Saving for College

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How to Save for College

There's more than one way to set money aside for your child's education. Different methods provide different benefits. The choice you make depends upon what's important to you.

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Gerber Life Insurance College Plan FAQs

For more information, check out some of the most frequently asked questions on the pages below. For even more information on life insurance, our friendly representatives are ready to answer any questions that you might have.

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What is the rate of return?

The rate of return varies depending upon your specific policy, its duration, and your billing frequency. For further details about your specific policy's rate of return, please call us at 866-503-4487.

What happens if I stop paying? How much would I get?

The amount you'd get back depends on when you stop paying and surrender your policy. If you are past your policy's midway point (for a 10-year policy, the midpoint is about five years), you would get back all of the money you paid in.

What about taxes?

The Gerber Life Insurance College Plan will generate some taxable income, Gerber Life Insurance will send you a statement (Form 1099) to file with your taxes.

Life Insurance Terminology

View All Life Insurance Terms

Life insurance doesn’t have to be confusing. Our life insurance glossary makes it easier to understand.

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Gerber Life Grow-Up^® Plan Quote

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Term Life Insurance Quote

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Whole Life Insurance Quote

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Guaranteed Life Insurance Quote

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Gerber Life Insurance College Plan Quote

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