Life insurance rates are determined by such factors as health, length of term and coverage amount. However, an applicant’s age has the biggest influence on the annual premium he or she will pay. Insurance rates go up as a person ages, making coverage more affordable for healthy individuals under age 50 than for older adults nearing or in retirement.
Insurance for Families
Things to consider when choosing life insurance
With the many options available for family life insurance you may need someone to help you understand the different choices and terminology. Gerber Life takes the guesswork out of family life insurance with articles that answer such questions as, "How does life insurance work?" and "How do I get life insurance?" Whether you're looking for a policy for an infant, child, adult or senior, we've got you covered when it comes to answering your questions about life insurance.
One of the joys of being a child is living “in the moment,” and one of the joys of parenting is watching their kids enjoy life’s moments. Parents also know that keeping an eye on the future and giving their kids a financial head start also comes with the job.
The Gerber Life Grow-Up® Plan1 is one way to accomplish that goal. Here’s a look why:
Life insurance rates are not “one-size-fits-all.” According to the New York Department of Financial Services, an assortment of factors can affect how much money will be paid for coverage. For example, a $500,000, 30-year Term Life policy could cost much less for a healthy, non-smoking 20-year-old than the same policy would cost for a 50-year-old smoker or someone who participates in high-risk sports.
Whole Life insurance is one of the most popular kinds of life insurance. Unlike Term Life insurance, which covers only a pre-selected number of years, Whole Life insurance provides coverage for your entire life, regardless of how long you live.
Whether your existing life insurance policy no longer meets your needs or you are planning to purchase a policy for the first time, you may be wondering, “How much does life insurance cost?” Insurance premiums are determined by a number of factors that either increase or decrease your overall risk to the insurer.