The main difference between the Young Adult plan and the Grow-Up plan is that you are required to call Gerber’s toll free number to apply for the Young Adult life insurance policy. It is very similar to the Grow-Up Plan in that it is a whole life policy that builds cash value, with face amounts from $5,000 to $50,000 available. Gerber Life also offers a Young Adult life insurance policy for teens ages 15-17. As an added benefit, the plan’s insurance coverage automatically doubles when the child hits 18 years of age without any increase in the monthly premium. And a parent or grandparent can start with an initial coverage amount of between $5,000 to $50,000. Age Requirements and Face AmountsĪ Gerber Grow-Up Plan policy is life insurance for children available for kids ages 14 days to 14 years old. The Gerber Grow-Up Plan is aimed at parents, grandparents, or legal guardians who would like to purchase whole life insurance for a child from 14 days to 14 years old.Īs is common with whole life, the policy builds cash value as well as providing a death benefit. We will cover what the plan is, the benefits of the plan and possible drawbacks. The following article will focus primarily on the Gerber Grow-Up Plan. The Company offers insurance products that it calls “Family Life Insurance Policies.” ( 1) Gerber Life offers the following different types of life insurance plans: The Gerber Grow-Up Plan is offered through the Gerber Life Insurance Company, which is part of the Gerber Products Company.
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