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What You Should Know
- Gerber Life Grow-up Plan protection ranges from $5,000 to $50,000 in whole life insurance
- Gerber coverage builds cash value over time
- Insurees are guaranteed additional coverage as an adults
If you're looking to secure your children's future, you may want to consider Gerber Life Grow-up Plan. Gerber offers affordable life insurance for people of all ages, and the company offers a specialized plan that grows with kids. Depending on your needs, Gerber could be the best life insurance for you and the little ones in your family.
Don't feel like you have to commit to a life insurance plan and risk overpaying for coverage you don't need. Instead, shop around and compare life insurance quotes from different companies to find the cheapest rates.
You can use our free quote tool above to find and compare rates from the best life insurance companies in your area to get started.
Gerber Life Grow-up Plan Life Insurance: Rates, Discounts & Coverages
Gerber Life Grow-up Plan is a whole life insurance policy that grows with your kid -- as long as the premiums are paid.
The person who purchases the policy for the child will be the policyholder of the whole life insurance policy until the child reaches 21. At this time, they become the policyholder and are guaranteed protection, as long as they can keep up with the monthly costs.
When the kid turns 21, coverage doubles, yet, premiums stay the same. This offer is unique to Gerber Life.
The child may also purchase additional coverage through the Gerber Life Insurance Company. Neither your employment status nor your medical history will impact your ability to purchase this supplemental coverage.
If the child does not want to maintain coverage or want to shop around for other life insurance companies, the Gerber Life Grow-Up Plan cash out option can be used when they're old enough.
Cash value is earned with each payment made to the policy, and it is a little bit like a savings account as it is money that is set aside and builds value. The cash value of your Gerber Life policy never expires -- and neither does the policy.
You may be allowed to borrow against your Grow-Up Plan during a qualifying financial emergency. Keep in mind this is a loan and reduces the policy's coverage amount until that debt is paid. Generally, the policy loan interest is about 8 percent and could impact death benefits.
Shopping for Gerber Life Insurance Quotes
Consider comparing its other life insurance quotes as you shop around for Gerber's Grow-Up Plan. Gerber has plans for children under the age of 14 and those long in their golden years.
Keep reading to learn more about the Grow-Up Plan, Gerber term and whole life options, guaranteed life, and a list of their products.
Average Gerber Grow-Up Plan Life Insurance Rates by Age
Typical Gerber Grow-Up Plan and other life insurance rates will vary based on where you live and the age of the child compared to the coverage amount you want to buy. However, average Grow-Up Plan life insurance costs are typically under $30 per month for a child at any age.
Check out this average Gerber Grow-Up life insurance rates by age chart. Note: Guardians and parents can purchase Grow-Up Plan products for teens older than 14, and the Young Adult Plan is better suited for children than 13 and planning to go to college.
| Grow-Up Plan Coverage Amount | Age | Estimated Cost |
|---|---|---|
| $5,000-$10,000 (lowest) | Under the age of 1 | $3.70-$7.50 |
| $35,000-$50,000 (highest) | Under the age of 1 | $25-$35.50 |
| $5,000-$10,000 (lowest) | Under the age of 5 | $4.25-$9 |
| $35,000-$50,000 (highest) | Under the age of 5 | $28.50-$40.70 |
| $5,000-$10,000 (lowest) | Under the age of 15 | $6.25-$12.45 |
| $35,000-$50,000 (highest) | Under the age of 15 | $41.85-$60 |
Keep reading to learn more about other Gerber Life and its other life insurance products.
Gerber Life Insurance Policies
Gerber offers flexible plans outside of its life insurance policies for children, and it has life insurance policies for seniors, adults, and even students. Gerber markets itself as an affordable life insurance company that won't raise premiums.
Read about its other products and where to buy Gerber Life insurance.
Term Life Insurance
Term life insurance policies for adults help cover after-death expenses such as a mortgage or childcare costs.
Gerber's term life insurance rates start at $15.42 per month. Once you're given your rate, you're locked in for the entirety of your term.
A medical exam is required for anyone over the age of 51 that applies for coverage over $100,000.
Whole Life Insurance
Gerber's whole life insurance plan works the same as the Grow-Up Plan, only for adults. Coverage rates are fixed, and limits may be between $50,000 and $300,000.
Consider the differences between term and whole life insurance, which is better for your future?
How to Get a Quote Online with Gerber
The best way to get life insurance quotes in your area is always to remember your needs and the needs of your foreseeable future. Speaking with an agent about getting life insurance quotes wouldn't hurt either. Online tools help you compare auto insurance companies and policies faster than calling each one.
Learn more about the history of Gerber and then get an online quote for your Gerber Life Grow-Up Plan.
About Gerber Life Insurance
In 1867, Henri Nestlé -- yes, that one -- was a pharmacist seeking out the treatment for a child that wouldn't breastfeed. The food that Nestlé created would quickly sell across Europe. It was the birth of the first infant food company, Farine Lactée Henri Nestlé.
Several decades later, in 1927, Dorothy Gerber and her husband were straining solid foods for her 7-month-old daughter when they realized that their family canning business might be of some help. Gerber Products Company was created, and the parent company would spin off various others, including Gerber Life Insurance Company.
Nestlé would go on to acquire Gerber in 2007.
Gerber Life headquarters is in White Plains, New York. Additional information such as Gerber Life Grow-Up Plan reviews and the Gerber Life Grow-Up Plan phone number can be found online.
Gerber's Ratings
Gerber has an "A" (excellent) for its A.M. Best life insurance ratings in 2019. A.M. Best also awarded Gerber Life an "A" rating in 2020.
The rating refers to the company's overall financial status, and it is not a recommendation of the company's specific programs, rates, or practices.
Gerber Life Insurance: The Bottom Line
Whether you're looking for a life insurance policy for yourself or your child, Gerber Life Insurance Company has many options. If you want an accessible, flexible life insurance account your child can take over in the future, consider Gerber Life Grow-up Plan.
Gerber also offers affordable life insurance for people of all ages. But, it's always best to speak with an agent about policy specifics and what is best for your budget.
Use our free quote tool above to find and compare rates from the best life insurance companies in your area.
Frequently Asked Questions: Gerber Life Insurance
You can find Gerber Life Grow-Up Plan insurance FAQs and answers below. For all legal questions or specific questions about your policy, reach out to an advisor.
#1 – What kind of insurance does the Grow-Up Plan provide?
The Grow-Up Plan is a whole life insurance policy with a fixed rate.
#2 – What discounts does Gerber Life offer?
None. You may receive a discount at CVS for being a policyholder with Gerber Life.
#3 - What is the age limit for Gerber Life insurance policies?
Gerber Life insurance policies are available to seniors between 50 and 80 years old, adults 18 to 49, and children newborn to 18.