Gerber Life Grow-Up Plan Insurance Review [2024]
Unlock the door to informed insurance decisions as we delve into an insightful exploration of the Gerber Life Grow-Up Plan, dissecting its features, benefits, and the unique aspects that set it apart in the realm of child life insurance.
Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
UPDATED: Apr 23, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Gerber Life Grow-Up
Average Monthly Rate For Good Drivers
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LowPros
- Trusted brand in the baby industry
- Coverage doubles automatically when the child turns 18
- Cash value accumulation
- No medical exam required
- Payment waiver add-on included
Cons
- Prices can be higher compared to competitors
- Cash value accumulation might not be as substantial as expected
- Other companies may offer better rates
- The Gerber Grow-Up plan offers coverage from $5,000 to $50,000 for children up to age 14
- Coverage automatically doubles at age 18
- Your child can buy additional coverage between the ages of 21 and 40, or when they get married or have a child
- The Grow-Up plan is more expensive than some other options
When you want to protect your loved ones from financial hardship after your death, life insurance is one of your best options. The right plan can help pay for funeral expenses, loss of income, medical costs, unpaid debt, and anything else your family needs. It’s easy to see why an adult would need a life insurance plan, but what about babies?
It might not necessarily be the best option for insurance coverage for your baby, but it is one of the best known. Gerber is a trusted brand in all things baby, so why wouldn’t its life insurance be a great product?
The truth is Gerber does offer a good life insurance policy for babies, but it might not be the best choice. Gerber Grow-Up plan reviews tend to be positive, but other companies might have better rates.
If you’re considering the Gerber Life Grow-Up plan for your child, comparing quotes with other life insurance companies can save you money. Enter your ZIP code into our free tool if you want to see what quotes might look like for you.
What You Should Know About Gerber Life Grow-Up
The Gerber Life Grow-Up plan is whole life insurance for babies and children under 14. You can buy plans for between $5,000 and $50,000. Gerber promises that your rates will never increase, and the coverage never decreases. As whole life insurance, this plan will insure your child for the rest of their lives.
One of the best advantages of the Grow-Up plan is that your child’s coverage doubles when they turn 18. You won’t pay higher monthly rates for this – it automatically happens. If you buy $25,000 of coverage, the plan doubles to $50,000 when your child turns 18.
While parents are the most common purchasers of children’s life insurance, grandparents can gift the Gerber Grow-Up plan without permission. As a whole life policy, the Grow-Up plan accumulates a cash value. There are no restrictions on what a Gerber Life Grow-Up plan cash can be spent on.
You can purchase the Grow-Up plan in any state, and prices are the same for girls and boys (except in Florida and California). Your child does not have to take a medical exam to qualify, meaning you can give them insurance coverage for the rest of their lives no matter what health conditions they might develop as adults.
An additional benefit with Gerber is that they include a payment waiver add-on to the policy for no additional charge. If the person paying for the policy dies or becomes disabled, Gerber will waive the payments on the policy until the child reaches age 21.
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Can your child buy more insurance later?
When your child comes of age, they take over the policy as the owner. Gerber gives them the opportunity to purchase more coverage at specific times. The coverage is guaranteed-approval, meaning it doesn’t matter what pre-existing conditions they have — they can always purchase more coverage. Your child will be eligible to purchase more coverage during these times:
- Age 21
- Age 25
- Age 30
- Age 35
- Age 40
- Upon getting married
- When they have their own children
Of course, buying more coverage will increase the premium, but it’s always good to know you can buy more without worrying about being denied.
Does a child need life insurance?
Since life insurance is typically bought to protect a spouse or partner from financial hardship after losing an income, it might seem confusing why a child would need a policy. Truthfully, most babies don’t need life insurance. Most babies grow up healthy, so parents don’t need life insurance coverage.
As far as savings plans go, there are better options than the cash value of a whole life plan. One of the biggest benefits of getting your child a life insurance policy is that they’ll have access to coverage for the rest of their life.
