You may be shopping for yourself or perhaps you’re helping a loved one explore life insurance options. The First 2 Policy Years – Graded Death Benefit. It’s a smart option for those wanting to stay one step ahead of costly final expenses. Our application is easy and can be completed entirely online for your convenience. If you’re between 50 and 80 years old, your life insurance acceptance is guaranteed with this policy, regardless of your health history.1 There are no medical exams to complete or lengthy health questionnaires to fill out. Currently, Gerber has assets under management of more than $2 billion with the majority of the company’s portfolio in high-quality investments. Pro Tip: Since this is just a sampling and is subject to change, the most affordable plan for you can be discovered by comparing guaranteed issue life insurance rates using the free quoter on this page. While the company is known for this, they are also a premier provider of life insurance products. This might come in handy if hard financial times hit one month and you cannot pay your premium. And if you have any questions along the way, our dedicated customer service representatives are happy to help. No matter what, there is no one-size-fits-all policy on the market, even for high-risk candidates. Cons of Gerber Guaranteed Issue Life Insurance. Gerber is a great option for life insurance so there are very few drawbacks when choosing Gerber Life Insurance. The only time your premiums may change is if you decide to increase coverage or the frequency of your payments. With the Gerber Life’s Guaranteed Life policy, if death occurs in the first two years your beneficiary will receive all premiums paid plus 10%. All rates shown include a $1.00 policy fee and a discount for ACH payment. You can apply online (or by phone) in minutes for a lifetime of coverage — and your acceptance is guaranteed. Getting the best price.. Gerber Life Insurance sells directly to the public. Regardless of Your Health, You Can’t Be Turned Down If you are a US Citizen or permanent legal resident between the ages of 50 to 80 you can choose a guaranteed cash benefit of $5,000 to $25,000. Your acceptance is guaranteed regardless of your heath. Gerber Life has term, whole, and guaranteed life insurance options for adults, children, and seniors. This entry was posted in Companies. Burial insurance for seniors – Gerber guaranteed issue life insurance is available for ages 50 to 80. All content on this site has been written by life insurance experts & licensed life insurance agents. Guaranteed issue insurance through Gerber is a great plan, with competitive rates. Speak with an experienced advisor! Gerber is a financially strong insurer so you should feel safe applying for coverage if this Gerber product is best for your needs . The Gerber Life Guaranteed Life Insurance is whole life insurance for adults between 50 and 80 years old. However, guaranteed issue life insurance generally offers low death benefit options with higher than normal premiums. The policies can build cash value. Gerber Life provides a wide range of Guaranteed Life Insurance coverage amounts, from $5,000 to $25,000*. There are also term and whole life policies for adults, though the death benefits are quite small, with a maximum of $300,000. There are many advantages to choosing Gerber for guaranteed acceptance life insurance. The entire application takes place over the phone with an independent agent who is appointed with Gerber and licensed in your state. Application Process: Using an independent agency or directly through the carrier. Without talking to you, though, we are unable to say if Gerber Guaranteed Life is the right carrier and product for you. This means that Gerber is financially strong and able to meet the needs of its customers when claims are filed. We represent over 30 life insurance companies & transact business in every state. As a whole life insurance policy, a portion of each premium you pay is set aside as the cash value of your policy. After the two year period ends, the full benefit amount of your policy is paid. Gerber Guaranteed Issue Life Insurance. Important featu… This is the 3rd best rating available and far superior to many carriers that also feature guaranteed issue products. Our Gerber Life College Plan representatives can help you choose the best way to plan for college. Is Gerber Guaranteed Life Insurance is Right for You? 646-866-6990. Their unique products include the Grow-Up Plan, which provides whole life insurance for children. Please contact us for personalized service today! This includes final expense insurance. What really sets it apart is that it’s backed by an excellent life insurance carrier with a strong balance sheet and reputable brand name. Gerber Life is known for their competitive pricing, although they are little more expensive than other guaranteed acceptance plans. Your premiums will never increase, so you can budget for what’s ahead with that in mind. They have an “A” rating with A.M Best. Guaranteed Life Insurance from Gerber Life is a whole life insurance policy for adults between 50 and 80 years old. The Graded Death Benefit of a policy is a period of time when the death benefit paid is restricted If death occurs from natural causes (not accidental) during your policy’s first two years. For example, a $250,000, 20-year term life insurance policy for a woman in her 60s costs, on average, $908 per year. Today, Gerber Life is licensed to sell life insurance throughout the United States, Canada, and Puerto Rico. Gerber Life Insurance has been protecting families like yours since 1967. Guaranteed acceptance insurance is life insurance that does not require a medical exam or health questions in order to be approved for coverage. * The longer you own the policy, the more cash value your policy accumulates. You may be aware of guaranteed issue life insurance products offered by companies like Colonial Penn and Gerber Life, who frequently advertise their guaranteed issue life insurance products on daytime television. If you’re ready to buy Gerber guaranteed life insurance or another life insurance product to help with final expenses, let us help you by calling today or using the instant quote tool on this page. The only condition for becoming a policy owner is that you are between 50 and 80 years old. When a family is interested in streamlining the insurance process for every member, Gerber Life Insurance is a strong choice. About Gerber Life Insurance A guaranteed issue life insurance policy can provide an avenue for life insurance protection – even if someone … It’s a financial safety net that you’ll always have, as long as premiums are paid. Guaranteed issue life insurance is a type of ... Gerber Life Guaranteed Life Insurance provides valuable whole life insurance protection to help cover final expenses, such as medical bills, burial costs and unpaid debt. What is whole life insurance? Mutual of … Call 866-503-4481866-503-4481 for more information, M-Th 8am-9pm, Fri 8am-7pm, Sat 9am-5pm ET. 