Gerber Grow up Plan

Updated on December 15, 2010
T.O. asks from Dayton, OR
5 answers

I am wondering if anyone has started the Gerber Grow Up plan for their children? I received some information in the mail and liked that the policy is worth something when the kids get older which they can use for college or something else. Though, I am also a "If it sounds too good to be true, it probably is" person. I am just curious what your thoughts are on it.


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answers from Pittsburgh on

You're right. Bad idea. You'll never get out of it what you put into it. Start a 529 plan for your child. Much smarter! :-)



answers from Dallas on

We did not go with the Gerber Grow Up Plan and instead got separate Life Insurance and a 529 plan that also gains value. The life insurance policy we got is cheaper than Gerber and depending on which state you get your 529, the returns could be better. With a 529 you don't have to get one that is in your state, you can get one in any state, and when we did our research Utah and Virginia had the best returns and the lowest penalties for taking money out early. I would talk to your life insurance agent and see which is better for you. The Gerber plan may work for you or getting life insurance and a 529 may get you a bigger return on your investment.


answers from Seattle on

I guess I'm not very smart according to the answers below. I have bought Gerber life policies for all 4 of my girls. It is very inexpensive if you buy before their first birthday. I figured they don't need more than the base plan of, what is it - $10K? $15K? because I only need their funeral expenses paid for. I figured the cash value when they turn 21 could be socked into a new account, but perhaps I am naive in thinking that.

Anyway, whether it was a smart move or not, I'm happy with the company and my experience with them over the last 8 years.



answers from Portland on

I can't seem to update my question. Let me clarify, I already have a 529 set up, just wondering if this would be good additional coverage.



answers from St. Cloud on

Rip off!

Just add a child rider to YOUR life insurance policy. It is MUCH better to just purchase TERM insurance.

The companies make a TON of money on "whole life" policies. Most push them saying they build cash va;ue. However you have to "borrow" that money if you choose to use some of that cash buildup. WHY WOULD YOU HAVE TO "BORROW" YOUR OWN MONEY!!!???? Not a good deal for you! That's why!

Next question: Gerber Insurance That Great?