Guaranteed Life Insurance vs. Other Insurance Types

Interested in learning more about life insurance, but not sure where to start?

Guess what? You’re not alone.

That’s why we’re here to help you understand your options and find a policy that makes sense for you and your family.

First, let’s clear up the confusion. There are a few main types of life insurance you’ve probably heard about:

Term Life Insurance covers you and your family for a specified period of time, or “term”. Many people choose this policy if they want coverage while they have a mortgage, or until small children are grown.  The policy terminates when the “term” ends (in 10, 20 or 30 years).

Whole Life Insurance covers you for your “whole life”, meaning it has no term limits and as an added bonus, it can build cash value.

Both Term and Whole Life insurance policies require some medical information to qualify.

Guaranteed Life Insurance – is a whole life insurance policy you’re guaranteed to qualify for if you’re between the ages of 50 and 80. No medical questions or exam needed.

You may be wondering if Guaranteed Life is the way to go, and if you’re a senior (or aged 50+ so not yet a senior), it’s a great option for more reasons than one.

It’s easy to apply and there is no uncertainty involved—coverage is guaranteed. No medical exam is required, and the only condition for a Guaranteed Life Insurance policy owner is that you are between 50 and 80 years old.* That’s it!

With Gerber Life’s Guaranteed Life Insurance Plan, you can choose from a variety of coverage amounts, ranging from $5,000 to $25,000.**

Even better: Your premiums will never increase. The amount you pay once coverage begins is the exact amount you’ll pay throughout the duration of your policy, period. Unless you decide to increase your coverage or modify your payment plan, you’ll never have any unpleasant surprises.

Not only will Gerber Life’s Guaranteed Life Insurance give you a choice of coverage amounts, it’s an investment in the future and in yourself.Like all whole life plans, Guaranteed Life builds “cash value”, which is money set aside by Gerber Life. The longer you own the policy, the more cash value grows.  You can access the cash value if it’s ever necessary or you can let your cash value grow.

If you have any questions, we are happy to help. Call 1-866-503-4481 today and let us help you find a policy that gives you the peace of mind you need.

* Our guarantee to accept all applicants age 50 to 80 is made possible by a Graded Death Benefit, which applies to the first two years of coverage. If death occurs within the first two policy years for any reason other than an accident, all premiums plus 10% interest shall be paid to the beneficiary.  If death is due to accidental causes within the first two policy years, the full death benefit shall be paid.

**In SD Coverage available from $5,000 - $15,000