As we age, our insurance needs change. Because of this, life insurance policies exist for every stage of life, from infancy to adulthood to elderly. What stage is your family in? To help you decide, here’s a look at what Gerber Life Insurance provides:
For children: Insurance that grows up with your child
Whole life insurance can help your family guard against life’s worst-case scenario and protect your child as an adult, for up to a lifetime. The Gerber Life Grow-Up® Plan¹ offers protection and peace of mind in a single affordable package, including child-size premium rates that never increase during the life of the policy.
For young families or for a fixed period of time: Term life insurance
Young families have many expenses and are often at the beginning of their careers, and therefore may need life insurance options that work well with a tight budget. Term life insurance – which is for a specific period of time or “term,” such as 10 or 20 years, and less expensive than whole life insurance, which builds cash value and can last a lifetime – can be a great choice. It provides young families with the security of life insurance and affordable life insurance options.
For the long haul: Whole life insurance
Whole life insurance is life insurance that can last a lifetime, as long as premiums are paid. Whole life insurance accumulates cash value over time, and can be more expensive than term life insurance. However, the younger you are when you buy a whole life policy, the less expensive your monthly premium will be – important to remember, because your policy will not be cancelled as long as premiums are paid.
For seniors: Guaranteed whole life insurance
If you waited until age 50 to buy a life insurance policy, or if you let your life insurance policy lapse, you can still get coverage and without any health questions asked, thanks to guaranteed whole life insurance. The Gerber Life Guaranteed Life Policy² is designed for people aged 50 to 80 who want whole life insurance to help protect their family and to help cover their final expenses. The Gerber Guaranteed Life Policy accumulates cash value and has guaranteed acceptance – you don’t even have to take a medical exam.
¹ Policy Form ICC12-GPP, Policy Form Series GPP-12
² Policy Form ICC12-GWLP, Policy Form Series GWLP-12