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Gerber Grow Up Question

Lee Posted:

Gerber Grow Up Question

I know we discussed this some time ago, but I have a question. Can someone tell me if I have this right?

At age 21 the policy can either be converted for the 'Automatic Age 21 Amount' of Life Insurance, or Cashed out, correct? Is the cash out amount just the amount of premiums you have put in? Doesn't seem like much savings...can someone explain to me? I'm terrible with insurance things
MNJSPLUS2 Posted:

Re: Gerber Grow Up Question

I can't really explain it to you but I can tell my lawyer told me not to get involved with it. He said it would be better to open a savings account at a bank. He said the benefits are better.

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