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Unique Life Insurance Perks
Aug 14, 2025
What Senior Citizens Should Consider When Choosing a Life Insurance Provider
Aug 14, 2025
View RatesPolicy Type: Whole Life Insurance
Eligibility Age: 14 days to 14 years
Coverage Amounts: $5,000 to $50,000
Premiums: Fixed for the life of the policy as long as premiums are paid
Coverage Doubling: Automatically doubles during the year the child turns 18
Cash Value: Accumulates over time
Ownership Transfer: Policy ownership transfers to the insured at age 21
Application Process: Online, phone, or mail
The Gerber Life Grow-Up® Plan is a whole life insurance policy specifically designed for children. It offers lifelong coverage, ensuring that the child remains insured into adulthood, regardless of future health conditions. The policy not only provides a death benefit but also accumulates cash value over time, which can be borrowed against or surrendered for cash. A standout feature is the automatic doubling of the coverage amount during the year the child turns 18, without an increase in premium. This plan is particularly beneficial for parents and grandparents looking to secure their child's financial future and insurability.
The Gerber Life Grow-Up® Plan is suitable for:
Parents, grandparents, or legal guardians seeking to provide lifelong insurance coverage for a child.
Individuals aiming to lock in low premium rates based on the child's young age.
Those interested in a policy that builds cash value over time.
| Feature | Description |
|---|---|
| Fixed Premiums | Premiums remain the same throughout the life of the policy. As long as premiums are paid. |
| Coverage Doubling | Coverage amount automatically doubles during the year the child turns 18. |
| Cash Value Accumulation | Policy builds cash value over time, which can be borrowed against. |
| Ownership Transfer | Policy ownership transfers to the insured at age 21. |
| Flexible Application Methods | Apply online, by phone, or via mail. |
The Gerber Life Grow-Up® Plan offers coverage amounts ranging from $5,000 to $50,000. Premiums are determined based on the child's age at the time of application and remain fixed for the life of the policy. The policy accumulates cash value over time, which can be accessed through policy loans or by surrendering the policy. It's important to note that loans and withdrawals may reduce the death benefit and cash value.
Get a Quote: Visit the Gerber Life website and provide basic information to receive a free quote.
Choose Coverage: Select the desired coverage amount based on your needs and budget.
Complete Application: Fill out the application online, by phone, or request a paper application by mail.
Submit Application: Provide necessary information about the child and the policy owner.
Approval Process: Gerber Life reviews the application, and most policies are issued within a few days.
As of now, Gerber Life does not offer a dedicated mobile application. However, policyholders can manage their policies through the Gerber Life eService portal on their website, which allows for premium payments, updating personal information, and viewing policy details.
Gerber Life Insurance Company has been providing life insurance products for over 50 years and is a subsidiary of Western & Southern Financial Group, a financially strong and reputable organization. The company is not FDIC insured, as it's not a bank, but it is licensed to operate in all 50 states and the District of Columbia. Policyholders can feel confident in the company's stability and commitment to providing reliable insurance products.
Contact Information:
Customer Service Phone: 1-800-704-2180
Application Inquiries: 1-800-704-3331
Email: Available through the contact form on the Gerber Life website.
Mailing Address: Gerber Life Insurance Company, 445 State Street, Fremont, MI 49412
Hours of Operation:
Monday to Friday: 8 a.m. to 7 p.m. ET
Saturday: 9 a.m. to 5 p.m. ET
Gerber Life also offers a Rapid Response Line at 1-800-285-7706, available 24/7 for self-service options.
Q: What happens to the policy when the child turns 21?
A: Ownership of the policy automatically transfers to the insured child at age 21, allowing them to continue the policy, take loans against the cash value, or surrender it for the cash value.
Q: Can I increase the coverage amount after purchasing the policy?
A: Yes, the insured has opportunities to purchase additional coverage as an adult, up to 10 times the original amount, regardless of health status.
Q: Is a medical exam required for the application?
A: No, the application process typically does not require a medical exam, making it straightforward and accessible.
The Gerber Life Grow-Up® Plan provides a unique opportunity to secure lifelong insurance coverage for a child at a young age, with the added benefits of fixed premiums, cash value accumulation, and automatic coverage doubling at age 18. While the maximum initial coverage is limited, the plan offers peace of mind and financial security for families looking to invest in their child's future.
This review was created using information from the Gerber Life Insurance Company's official website, product brochures, and customer service resources. All information has been validated and substantiated to ensure accuracy and compliance.
Having explored the features and benefits of this product, you might be curious about how it stacks up against its competitors. We encourage you to visit our comprehensive comparison chart for a broader perspective. This chart offers a detailed juxtaposition of this product with other leading brands, highlighting differences in features, pricing, and customer ratings. It’s an invaluable resource for contrasting your options and making an informed decision that best suits your needs. Don’t miss out – take a moment now to view our comparison chart and see how your chosen product compares in the wider market.
AI was used in the creation of this content, along with human validation and proofreading.
