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What is Permanent Life Insurance?

Whole life insurance – Father playing with baby

As you may already realize, there are different options to consider when it comes to protecting your family’s future.

You may have heard about permanent life insurance, also known as Whole Life insurance. This type of policy protects your family for the future by providing a financial safety net should you pass away. It offers coverage that lasts for your whole life, not just for a specified period of time.

Let’s look at the benefits of a permanent life insurance plan:

Fixed Premiums – one thing in your life that you can actually predict!

The financial world changes rapidly, and it can be hard to keep up. A permanent life insurance policy from Gerber Life helps you stay ahead of the game. You can lock in a premium rate today that won’t change for the duration of your policy, for as long as your premiums are paid. So, 50 years from now, you’ll still pay the rate you secure today.

Cash Value – for times when you need a back-up plan

Permanent life insurance policies build cash value. What is cash value? It’s money that the insurance company sets aside for you each time you pay your monthly premium – a little amount each month, which accumulates over time. This means that the longer you have a Whole Life insurance policy with Gerber Life, the more cash value that your policy has.

So how does that help you?
Should you have a need for emergency cash, you could borrow against the cash value of your policy to help provide for your family when times are tough – it’s like a small financial safety net. Or, you might decide to turn in the policy for the available cash value.

Lower cost at younger ages – because you should be rewarded for thinking ahead

If you’re in your 20s or 30s, you may think that you don’t need life insurance. Actually, it’s never too early to begin planning for your future! If you apply while you’re young and healthy rather than when you’re older, you’ll be able to lock in a more affordable premium rate for the life of the policy. That’s because rates are based on your age when the policy starts.

Peace of Mind – with lifelong financial protection

Your permanent life policy will never expire for as long as your premiums are paid. The sooner you apply, the sooner your family will have financial protection, and the faster your policy will begin building cash value. Knowing that your family is financially protected makes it easier to enjoy the moments that matter.

If you have questions, please call us at 1-800-704-2180. We’ll be happy to answer your questions and help you find the right policy for your family and budget.

*Policy loan interest rate is 8%.

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