Gerber Life Insurance For Kids
Gerber Life Insurance For Kids
You are considering purchasing life insurance for your child or grandchildren. It’s a great start! You’re going toward choosing wisely for the family. Having enough money is usually the first thing that comes to mind when thinking about your kids’ welfare.
Gerber Life Insurance for Kids is a reliable choice for life insurance, which is one solution to provide a secure cash base. Let’s learn more about the things to consider before submitting an application for insurance.
What Is Gerber Child Life Insurance?
You can purchase a whole life insurance policy for a child or grandchild between the ages of 14 days and 14 years old through child life insurance, similar to the Grow-Up Plan. Though it is named child life insurance, the coverage is guaranteed to endure forever (as long as premiums are paid), and ownership of the policy passes from parent or grandparent to child in the year of the child’s 21st birthday.
Certain insurers offer the opportunity to add a child rider to your own term life policy. This is not a feature that Gerber Life provides, and you should be aware that the rider usually ends at the conclusion of your policy term, so your child would have to get their own insurance when they become an adult.
what does child life insurance cover?
Families might benefit from child life insurance by having financial stability and assistance in covering unexpected expenses in the event of a young family member’s death. No family likes to consider that, but it would make an already trying moment much more difficult for the parents if they were unable to pay for last-minute fees, bills, family counseling, or lost work time.
The same childhood premium rate that never increases will apply to your child’s augmented coverage. Additionally, this whole life insurance policy has a cash value benefit, which allows your child to take out a loan in the event of an emergency or surrender the policy for the accrued cash value. The cash value benefit is a portion of each monthly payment that is set aside.
How to Apply for a Life Insurance Policy for Your Child
Your child can have entire life insurance through the Gerber Life Grow-Up Plan. Depending on your child’s age, you can purchase coverage for $5,000 to $50,000 at affordable premiums.
Features of the Grow-Up Plan include:
- coverage meant for the “whole life” of the child
- A beneficiary payout that is assured (as long as premiums are paid)
- A low rate of childhood premium lock-in
- Insurance that doubles when your child turns eighteen
- A growing cash worth over time
- An existing coverage in case your child loses their insurance in the future
- Numerous chances for your child to enhance coverage upon reaching adulthood
How to Buy Your Child Life Insurance
- Obtain a free quote.
Simply respond to four questions to receive a free quote right away. If you like what you see, you may use our simple and quick online application process to apply for the Grow-Up® Plan right now.
- Apply by phone or online.
It’s simple to obtain the Grow-Up® Plan. You only need to provide a few brief answers about yourself, your child, and your grandchild to be finished. They will notify you as soon as your application is accepted when it is submitted. Over 75% of applications are accepted in a matter of seconds
- Make your first payment
Make an online payment now with a credit or debit card or your bank or savings account. By enrolling in EasyPay, you can have your payments taken automatically from your checking or savings account each month, saving you up to 10% on your premiums.
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