Important coverage for those age 50 to 75
No one wants to be a financial burden on those they love. But, unless
you make preparations, your family could be faced with an unexpected
funeral bill of more than $7,000.* That’s why Gerber Life developed
the Guaranteed Life Burial Expense plan. It makes it easy for you
to obtain life insurance to help cover your burial expenses—and more.
Guaranteed protection with guaranteed acceptance
If you are 50 or older, you know that getting life insurance can be difficult. But, it doesn’t have to be!
If you are between the ages of 50 and 75, you can obtain $10,000, $7,000, $5,000, or $3,000 in guaranteed cash benefits insurance from Gerber Life. We guarantee your acceptance—regardless of your health! And your spouse (now age 50 to 75) can get up to $10,000 in guaranteed benefit protection, too.
Builds cash value
The Burial Expense plan gives you the added benefit of building cash value as it matures. It’s a living benefit you can borrow against or cash in later in life. Interest on any loan is 8% per year.
Exclusions and graded death benefits—limited benefits for the first two years
Our guarantee to accept all applicants, age 50 to 75 is made possible by a Graded Death Benefit Limitation. It is the first 2 years of coverage. The benefit payment for death due to illness during that period is a full refund of all premiums paid PLUS 10%. You may qualify for a full death benefit policy that provides full benefits from inception. The benefit payment for death due to accident during the first two-year period is the full face amount.
After the two-year Graded Period, the FULL benefit amount is paid for any covered cause. In the event of suicide during the first two years of coverage (1 year in CO, MO and ND), benefits are limited to the return of premiums paid.
Check rates
The Gerber Life Burial Expense plan is valuable protection that is budget-priced. See for yourself. Rates quoted are based on applicant's tobacco use and assumed good health. Other rates are available.
Remember, it costs nothing to apply and you have 30 days to review the policy before the first premium is due!
*Federal Trade Commission. "Funerals: A Consumer Guide." June 2000, Adjusted using the Bureau of Labor Statistics CPI for 2005.
In the following states, FL, MO, NJ, OR, SC, WV, our Guaranteed Life policy is only available by phone at 1-800-704-2180. This policy is not available in AR, MA, MN, PA, WA, Northwest Territories, Nunavut, Quebec and Yukon.