Buying a plan at a young age gives you the best prices possible. Since there are no medical examinations necessary at any point with Gerber, it doesn’t matter what your child’s health condition is. Up until age 40, they’re guaranteed the ability to purchase more coverage.
Gerber Life Grow-Up Insurance Coverage Options
Securing your child’s financial future is a priority for every parent, and the Gerber Life Grow-Up Plan Insurance offers a comprehensive solution designed specifically for children. With a range of coverage options and unique features, this plan goes beyond traditional insurance to provide a foundation for lifelong financial security.
- Whole Life Insurance for Children: The Gerber Life Grow-Up Plan provides whole life insurance coverage for babies and children under 14 years old.
- Coverage Amounts: Parents can choose coverage amounts ranging from $5,000 to $50,000 for their child.
- Rate Guarantee: Gerber promises that the rates for the Grow-Up Plan will never increase, providing parents with predictable and stable premiums.
- Lifetime Coverage: As a whole life insurance plan, the Gerber Grow-Up Plan ensures coverage for the child for the rest of their life, providing long-term financial protection.
- Automatic Coverage Doubling: One unique feature is that the coverage automatically doubles when the child turns 18, without an increase in monthly premiums. For example, if you initially purchase $25,000 of coverage, it doubles to $50,000 at age 18.
- Cash Value Accumulation: The policy accumulates a cash value over time, providing a savings component that can be accessed by the child in the future.
- No Medical Exam: Children do not have to undergo a medical examination to qualify for the Gerber Life Grow-Up Plan, making it easier for parents to secure coverage for their child.
- Grandparent Gifting: Grandparents can gift the Gerber Grow-Up Plan to their grandchildren without requiring permission from the parents.
- Payment Waiver Add-On: Gerber includes a payment waiver add-on to the policy at no additional charge. If the person paying for the policy dies or becomes disabled, Gerber will waive the payments on the policy until the child reaches age 21.
- Opportunity for Additional Coverage: When the child comes of age, they can take over the policy and have the opportunity to purchase more coverage at specific times, with guaranteed approval regardless of pre-existing conditions.
With coverage options tailored to the unique needs of children, including automatic doubling of coverage at age 18 and the accumulation of a cash value, this plan offers more than just peace of mind—it provides a lasting financial resource for your child.
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Gerber Life Grow-Up Insurance Rates Breakdown
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| Driver Profile | Gerber Life Grow-Up Plan | National Average |
|---|---|---|
| Clean Record | $130 | $119 |
| 1+ Ticket | $159 | $147 |
| 1+ Accident | $180 | $173 |
| DUI | $215 | $209 |
| Poor Credit | $224 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
As far as insurance for children goes, Gerber can be more expensive than comparable plans. Part of the reason for the expense is that your coverage doubles when your child turns 18. Below, you can get an idea of how much Gerber charges for insurance.
| Age | $20,000 Gerber coverage | $40,000 Gerber coverage |
|---|---|---|
| <1 | $13.06 | $25.12 |
| 1 | $12.58 | $26.08 |
| 2 | $14.00 | $26.92 |
| 3 | $14.45 | $27.73 |
| 4 | $14.91 | $28.65 |
| 5 | $15.36 | $29.61 |
| 6 | $15.86 | $30.47 |
| 7 | $16.37 | $31.54 |
| 8 | $16.94 | $32.55 |
| 9 | $17.51 | $33.70 |
| 10 | $18.10 | $34.80 |
| 11 | $18.75 | $36.10 |
| 12 | $19.40 | $37.32 |
| 13 | $20.09 | $38.71 |
| 14 | $20.77 | $39.97 |
Compared to competitors, Gerber tends to be higher. If you’re interested in life insurance for children, you should also consider Mutual of Omaha. Mutual of Omaha offers similar coverage for a cheaper cost.
Find Gerber Life Insurance Rates That Work for You
Life insurance can be an investment in your child’s future and one that you’ll pay into for a long time. It’s integral to find the right plan for your needs. The Gerber Grow-Up plan might be the best choice for your child if you’re interested in life insurance coverage for them.
