Gerber Life Insurance: Adult Options For Coverage

Gerber Life Insurance offers a range of plans for both children and adults, catering to different needs and budgets. For adults, the company provides various life insurance options, including whole life insurance, guaranteed life insurance, and term life insurance. The whole life insurance plan is available to adults aged 18 to 80, while the guaranteed life insurance plan is designed for those aged 50 and above. The term life insurance plan is also a popular choice for adults, offering flexible coverage and affordable rates. Additionally, Gerber Life Insurance offers accident protection insurance and a college plan that combines adult life insurance with savings for higher education.

Gerber Life Insurance for adults 50-80 years old

Gerber Life Insurance offers a Guaranteed Life Insurance plan for adults aged 50 to 80 years old (up to 75 years old for New York residents). This whole life insurance policy does not require a medical exam or health questionnaire to be completed. Acceptance is guaranteed regardless of health history.

The policy offers coverage from $5,000 to $25,000, with premiums starting at 59 cents per day. The monthly premium is discounted for those paying via automatic monthly payments from their checking or savings account. The policy builds cash value over time, which can be borrowed against if needed. The policy loan interest rate is 8%.

To apply for the Gerber Life Guaranteed Life Insurance plan, applicants need to answer four easy questions to get a free quote. After choosing a coverage amount and completing a few more questions, applicants can apply online or by phone. The first payment is then made, and coverage begins as soon as the application is approved and the payment is processed.

Gerber Life Insurance has been protecting families since 1967 and has an "A" (excellent) rating from the independent reporting firm, A.M. Best.

Gerber's Guaranteed Life Insurance plan

Benefits of Gerber's Guaranteed Life Insurance Plan:

• Guaranteed Acceptance: Your acceptance is guaranteed regardless of health if you are 50 years or older. There are no medical exams or lengthy health questionnaires to complete.
• Financial Protection: The policy provides valuable whole life insurance protection to help cover final expenses, including medical bills, burial costs, and unpaid debt. It helps protect your family from the financial burden of these expenses.
• Coverage Options: You can choose from a range of coverage amounts between $5,000 and $25,000 to suit your needs and budget.
• Stable Premiums: The amount you pay when your coverage begins will remain the same throughout the duration of your policy. Your premiums will only change if you decide to increase your coverage or the frequency of your payments.
• Cash Value: As a whole life insurance policy, your policy builds cash value over time. After the initial policy years, a portion of each premium you pay is set aside as the cash value, which can be borrowed against if needed. The longer you own the policy, the more cash value it accumulates.
• Easy Application: The application process is simple and can be completed online or by phone. You only need to answer a few easy questions to get a free quote immediately.
• Customizable: Gerber offers flexible coverage options to fit your unique needs and budget.

Gerber Life Insurance College Plan

Gerber Life Insurance offers a College Plan that combines adult life insurance protection with a savings plan for your child's college education. This plan provides a safe, secure, and easy way to help pay for college, with both guaranteed growth and adult life insurance.

The Gerber Life Insurance College Plan is an individual endowment policy that provides adult life insurance coverage for parents for a specified period of time chosen by the policyholder – between 10 and 20 years. At the end of that term, you will receive a guaranteed payout for your child. You can use the money to cover your child's college expenses or anything else that your child needs on their path to financial independence.

The plan offers flexibility in the use of the payout money. Your child could use it to pay for tuition, start a business, or even for a down payment on a home. This differs from a 529 Plan or an educational IRA, which have restrictions on how the money can be used.

The College Plan also provides peace of mind, as it guarantees a payout to your child or other beneficiaries in the unfortunate event that something happens to you before the policy matures.

The money in the College Plan policy will grow over time, with each premium payment. When all premium payments have been made and the coverage term comes to a close, you will receive a guaranteed payout of between $10,000 and $150,000. This payout can help your child avoid the rising debt that many young people take on after high school or college.

The Gerber Life Insurance College Plan is a great option for parents or grandparents looking to secure their child's future, both in terms of financial security and life insurance protection.

Gerber's Term Life Insurance plan

Gerber Life Insurance offers a Term Life Insurance plan for adults aged 18-70 years. This plan provides flexible adult life insurance that is more affordable than Whole Life Insurance. The rates for this plan start at $15.42 per month and are locked for the entire term. The coverage amount can be chosen by the customer, ranging from $100,000 to $300,000, depending on their needs and budget. The application process is simple and easy, with most applicants receiving a decision within about a minute. Moreover, there is no medical exam required in most cases.

The period of coverage, or the "Term," can be tailored to the customer's needs, with options of 10, 20, or 30 years. This allows customers to have coverage when they need it the most. The Gerber Life Term Life Insurance plan is highly recommended by customers, with flexible coverage options and premiums that can be tailored to meet individual budgets.

In addition to the Term Life Insurance plan, Gerber Life Insurance also offers a Guaranteed Life Insurance plan for adults aged 50 and above. This plan provides whole life insurance protection to help cover final expenses such as medical bills, burial costs, and unpaid debt. Acceptance into this plan is guaranteed regardless of health, and there are no medical exams or lengthy health questionnaires required. The policy also builds cash value over time, which can be borrowed against if needed.

Gerber Life Insurance also offers a College Plan, which combines adult life insurance protection with a safe and secure way to help pay for college. This plan provides financial flexibility, as the payout money can be used for anything, not just college expenses.

Gerber's Whole Life Insurance plan

The Whole Life Insurance plan is a great option for those looking for lifelong financial protection and security for their loved ones. It offers a simple application process, flexible coverage amounts, and the ability to build cash value over time. Additionally, the locked-in premium rates provide predictability and ease in budgeting for the future.

Frequently asked questions