What Are Some Benefits of the Gerber Life College Plan?


Quick Answer

The Gerber Life College Plan offers stable growth, adult life insurance coverage and the flexibility of using the money for college or other expenses. Customers have the freedom of determining the value and waiting period when signing up for the plan.

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Full Answer

Unlike with other plans, plan holders can use the payout money of the Gerber Life College Plan for college expenses. The value of the plan grows over time, and it is not affected by activities in the stock market. Clients can choose any period between 10 to 20 years when they want to receive their payouts. The plan also allows holders to plan for the unknown since the full benefits are given to the beneficiary in case of unexpected death.

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