Gerber Life Update
Important Changes to the Gerber Life
The National Association of Insurance Commissioners (NAIC) has adopted the 2017 Commissioners Standard Ordinary (2017 CSO) mortality tables. Life insurance policies are required to use the updated 2017 CSO Mortality Tables by January 1, 2020. Additionally Guaranteed Life Issue policies will continue to use the 2001 CSO Mortality Tables. As a result the following changes will be made:
- Grow-Up® Plan and Young Adult Grow-Up® Transitions to the 2017 CSO Mortality Tables
All Grow-Up® Plan and Young Adult Grow-Up® policies issued and paid for on November 20, 2019 or thereafter, will be based on the 2017 CSO Mortality Tables in all states.
- Guaranteed Life Transitions to the 2001 CSO Mortality Tables
All Gerber Life Guaranteed Life policies issued and paid for on November 20, 2019 or thereafter will be based on the 2001 CSO Mortality Tables in all states.
Premiums for all products will stay the same.