![]() ![]() The lawsuit’s complaint concerning the Gerber Life College Plan alleges that the plan “Is not a college savings plan but an endowment life insurance policy in disguise.” The lawsuit claims that the guaranteed payout is small compared with the total contributions and that the “plan payout is guaranteed only when the policy reaches maturity, if all plan premiums have been paid.” The lawsuit’s complaint concerning the Gerber Grow Up Plan alleges that Gerber Life Insurance Company misrepresents a life insurance policy as a savings plan and as a “good financial start.” But, the complaint alleges that the plan “is not a savings plan” but is “actually a life insurance policy” that “when accounting for inflation, operates at a loss for consumers.” According to the complaint, the surrender value at age 20 is less than the total of the premiums paid. The lawsuit refers to the Gerber Life Insurance Company’s consumer insurance products as “the financial equivalent of junk food” and asserts that they are “risky plans that provide little if any value.” The lawsuit also alleges that the plans “lock consumers into a guaranteed loss at best and total loss of their investment at worst.” The lawsuit, which seeks a jury trial, alleges that the two plans are deceptively named and marketed, misrepresenting the functioning and features of the plans. This site is best viewed using current versions of Firefox, Chrome, Safari or Microsoft Internet Explorer.A class action lawsuit has been filed against Gerber Life Insurance Company concerning the Gerber Grow Up Plan and the Gerber Life College Plan. (Please request reasonable accommodations a minimum of two business days in advance.) Relay Texas: 1-80 (TDD) and 1-80 (Voice) or 711 Auxiliary Aids and Services are available upon request to individuals with disabilities. Workforce Solutions is an Equal Opportunity Employer/Program. Auxiliary aids and services are available upon request to individuals with disabilities. To begin downloading the lesson plans and worksheets, click on the link below.įor more information about When I Grow Up and other resources that Workforce Solutions offers for educators, Solutions is an equal opportunity employer/program. ![]() The lesson plans are TEKS-aligned and designed to be flexible so you can customize them to suit your instructional needs. ![]() The curriculum can be used in conjunction with your school's career day or done in the classroom. Workforce Solutions is proud to make the "When I Grow Up" workforce education curriculum available to you AT NO CHARGE. ![]() TEKS-aligned career education lessons for elementary, middle and high schools in the Houston-Galveston region. ![]()
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