should i get the gerber grow up plan? and if so can u explain to me what it is?

Answer 1

It's a life insurance plan that builds cash value. I got it for my son not only so that he can have a little cushion, but because god forbid he develops any medical problems, he could be turned down or end up paying outrageous premiums when and if he decides to get life insurance. Once you have the insurance for them, they can't be turned away for any reason. The policy automatically doubles in value when they reach 21 (if you get a $25K policy, it will double to $50K). In their ad's, I believe they only say up to $20K, but once they have your application, they offer you the extra $5k. After 21, they have the option of getting additional insurance up to $200K for themselves.
It's the best money spent... and if you pay the premiums once a year instead of paying them monthly, they deduct one months premium each year. For the maximum value you could buy, the monthly premium is $15.92... (if you get it before they are 1 year of age)... but if you either do automatic withdrawal, or pay the yearly charge in one payment, you only pay for 11 months and get 12. Do it, do it, do it... don't let people tell you it's morbid.

Answer 2

That would be a good idea to get. I can't explain it fully...but you can go to gerber.com (maybe type in the search thing "grow up plan") and I think you can have them send you info. on it through the mail.

Answer 3

it's basically just life insurance for your children
I would join upromise instead (or you could do both) but upromise helps save for your child's college without you even noticing.

check it out:
http://www.upromise.com

also go here, it explains the other side of gerber life insurance:
http://money.cnn.com/2005/09/27/pf/kids_insurance_0510/

Answer 4

https://www.gerberlife.com/gl/view/guide_products/growup/growup_faq.jsp