Gerber Life Offers Insurance Programs for Children of all Ages

The Gerber Life Insurance Company has been offering quality life insurance programs for children since the company’s inception in 1967. The primary goal of the company is to provide young families on a limited budget an affordable solution to life insurance for their children. Growing families want a brand they can rely on and trust. The Company aims to be the name families trust for financial security and protection. Gerber provides quality juvenile life insurance programs throughout Canada, Puerto Rico and the United States. The Gerber Life Insurance Company offers reliable and affordable life insurance policies to cover every stage of life. The life insurance programs for children include:

The College Plan

This endowment policy offers life insurance protection and a guaranteed growth plan. The life of the policy is determined at the time of purchase. The policy life for this plan is typically anywhere between 15 and 20 years. You simply select a monthly premium rate within your budget and allow the policy to mature. When the policy reaches maturity, it can be cashed in for a guaranteed benefit payment totaling anywhere from $ 10,000 to $ 150,000, depending upon the specific plan. In the event that the unthinkable happens before the maturity date of the policy, you will be paid the full benefit amount.

The Grow-Up Plan

This whole life insurance policy doubles during the lifetime of your child. You can start your child with a whole life insurance policy with a benefit amount between $ 5,000 and $ 50,000. When your child reaches the age of 18, the policy doubles without increasing premium amounts. Your child can keep this policy into adulthood and is allowed to increase the benefit amount at a standard rate, regardless of current health conditions or occupational hazards. During your child’s lifetime, he or she may develop health conditions that would limit their ability to obtain life insurance elsewhere as an adult. If you purchased the Grow-Up Plan for them as a child, they can still maintain a quality life insurance policy at a standard rate.

The Term Life Plan

Gerber’s term life insurance allows you to receive coverage for a specified amount of years at a fixed premium amount. Adults between the ages of 18 and 70 can receive term life insurance coverage according to their specific needs and budgets. Policies range from $ 25,000 to $ 150,000 at a fixed rate premium for the term of the policy. Specific terms may run anywhere from 10 to 30 years, depending upon the policy plan selected. During the term of the policy, premium rates are guaranteed not to increase and the benefit amount does not decrease. While an initial medical exam may or may not be required upon purchase of the original policy, renewal of the plan is guaranteed with no physical exam required.

The Whole Life Plan

Gerber’s whole life insurance plan offers a permanent life insurance policy at a fixed rate. Policies range in coverage from $ 25,000 to $ 150,000 with monthly premiums guaranteed to never increase. The whole life insurance policy offered by Gerber isn’t just life