Gerber Life Grow-Up Plan: Everything You Need to Know

Gerber Life Grow-Up Plan life insurance rates are affordable and allow parents to buy a whole life insurance policy for their child. This policy builds cash value and doubles the total coverage when the insured child turns 18. Children can also purchase more coverage at certain stages in their life. Adults can get free Gerber Life Grow-Up Plan life insurance quotes online to review the policy pricing and benefits.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Dec 30, 2021

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The Rundown

  • Both parents and grandparents can purchase a Gerber Life Grow-Up Plan for a child
  • The insurance coverage is doubled when the child turns 18 years old
  • Children with health concerns are not excluded from the policy

After bringing home a newborn baby, life can get both wonderfully exciting and exhausting. So, it’s no surprise that purchasing life insurance for your child is likely quite low on your to-do list.

But you shouldn’t wait to put financial protections in place for your little bundle of joy. Thankfully, there are products in the insurance marketplace that can help you do just that.

The affordable Gerber Life Grow-Up Plan life insurance policy empowers parents to invest in their child’s future.

Curious about what this life insurance plan can do for your family? You can get Gerber Life Grow-Up Plan life insurance quotes easily online and start comparing them to other policies. Enter your ZIP code above to get free life insurance quotes from companies near you right now.

What is the Gerber Grow-Up Plan?

The Gerber Grow-Up Plan is a life insurance policy designed for children under 15 years old. You’ll be excited to learn that the coverage doubles when the child turns 18. Seeing as the coverage amounts available with this plan range from $5,000-$50,000, this can result in a tidy sum of coverage.

Other exciting features about this plan are that premiums will never rise, children with health issues are never excluded, coverage won’t decrease as the child ages, and the policy will last until the insured individual passes.

While the Gerber baby Grow-Up Plan allows your child to buy more coverage as they get older, it is important to note that the purchase price will be based on their age at the time.

More insurance can be purchased when your child:

  • Turns 21, 25, 30, 35, and 40
  • Gets married
  • Has a child of their own

A payment protection rider also comes with this policy. This means, if the policy owner passes away or is unable to work due to a disability, payments on the policy will be waived until the child turns 21 years old.

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Can the Gerber Life Grow-Up Plan be cashed out?

Now, if you were to run a quick search for “Gerber Life Grow-Up Plan cash out,” you would discover that this policy is a whole life insurance policy.

This means that the policy builds cash value over time. So, if your child needs extra cash to buy college textbooks or fund a new business, they can access that money immediately.

The act of cashing out from a policy is also known as taking a policy loan. It’s important to note that Gerber Life Grow-Up Plan policy loans have an 8% interest rate. And if you take a lot of funds from the policy, you can eventually drain the death benefit.

Another way to get funds directly from the policy is to surrender it. You will receive the accrued cash value in the form of a check or direct deposit. Bear in mind that surrendering a policy dissolves it completely.

Who can buy a Gerber Life Grow-Up Plan?

Available all throughout the United States, parents and even grandparents can purchase a Gerber Life Grow-Up Plan.

If grandparents are not the sole guardians of the child, they must have the parents’ permission to purchase a policy before they can buy life insurance for the child in question.

How much does a Gerber Life Grow-Up Plan cost?

The Gerber Life Grow-Up Plan ranges in price depending upon the age of the child when the plan is purchased. You can review the Gerber Life Grow-Up Plan life insurance rates here:

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If you’re looking for a cost-effective life insurance company, a Gerber Life Grow-Up Plan may be just the policy for you. Of course, you should also read some Gerber Life Grow-Up Plan reviews to verify that this policy is the best one for you and your family.

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How can someone buy a Gerber Life Grow-Up Plan?

Adults interested in purchasing a plan for their child can easily apply for free quotes on the Gerber website. After completing the application, the finalization of the sale can be done online, or you can call the Gerber Life Grow-Up Plan phone number.

An initial payment will be required to start the policy. Then, all subsequent payments can be made through the mail, over the phone, or via the Gerber website.

It is also exciting to note that Gerber offer’s a 10% discount to those who sign up to have the monthly policy payment automatically deducted from a chosen account.

Is Gerber Life a financially sound company?

When you purchase a life insurance product from Gerber Life, you won’t have to worry about the security of your investment. As an A-rated A.M. Best company, Gerber Life has been providing quality life insurance products for over fifty years.

The Gerber Life Grow-Up Plan: What You Need to Know

Parents and even grandparents who want to provide a life insurance policy that will grow as a child grows may be very interested in a Gerber Life Grow-Up Plan. This whole life policy not only builds cash value but also doubles the total coverage when the child turns 18.

The child can even buy more coverage at certain points in time and can use the cash value in the policy whenever it is needed. However, life insurance rates will change if the child decides to buy more coverage later.

If you want to protect the financial future of the newest addition to your family with a Gerber Life Grow-Up Plan, buy life insurance today. Enter your ZIP code below to compare life insurance quotes for free.

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