Saving for College

Baby in cap and gown holding parents’ hands

How to Save for College

There's more than one way to set money aside for your child's education. Different methods provide different benefits. The choice you make depends upon what's important to you.

Learn More

Gerber Life Insurance College Plan FAQs

For more information, check out some of the most frequently asked questions on the pages below. For even more information on life insurance, our friendly representatives are ready to answer any questions that you might have.

What is the rate of return?

The rate of return varies depending upon your specific policy, its duration, and your billing frequency. For further details about your specific policy's rate of return, please call us at 866-503-4487.

What happens if I stop paying? How much would I get?

The amount you'd get back depends on when you stop paying and surrender your policy. If you are past your policy's midway point (for a 10-year policy, the midpoint is about five years), you would get back all of the money you paid in.

What about taxes?

The Gerber Life Insurance College Plan will generate some taxable income, Gerber Life Insurance will send you a statement (Form 1099) to file with your taxes.

View All FAQs