If you’re interested in the Gerber Life Grow-Up plan, you should start by shopping around to find the best rates possible. If you’re ready to see what quotes might look like for you, enter your ZIP code into our free tool today.
Gerber Life Grow-Up Discounts Available
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| Discount | Gerber Life Grow-Up Plan |
|---|---|
| Anti Theft | 18% |
| Good Student | 15% |
| Low Mileage | 20% |
| Paperless | 5% |
| Safe Driver | 20% |
| Senior Driver | 10% |
When it comes to securing your child’s future, the Gerber Life Grow-Up Plan Insurance goes above and beyond by not only offering comprehensive coverage but also providing valuable discounts.
These discounts are designed to support families in safeguarding their children’s financial well-being. In this overview, we’ll delve into the various discounts offered by Gerber Life, ensuring that you have a clear understanding of how you can maximize savings while ensuring a bright and secure future for your little ones.
- Multi-Child Discount: Families with more than one child covered under the Gerber Life Grow-Up Plan may be eligible for a multi-child discount, providing savings for parents with multiple children.
- Good Health Discount: Gerber Life recognizes and rewards families with children in good health. Maintaining a healthy lifestyle for your child may result in a discounted premium rate.
- Grandparent Gifting: While not a traditional discount, the ability for grandparents to gift the Gerber Grow-Up Plan to their grandchildren without requiring permission from the parents is a unique feature that can be advantageous for families.
- Payment Waiver Add-On: While not a discount in the traditional sense, the inclusion of a payment waiver add-on at no additional charge can be considered a valuable benefit. In the event of the person paying for the policy passing away or becoming disabled, Gerber waives the payments on the policy until the child reaches age 21.
- Opportunity for Additional Coverage: Although not a discount, the Gerber Life Grow-Up Plan provides an opportunity for the child to purchase more coverage at specific times when they come of age, ensuring continued financial protection with guaranteed approval.
Gerber Life Grow-Up Plan Insurance stands out not only for its robust coverage options but also for the thoughtful discounts that make it an even more attractive choice for families. Whether it’s multi-child discounts, rewards for maintaining good health, or the unique benefit of grandparent gifting, Gerber Life is committed to making financial security accessible.
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How Gerber Life Grow-Up Ranks Among Providers
Gerber Life Grow-Up Plan Insurance has made a mark with its comprehensive coverage and unique features. However, the landscape of life insurance is vast, with several notable competitors vying to provide families with reliable and tailored solutions.
- Mutual of Omaha: Mutual of Omaha is a well-established insurance company known for its various insurance products, including life insurance. They may offer similar coverage options for children with competitive rates.
- New York Life: New York Life is one of the largest and oldest mutual life insurance companies in the United States. They provide a range of life insurance products, and their reputation for financial stability makes them a notable competitor.
- State Farm: State Farm is a widely recognized insurance provider that offers life insurance products. They are known for their extensive network of agents and may be considered a competitor in the family insurance market.
- Prudential: Prudential is a global financial services company that offers a variety of insurance products, including life insurance. Their diverse range of offerings may position them as a competitor in the life insurance sector.
- Allstate: Allstate, primarily known for its auto and home insurance, also provides life insurance options. Their range of insurance products makes them a potential competitor for families seeking comprehensive coverage.
- Pacific Life: Pacific Life is a life insurance company that offers a variety of life insurance and annuity products. They may compete with Gerber Life in the broader life insurance market.
As you navigate the diverse landscape of life insurance for children, exploring the offerings of Gerber Life’s competitors opens up a spectrum of possibilities. Each competitor brings its own set of strengths, whether it’s the extensive network of agents, a legacy of financial stability, or a wide range of insurance products.
Whether you choose Gerber Life or one of its competitors, the ultimate goal is to secure a brighter and more secure future for your child.
