We’ve done the research and the Gerber Life Insurance Company is one of the best guaranteed acceptance life insurance carriers available. Is the Gerber Life one of the top life insurance companies for you? Let’s find out and learn about the advantages and disadvantages of their guaranteed issue life insurance product.
Gerber Life is frequently known for their life insurance plans for children, but Gerber also sells small whole and term life insurance policies for grownups. Gerber Life is one of the biggest national insurers.
Gerber’s Guaranteed Issue Life Insurance is a final expense life insurance policy. It provides shoppers with final expense coverage for an affordable premium. Let’s look at some of the specifics.
These expenses can add up quickly. Keeping an extra set of cash on hand can reduce the strain on your loved ones.
Sadly, Social Security only offers $255 for death benefits. There are alternative choices available, though.
Let’s start out with some rates, because everyone wants to know how much coverage will cost.
Gerber Guaranteed Issue Life Insurance pricing samples below are based on Lifetime coverage with a Level Benefit. Samples are based on male Monthly Rates. Rates are subject to change and should be used for comparison only
| Age | $10,000 | $15,000 | $25,000 |
|---|---|---|---|
| 50 | $44.09 | $65.68 | $108.85 |
| 60 | $63.89 | $95.38 | $158.35 |
| 70 | $247.32 | $148.32 | $246.58 |
| 80 | $111.08 | $370.52 | $616.91 |
Will Gerber or some other company like Aetna, AARP, or Americo get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…
Use our online instant calculator to compare rates from dozens of the top companies.
Total Time Needed: 5 minutes Total Cost: 0 USDFill out the basics about what you’re wanting, how much coverage, for how long, etc. That way we can understand your situation before we can help you. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you.
Step 3 : Get help from a licensed agentOnce you’ve filled out the calculator, one of our licensed agents will provide you all your options and plan out who will provide you the best rate based on your specific health and goals. All of the recommendations will be based off of the details you provide. It’s very important that you're honest and answer your agent's questions accurately.
Step 4 : Compare realistic ratesThis is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. There are literally hundreds of companies and thousands of policy options available. We'll make sure you get the best one based on what you'll qualify for.
There are many life insurance types for shoppers to choose from and a Guaranteed Issue life insurance policy is one of them. Gerber’s Guaranteed Issue Life insurance is designed for people between 50 and 80 years old who haven’t received approval for regular life insurance coverage.
Policyholders can select a life insurance payout amount that ranges between $5,000 and $25,000.
Looking for other options? Read more about $25000 term life insurance and see if it’s a better fit for your situation.
The coverage that Gerber’s Guaranteed Issue Life Insurance provides is whole life insurance. Assuming the premium is paid, the policy’s coverage won’t ever expire. Included in these policies is a cash value component that lets the holder accumulate tax-deferred savings. The holder can access this cash through a withdrawal or loan if needed.
Be mindful that, if the insured passes away, any cash value with a balance that remains unpaid will be subtracted from the death benefit.
Federal income tax doesn’t have to be paid on the death benefit obtained by the beneficiary. Therefore, your beneficiary can use the whole death benefit amount to pay off debt, final expenses, or other fees as needed.
