Term life insurance provides protection for a specific period of time, also known as a “term.” Gerber Life offers Term Life Insurance for 10, 15, 20 and 30 year terms.
What happens at the end of the term?
At the end of the term, you have two options: choose to end the policy agreement or renew your term life insurance policy. A term life insurance policy can be renewed at the premium rate for your age at the time of renewal, without a physical exam.
Will my premiums increase each year?
With the Gerber Life Term Life Insurance Plan, the amount you agree to pay when coverage begins is the amount you’ll pay throughout the duration of your policy. Your premiums will never increase.
We understand you want to give your child every advantage. The Grow-Up® Plan is a simple, budget-minded way to start for children ages 14 days to 14 years. For as little as $1 a week, you can give your child a lifetime of life insurance protection with plans starting at $5,000. Your decision today will help your child be better equipped for adult responsibilities tomorrow.