What’s the Best Way to Insure My Family?

Life Insurance – Father greeting his children

Life is unpredictable, and sometimes things don’t go as planned. As parents, you probably would feel better if you had a plan for the unexpected, just in case – something to give you peace of mind by knowing that your family is protected. That’s where family life insurance comes in.

So how can you make sure your family has the protection they need?

You may have heard of family life insurance policies that cover your entire household. The simplicity of having a one-size-fits-all plan may seem appealing. However, selecting an individual, customized policy from Gerber Life can help to better address your family’s specific needs.

Here’s how to get the peace of mind you’re looking for:

STEP 1: Secure coverage for you and your spouse.

Adult life insurance coverage should be an important part of your overall financial plan. Depending on the coverage amount you choose, your insurance policy can help replace lost income or help cover any debt or final expenses that could otherwise be a financial burden on your family.

You’ll also want to consider the type of policy that best suits your needs.

A Term Life Insurance policy lasts for a specified period of time, providing coverage when your family needs it most. A Whole Life Insurance policy never expires as long as premiums are paid, and it builds cash value over time - mainly because it generally costs more than Term Life Insurance.

STEP 2: Secure coverage for your children.

Your child will likely want life insurance coverage as an adult, so why not provide a head start with a policy that grows with your child?

Grow-Up® Plan builds cash value over time, and automatically doubles the coverage amount when your child is 18 – at no extra cost. For example, a $20,000 policy becomes a $40,000 policy but the premium won’t cost a penny more. Importantly, the policy never expires as long as premiums are paid, providing a lifetime of financial protection for your child. You also get the opportunity to lock in a lower premium rate while your child is young and healthy. That childhood rate will never increase during the life of the policy.

STEP 3: Help ensure that your other loved ones are covered.

Have you ever had a conversation with your parents or grandparents about life insurance? It may seem like a tough topic to discuss, but making sure your whole family is prepared for the unexpected is a smart move.

If you have family members between 50 and 80 years old, they may want to consider a Guaranteed Life Insurance policy. Their acceptance for this Gerber Life coverage is guaranteed, regardless of their health history, and with no medical exam. Applying is easy, and they can secure up to $25,000 of coverage to help ease the financial burden on their family for medical bills, burial costs or unpaid debt.

How do I know what’s right for me?

Based on your family needs, your child’s age, and other factors, we can help you determine which type of insurance coverage is best for you and your family. Although the simplicity of a single policy may be appealing, customized plans can provide each member of your family with the protection appropriate for their needs.

We invite you to call us toll-free at 1-800-704-2180 to get your quote today, and to take the first step toward securing the best coverage for your family.

Was this article helpful?
57% up
down 43%

You may also be interested in...

Designating a Beneficiary

What is a life insurance Beneficiary and how do you designate one? Read on to learn more about this crucial step in buying a policy.

How Much Life Insurance Do I Need?

This article can help you decide how much life insurance your family needs.