Do you have children? Have you ever considered purchasing child life insurance? In the world of increasingly sophisticated and diverse insurance and financial vehicles, the Gerber Life Insurance Company is offering an excellent child life insurance plan called the Grow-Up Plan®. With this plan, Gerber Life offers affordable, industry-leading child life insurance that will help provide families with a more secure financial future.
The Grow-Up Plan is designed for children from 14 days old to 12 years old. It is a whole life policy with low premiums that builds cash value over time. Here are som
e of the main features of the Gerber child life plan:
- Low premiums with high coverage
- Coverage automatically doubles at age 21
- Cash value builds
- Availability of additional insurance guaranteed
You can start a child with a $5,000 - $35,000 whole life policy, which will double when the child reaches age 21, though the premium payments will remain the same. Thus, the child is essentially getting twice the coverage for the same low cost. This is a significant benefit. Also, after 20 years of consistently paying the plan premiums, you will have build up a cash value that is equal to or greater than 100% of the premiums you have paid.
If you’ve never thought of child life insurance, I suggest you strongly consider it. The Gerber Life child insurance Grow-Up Plan is one of the best available.
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I think Gerber does offer a good program for life insurance for children.
In addition to gerber, Globe Life offers a plan that you can start for just $1. Globe Life is rated "A+" Superior b y A.M. best Company for financial strength.
Also, Globe Life has been providing affordable children's life insurance since 1964. It may be a good idea to compare plans before making a choice.
Posted by: Life Insurance for Children | April 9, 2008 7:44 AM | Permalink to Comment