The Gerber Life Grow-Up® Plan gives parents and grandparents a way to provide the gift of guaranteed life insurance protection to children from 14 days to 14 years old while helping to build a strong financial foundation. Premiums are designed to be budget-friendly. And, unlike many other competitors, coverage doubles in value during age 18 without any increase in premiums.
Gerber Guaranteed Purchase Option
The insured child, as an adult policy owner, has four opportunities to buy additional insurance at certain ages and life events without proof of insurability. Each new policy can be up to the coverage amount in force during age 18, after the policy doubles. The opportunities to buy additional insurance through the Guaranteed Purchase Option can happen at four of these age and life events: Age 21, 25, 30, 35, and 40, getting married or having a child (by birth or adoption). For example, if the Guaranteed Purchase Option is exercised four times, a child with $100,000 of existing coverage during age 18 (after the coverage doubles), has the opportunity to buy up to $400,000 of additional insurance as an adult. For more information book a appointment today to speak with one a licensed agents.
Deborah DeLynn Wilson Insurance Independent Insurance Agent.
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