Child life insurance rider:Adding a child life insurance rider to your existing Gerber Life term life insurance policy will provide life insurance coverage for your child for the duration of your policy. Guaranteed insurability rider:The Gerber Life Grow-Up Plan includes a guaranteed insurability ride...
On the other hand, whole life insurance is a permanent life insurance policy that provides coverage for the entirety of the insured’s life. These policies have a cash value component that accumulates over time as the insured pays premiums. The cash value grows tax-deferred and can serve as ...