As you may know, the best time to purchase life insurance is when you are young, in good health and have dependents. At this stage of your life, you’ll often be able to lock-in low premiums for the duration of your policy.
For various reasons however, a fair number of people won’t purchase life insurance in this “sweet spot.” Even if individuals don’t buy life insurance in this ideal window, many will still seek to obtain policies later in life. Due to this, you might wonder if it is too late (or too early) to get life insurance whenever it is that you begin to consider buying it.
Find out the answer to this common question below:
At Gerber Life, we strive to be the name that parents trust to help protect their families. We’re therefore always looking for feedback about how we’re doing from customers who own our life insurance policies. So what better way to receive a response from individuals and families than to ask them directly?
The following life insurance testimonials video provides insights about how our customers view Gerber Life and our different kinds of insurance. Enjoy watching this sneak preview of “Why I Love Gerber Life” and then check back on Tuesday, June 9th for the full-length video!
Like snowflakes, no two premiums are exactly alike.
Your life insurance premium won’t be the same as your sister’s premium, and both will be different from your mother’s premium. Since premiums are dependent on a number of factors associated with the insured, they will be different for just about everyone. Of course, most people want to avoid a high life insurance premium if possible, but many probably aren’t sure what is factored in to determine their monthly payment.
If you are someone that has wondered about this, wonder no more. Here are some factors that may lead to a high life insurance premium:
As a parent, you protect your children in many different ways. Protecting them is so natural that it becomes second nature. Most parents agree that ensuring the safety and security of their children is a top priority.
One important way to help protect a your child, if you’re not doing so already, is with the Gerber Life Grow-Up® Plan¹. It’s a whole life insurance policy for children that they later could keep as adults for up to a lifetime, as long as premiums are paid, and at the same child-sized premium rate.
We occasionally use this blog to answer some of the frequently asked questions that we receive, because we want to provide you with simple and straightforward information about life insurance. One question that we often receive goes something like this: “Why do I need life insurance if I don’t have children?”
Here are a few scenarios where you might want to have life insurance even if you don’t have children: