Your child will be eligible to purchase more coverage during these times: The coverage is guaranteed-approval, meaning it doesn’t matter what pre-existing conditions they have - they can always purchase more coverage. Gerber gives them the opportunity to purchase more coverage at specific times. ![]() When your child comes of age, they take over the policy as the owner. If the person paying for the policy dies or becomes disabled, Gerber will waive the payments on the policy until the child reaches age 21. Your child does not have to take a medical exam to qualify, meaning you can give them insurance coverage for the rest of their lives no matter what health conditions they might develop as adults.Īn additional benefit with Gerber is that they include a payment waiver add-on to the policy for no additional charge. You can purchase the Grow-Up plan in any state, and prices are the same for girls and boys (except in Florida and California). There are no restrictions on what a Gerber Life Grow-Up plan cash can be spent on. While parents are the most common purchasers of children’s life insurance, grandparents can gift the Gerber Grow-Up plan without permission.Īs a whole life policy, the Grow-Up plan accumulates a cash value. If you buy $25,000 of coverage, the plan doubles to $50,000 when your child turns 18. You won’t pay higher monthly rates for this – it automatically happens. One of the best advantages of the Grow-Up plan is that your child’s coverage doubles when they turn 18. Gerber promises that your rates will never increase, and the coverage never decreases.Īs whole life insurance, this plan will insure your child for the rest of their lives. You can buy plans for between $5,000 and $50,000. The Gerber Life Grow-Up plan is whole life insurance for babies and children under 14. The Grow-Up plan is more expensive than some other options.Your child can buy additional coverage between the ages of 21 and 40, or when they get married or have a child.Coverage automatically doubles at age 18. ![]() The Gerber Grow-Up plan offers coverage from $5,000 to $50,000 for children up to age 14.Enter your ZIP code into our free tool if you want to see what quotes might look like for you. If you’re considering the Gerber Life Grow-Up plan for your child, comparing quotes with other life insurance companies can save you money. Gerber Grow-Up plan reviews tend to be positive, but other companies might have better rates. The truth is Gerber does offer a good life insurance policy for babies, but it might not be the best choice. Gerber is a trusted brand in all things baby, so why wouldn’t its life insurance be a great product? It might not necessarily be the best option for insurance coverage for your baby, but it is one of the best known. It’s easy to see why an adult would need a life insurance plan, but what about babies? The right plan can help pay for funeral expenses, loss of income, medical costs, unpaid debt, and anything else your family needs. ![]() When you want to protect your loved ones from financial hardship after your death, life insurance is one of your best options.
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