they turn 21 years old. Gerber Life Insurance Company offers two such plans - the Young Adult plan and the Grow-Up Plan.

The main difference between these two plans is the application process. For the Young Adult plan, you need to call Gerber's toll-free number to apply. On the other hand, the Grow-Up Plan can be easily purchased online or through an agent.

Both plans are whole life policies that build cash value and offer face amounts ranging from $5,000 to $50,000. As a parent or grandparent, you can start with an initial coverage amount of between $5,000 to $50,000.

One significant benefit of the Gerber Grow-Up Plan is that its insurance coverage automatically doubles when your child turns 18 years old without any increase in the monthly premium. This means that your child's life insurance coverage will increase significantly as they enter adulthood.

The Gerber Grow-Up Plan is designed for parents, grandparents, or legal guardians who want to purchase whole life insurance for a child from 14 days to 14 years old. Like most whole life policies, it builds cash value and provides a death benefit.

In this review, we will cover the details of the Gerber Grow-Up Plan, its benefits, and possible drawbacks. The plan is offered by the Gerber Life Insurance Company, which is part of the Gerber Products Company. As a parent or guardian, investing in the Gerber Grow-Up Plan can provide your child with financial security and peace of mind for their future.

Overall, the Gerber Grow-Up Plan is a great option for parents who want to ensure their child's financial well-being. With its automatic increase in coverage at age 18 and cash value benefits, this plan provides a safety net for your child as they grow up.

Grow up plan review