Gerber Life Grow-Up Plan Insurance Claims Process
Ease of Filing a Claim
Gerber Life Grow-Up Plan Insurance understands the importance of a streamlined claims process, offering multiple convenient channels for filing claims. Whether you prefer the efficiency of online submissions, the personal touch of phone assistance, or the flexibility of mobile apps, Gerber Life ensures that the claims process aligns with the diverse preferences of its policyholders.
Average Claim Processing Time
The efficiency of an insurance provider is often reflected in the speed of claim processing. Gerber Life is committed to prompt service, striving to minimize the time it takes to process claims. Policyholders can expect a transparent and efficient claims processing system, ensuring that necessary funds are disbursed in a timely manner during critical moments.
Customer Feedback on Claim Resolutions and Payouts
The true test of an insurance company’s reliability lies in the experiences of its customers during the claims process. Insights into customer feedback provide valuable perspectives on the effectiveness of Gerber Life’s claim resolutions and the timeliness of payouts.
Examining customer testimonials and reviews can offer a real-world understanding of how Gerber Life fulfills its commitment to policyholders during challenging times.
Gerber Life Grow-Up Plan Insurance Digital and Technological Features
Mobile App Features and Functionality
Gerber Life recognizes the increasing importance of mobile accessibility in today’s digital age. The company’s mobile app is designed with user-friendly features, allowing policyholders to manage their accounts, track policy details, and even initiate claims seamlessly.
The app may offer additional functionalities such as policy updates, premium payment tracking, and notifications, enhancing the overall customer experience.
Online Account Management Capabilities
Efficient online account management is a cornerstone of modern insurance services. Gerber Life provides policyholders with a robust online portal, allowing them to access and manage their accounts with ease.
From viewing policy details to updating personal information, the online account management capabilities empower users to take control of their insurance journey conveniently from the comfort of their homes.
Digital Tools and Resources
In a digitally-driven era, insurance providers are integrating various tools and resources to enhance customer engagement and education. Gerber Life may offer digital tools such as calculators, educational resources, and interactive guides to help policyholders make informed decisions about their coverage.
Exploring the digital landscape of Gerber Life reveals the commitment to providing not just insurance but a comprehensive and digitally-enabled insurance experience.
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Gerber Life Insurance Reviews
Gerber is a trusted name in products for babies. Gerber insurance has a reputation for strong customer service. Customers enjoy how easy it is to set up a Gerber plan and manage their accounts. A simple call to the Gerber Life Grow-Up plan phone number will set you up with everything you need to know. You can also sign up online.
However, some customers were surprised by the cash value accumulation that comes with this plan. As stated before, there are better options to start a savings fund for children. One of the main complaints about Gerber life is that parents were disappointed with the amount of money available.
Another common complaint is that prices are more expensive than those of competitors. As for professional ratings, Gerber earns an A in financial security from A.M. Best and an A+ from the Better Business Bureau (though it is not a BBB-accredited business). They also have a low complaint index with the NAIC of 1.56.
Frequently Asked Questions
What is the Gerber Life Grow-Up Plan?
The Gerber Life Grow-Up Plan is a whole life insurance policy designed for children under the age of 14. It provides coverage that lasts a lifetime, with benefits that include automatic coverage doubling at age 18 and the accumulation of a cash value.
How much coverage can I purchase for my child?
Parents can choose coverage amounts ranging from $5,000 to $50,000 for their child with the Gerber Life Grow-Up Plan, providing flexibility to meet individual family needs.
How does the automatic coverage doubling at age 18 work?
When your child turns 18, the coverage amount automatically doubles without an increase in monthly premiums. For example, if you initially purchased $25,000 of coverage, it becomes $50,000 at age 18.
Are there any discounts available for the Gerber Life Grow-Up Plan?
Gerber Life may offer multi-child discounts for families with more than one child covered under the plan. Additionally, good health discounts may be available, rewarding families with children in good health.
Can grandparents purchase the Grow-Up Plan for their grandchildren?
Yes, grandparents can gift the Gerber Grow-Up Plan to their grandchildren without requiring permission from the parents, providing a thoughtful and lasting financial gift.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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