Nashville Firm Announces Class Action Against Gerber Life Insurance - Articles

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Posted by: Stacey Shrader Joslin on Dec 3, 2024

The Nashville law firm of Stranch, Jennings & Garvey PLLC has announced that its suit against Gerber Life Insurance Company has been granted national class action certification. The suit, which alleges the company used deceptive naming and marketing to push its Grow-Up Plan and College Plan, seeks damages for all individuals who purchased plans dating back to April 2014. Specifically, the suit alleges that the company lead parents and grandparents to believe the plans were affordable ways to build a nest egg for their child or grandchild, but really locked consumers into a guaranteed loss, only providing any net value if the child died. According to the firm, the entire class includes over two million people who paid Gerber more than $700 million in premiums.