$500 Cash Instant Win Giveaway From Gerber - 100 Winners. Grand Prize $50,000. Ends 6/22/15. Limit one entry per day.
- PRIZE DESCRIPTION:
- Instant Win Game: (100) FIRST PRIZES: $500 awarded in the form of a check. ARV of each First Prize: $500.
- (1) GRAND PRIZE: The Grand Prize award recipient will receive a $50,000, 10-year term Gerber Life College Plan, which is an individual endowment insurance policy that matures ten (10) years from the date of issuance, issued by Gerber Life Insurance Company (the "Gerber Life College Plan") and a $20,125 cash award which may be used for any purpose, including the payment of any taxes that may be associated with award acceptance. Gerber Life Insurance Company (“Gerber Life”) will pay the premium for the awarded Gerber Life College Plan. The award is subject to the terms and conditions of the Gerber Life College Plan. The award recipient will be the "Insured" under the Gerber Life College Plan, as defined in the policy. The award recipient will designate the Gerber Life College Plan's Beneficiary, as defined in the policy. Approximate Retail Value (“ARV”) of Grand Prize at maturity is: $70,125. If the award recipient elects to cash in the policy prior to maturation, the cash value will be less than the $50,000 value of the policy at maturation.
