Gerber Life Insurance
Grow-Up® Product Brochure
Children’s Whole Life Insurance
Give your Children and Grandchildren a Meaningful Gift that Lasts a Lifetime with the Grow-Up® Plan
Coverage up to $50,000 with child-size premium rates
Not FDIC Insured | Not Bank Guaranteed | Not a Deposit or Other Bank Obligation
It is whole life insurance protection that builds cash value to help your child or grandchild prepare for the future. It has child-size premiums that never increase. You are the policy owner until the child reaches age 21, at which time the child becomes the policy owner.
Coverage grows as your child grows
Guaranteed future insurability for your child
Regardless of health, occupation or anything else, your child or grandchild has the guaranteed right to purchase extra insurance as an adult–continuing the valuable legacy of financial protection you started.
As an adult policy owner, your child will have up to four opportunities to buy additional insurance at ages 21, 25, 30, 35, 40, when he or she gets married or has a child. Each new policy can be up to the coverage amount in force at age 18. For example, a child with $50,000 of initial coverage will automatically receive double the coverage during age 18 and, by exercising the guaranteed options, will be able to purchase up to $400,000 of additional coverage as an adult.
Payment protection — just in case
The Grow-Up® Plan offers optional payment protection at an additional cost. The Payment Protection Option (PPO) Rider on the policy owner covers all premium payments if
the policy owner becomes totally disabled or dies before the child’s 21st birthday. The rider is available for purchase while the owner is between the ages of 18 through 50, and
completes a short application underwriting either approves or declines. In addition, the insured child must be no older than age 18 as of his or her last birthday.
You Can Depend on Gerber Life
• For more than 50 years, Gerber Life has been providing budget-friendly life insurance so that children and adults can have greater financial protection. Founded in 1967 by the Gerber Products Company, we share a
common heritage and values in caring for the millions of families who place their trust in us. Today, Gerber Life is a member of Western & Southern Financial Group, a worldwide industry leader in life insurance whose strength and stability fortify our $50 billion of life insurance in force. With Gerber Life, applying for a policy is easy and simple. You can count on us for insurance plans for the entire family that offer the reliability, flexibility and peace of mind you deserve.
• In January 2019, A.M. Best, the impartial reporting firm that rates insurance companies on financial stability, management skill and integrity, awarded Gerber
Life an “A” (Excellent) Rating.4
Childhood premiums that never increase
The best news is the Grow-Up® Plan is affordable. Your premium is guaranteed to never increase, even when the coverage doubles during the year your child or grandchild is age 18. Because premiums are based on your child or grandchild’s age when you apply, the sooner you apply, the lower the lifetime premium will be.
1 Sample rates shown are for healthy children. Other coverage amounts and premium rates are available. Making annual or automatic monthly payments from your bank account will lower the premium. Please ask us for benefit amounts and premium rates not shown. Benefit amounts are subject to Gerber Life insurance limits. Rates shown do not include PPO Rider.
2 This rating is the third highest awarded out of 13 possible categories. The rating refers to the overall financial status of the Company and is not a recommendation of the specific policy provisions, rates or practices of the Company.
The Policy is sent with a 30 day free look period. The policy can be cancelled within the first 30 days and premium payment will be refunded. Please refer to the policy for limitations and exclusions that may apply. A Buyer’s Guide to Life Insurance and a Policy Summary are sent with all policies. You can get them without applying for insurance by writing us. The following notice applies to applicants in the states of AZ, CA, CT, GA, IL, ME, MA, MN, MT, NJ, NV, NC, OH, OR and VA: To approve your insurance and service your policy, we may collect or disclose information about you, as permitted by law, which may include certain disclosures made without your prior authorization. You have the right to access and correct personal information that we have about you. You may also receive a detailed notice on Gerber Life’s Information Practices, upon request.
Additional information or a state-specific application is available. Policy Form Series ICC12-GPP and GPP-12.
Coverage and benefits are subject to Gerber Life insurance limits. Gerber Life Insurance is a trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company. Copyright ©2019 Gerber Life Insurance Company, White Plains, NY 10605.
I am James Sparkman. I am the founder and CEO of TermLife Mutual. I am afamily-oriented person. My wife and I have been married for over 20 years! We have 5 children. We have 2 set of twins and 1 middle child. Since joining the financial services industry in 2004, I have made it my focus to help individuals, families and business owners save money on life insurance costs, reduce taxes, protect assets, build wealth and eliminate debt. While I try to help everyone that I can, I particularly enjoy working with those that seek to enjoy the journey of life.
TermLife Mutual is a life insurance agency that primarily provides individuals, families, and business owners with Term Life insurance. While TermLife Mutual’s flagship product is Term Life insurance, we do have other insurance products and services. Our goals are to help insure America with quality life insurance.
We work with multiple life insurance companies however our primary partner is Haven Life who are wholly owned by MassMutual Life insurance company. MassMutual is an A+ rated life insurance company that has been around for over 160 years.
Most of life insurance industry is still catching up with the times of internet and technology. Most life insurance is still sold thru a life insurance agent. At TermLife Mutual, we have partnered up with one of most up-to-date technology to allow our clients to purchase life insurance without the need for agent nor medical exams (no needles). This is our strong point that separates us from most life insurance agencies. We have platform that you can complete a quick application in less than 10 minutes without the need for agent. Our partners at
has the technology and secure site for quotes and applications for our products and services. Amazingly this technology was developed by Levinson and Associates, who are leading the way in advancing life insurance products. Once you decide on the amount of your term life insurance, you can simply click for quote, scroll down until you see the LIFE icon, receive quote and then move forward with a simple application. We welcome you to the family of TermLife Mutual!