<a href="http://freecouponsdaily.net/">CLICK HERE TO SAVE UP TO 50% WITH Gerber Coupons Printable 2013</a>
Gerber Coupons Printable 2013 - Printable Gerber Coupons Printable 2013 Codes:

Many people believe that life insurance is simply to provide compensation in the case of a financial hardship following a death. While this is the most common reason people do take out a life insurance policy, a whole life policy bought for children can actually become an investment over the years. Gerber Life Insurance provides you the opportunity to plan for your child's future. The following will give you insight into what this plan has to offer.

1. The Gerber Grow Up Plan is a whole life policy which is considerably different than the more common term policy. Whole life is simply what it says. It means that you are covered throughout your entire life span. These policies tend to have higher premiums, but have an investment component which could prove to be beneficial for your child later in life. (Please be aware that these policies must be started by a parent or grandparent.) Policies are available in $5,000, $10,000, $15,000, $20,000, $25,000, and $30,000 increments. Most parents choose to start at the lowest amount and increase as the child grows up if it appears necessary.

2. Premiums are based on your child's age, sex, and the state you reside in. Please be aware that you can only buy this policy up until the child is fourteen. They will never change and your coverage is automatically doubled on your child's eighteenth birthday. When your child becomes an adult they are eligible to purchase up to ten times the original amount regardless of their health status or occupation.

3. After premiums have been paid for 25 years the cash out value will be amount to at least 100% of the premiums paid, if not more.

4. As long as the policy remains paid up it cannot be canceled regardless of any change in health status or other situation. This means that if you have any fear of your child developing a condition later in life that would prevent him or her from obtaining an insurance policy as an adult, this would be a great safety net that would ensure they always had life insurance.

5. Taking in to account the fact that the cash value continues to grow and it can be cashed out after twenty five years for at least the amount paid in, your child could then turn the policy into cash. This could assist them in covering a debt, putting a down payment on a home, or various other options. They could also, if they choose, blow the money on a frivolous item but because the policy reverts to them at the age of 21 you will technically have no say in how they spend it. If you do not want this to occur you must make a notation on the application that the policy is irrevocable and not to be transferred to the child in any event.



Article Source: http://EzineArticles.com/7812483

<a href="http://freecouponsdaily.net/">CLICK HERE TO SAVE UP TO 50% WITH Gerber Coupons Printable 2013 </a>