When you think of life insurance, what probably comes to mind is financial protection for your family. In addition, did you know that whole life insurance policies include features that can protect your financial life in other ways? One of them is cash value.
Here’s how: After you buy a Whole Life insurance policy and each time you make a premium payment, the insurance company automatically puts aside a small portion, which grows over time. This is the policy’s accumulated cash value.
So how can you use the cash value in your policy? Here are a few typical ways:
If you need yet another reason to get started today, consider this:
Once you buy a whole life insurance policy from Gerber Life, you’ll be covered for life as long as your premiums are paid. Your monthly premium will never increase, so you can feel confident knowing that you have financial protection at a price you choose to fit your budget.
You can apply for coverage ranging from $50,000 to $300,000, whether online or by phone. The application process is simple, and a medical exam is not required for adults aged 18 to 50 and who apply for up to $100,000 of coverage. Coverage is dependent on answers to health questions. When you apply, you will need to answer several questions about your health, and your medical history may be taken into consideration.
We’re happy to answer any questions you may have and to match you with a custom policy that works best for your family’s needs – just give us a call at 1-800-425-7542 today.
*Policy loan interest rate 8%
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We understand you want to give your child every advantage. The Grow-Up® Plan is a simple, budget-minded way to start for children ages 14 days to 14 years. For as little as $1 a week, you can give your child a lifetime of life insurance protection with plans starting at $5,000. Your decision today will help your child be better equipped for adult responsibilities tomorrow.