5 Things You Should Know About the Gerber Life Insurance College Plan
Attending college and building a prosperous career are goals you may have for your child. But helping them get there can be expensive, with tuition costs continually rising. That’s why it’s important to have some sort of child education plan in place to help. This is where the Gerber Life Insurance College Plan comes in.
"It’s not just a college plan for your child — it’s also adult life insurance for you."
1. What Is the Gerber Life Insurance College Plan?
The Gerber Life Insurance College Plan lets you plan for the future. As long as premiums are paid and there are no outstanding loans against the policy, you could receive from $10,000 up to $150,000, when your plan reaches maturity. You can use the money paid at maturity for your child’s education or for anything else. You’re not restricted to use the money for education only. And the best part is that it’s not just a college plan for your child — it’s also adult life insurance for you.
"If something happens to you, the policy will be paid out to your beneficiary."
2. The Gerber Life Insurance College Plan is a Secure and Reliable Option
You can get this Gerber Life Insurance College Plan when your child is just a baby, giving you plenty of time to put money away for their education. The coverage amount you choose is exactly what you can expect your child to receive later on, (assuming premiums are paid) without being impacted by the ups and downs of the economy. Plus, if something happens to you before the maturity date, the plan will be paid out in full to your child as beneficiary, and they will still have money they can use toward their education. Although there are many types of education plans, the Gerber Life Insurance College Plan offers standout benefits now and in the future.
"The Gerber Life Insurance College Plan allows you to use the money for anything."
3. Pay for Tuition, Books and Much More
The Gerber Life Insurance College Plan allows you to use the money for anything. If your child decides not to go to college, they can use the money to start a business, toward a wedding or toward a down payment on a house. You can use the money for anything — without penalty.
"Your child can better realize his or her potential."
4. Financial Security Can Increase Graduation Rate
With a solid financial plan, your child can better realize his or her potential. In fact, based on a study from the Center for Social Development at Washington University in St. Louis, a lower- or middle-income child with as little as $500 in savings will be four times more likely to graduate from college.1 With the Gerber Life Insurance College Plan, however, you could have up to $150,000 for college costs, as long as premiums are paid.
5. It’s Actually Designed to Be Affordable
The sooner you get the Gerber Life Insurance College Plan, the more time you’ll have to accumulate money for college and the lower your monthly premium will be. You could pay less than $2 a day to help give your child a bright future.
A versatile plan can give your child the confidence to aim high. Call for your free quote: 1-800-704-2180.
1Clayton, Katy; Backstrom, Brian, State-Sponsored Child Investment Accounts Helping Parents Save for College, Helping Students Avoid Loan Debt, Rockefeller Institute of Government, December 2021.