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. The only difference among them all is what they charge for the insurance. What kind of insurance is Gerber Life Guaranteed Life Insurance? You can secure a small amount of coverage to cover the basics, or a larger amount to take care of greater expenses your family may face down the road. Total limit of all combined Gerber Life Guaranteed Life policies is $25,000. There are many insurance providers on the market that offer guaranteed acceptance burial insurance. Is Gerber Guaranteed Life Insurance is Right for You? For example, an adult child can own the policy on their father, but the father is the insured. It applies to the first two years of coverage when the policy is issued. You will likely have a waiting period before your beneficiaries would qualify for the death benefit Because of this, Guaranteed Issue life insurance should almost always be your last resort for securing life insurance. Let us customize a Guaranteed Life Insurance quote just for you. Below we will cover Gerber’s guaranteed issue product, including pros, cons, and alternative choices. The information needed is very basic and relates to the insured, the owner and the beneficiary. The best part about this guaranteed issue burial insurance plan is the price. Copyright © 2019 Guaranteedissuelife.com – All rights reserved. The Gerber Guaranteed Issue Life Insurance Plan is a whole life policy that offers lifetime protection and builds cash value. Gerber Life Insurance Company. The Gerber Life Guaranteed Life Insurance policy comes with a graded death benefit limitation. You’ll also see rates for the Gerber guaranteed issue policy to help cover final expenses. As with all of our company and guaranteed issue policy reviews, we cover the strengths and weaknesses of the company and the high-risk product they offer. So if you or a loved one feels strongly towards critical illness or terminal illness protection, AIG would be the stronger choice. For additional reviews. If the insured dies due to an accidental death, the full face amount will be paid no matter when death occurs. Over the years, Gerber has become a household name offering plans for every family member, including children. Their guaranteed acceptance policies are almost identical, to Gerber Life’s. What coverage amounts does Gerber Life Guaranteed Life Insurance provide? When it comes to choosing life insurance to help cover final expenses, it’s important to look at the company behind the policy to make sure it’s going to stand by it. Testimonials reflect the opinions of Gerber Life Customers. Lowest-price or close-to lowest-price final expense guaranteed issue product on the market. There is an opportunity for you to save money by going with someone else. Most guaranteed life insurance policies are used for covering someone’s final expenses including burial & funeral expenses and cremation expenses. Copyright ©2020 Gerber Life Insurance Company. So let’s dive in and learn about the Gerber Life guaranteed issue product. Gerber is one of 15 high-risk final expense companies that we review on this site. We understand you’re juggling plenty of financial responsibilities as you plan for the future. Sign up for news and tips, exclusive offers, and much more. Policy face value amounts range from $5,000 to $25,000 and are sold in $5000 increments. We are licensed to sell life insurance in all 50 states, including the District of Columbia. This site provides life insurance information and quotes. Gerber Final Expense Policy Rates The Gerber Guaranteed Life Plan is guaranteed issue meaning there are no medical exam hoops to jump through, no underwriting or health questions on the application. When selecting a guaranteed acceptance policy, the cost will always be one of the key determining factors. 866-503-4481. Gerber Life Guaranteed Issue Life Insurance Cons of Gerber Guaranteed Issue Life Insurance Give your loved ones a little extra help during a difficult time. Since it is a whole life policy, the plan also builds cash value. When you buy a Guaranteed Life Insurance policy, you’re helping to protect your loved ones from the burden of costly final expenses. Once the 2 years is over, there is no longer this limitation and the full face amount will be paid no matter the cause of death, including suicide. Guaranteed issue life insurance is a type of life insurance policy that has no underwriting and is guaranteed to anyone regardless of health. For the price you pay, guaranteed issue policies don’t offer much coverage. Remember that you can also borrow from the cash value of your policy (policy loan interest rate is 8%), giving you an extra financial tool for unplanned expenses. The policy can be electronically signed in a matter of minutes and delivered directly to your inbox. Gerber’s Guaranteed Issue Life Insurance is a final expense life insurance policy. If your health should warrant a guaranteed acceptance policy, don’t make the mistake of going elsewhere. Guaranteed issue life insurance is one of the many products offered by well-known and trusted insurance companies. This is why we include information about the carriers, their ratings, application process, customer service and more in our reviews. The three main benefits of guaranteed issue life insurance are that there is no required medical examination, no medical questions to answer, and … Gerber Life has over $45 billion of life insurance in-force spread out over 3.5 million policies. One of Gerber’s strengths as a company is their streamlined, digital application process. Gerber Life Guaranteed Life Insurance offers coverage amounts ranging from $5,000 to $25,000. Below are sample premiums from Gerber across several age and price brackets. G… During the application process, one of the unique features of Gerber is that the owner of the policy can be different from the insured. And since your premiums will never go up, your payments will always be stable. If the insured dies by suicide within two years from the Issue Date (one year in ND), the only amount payable will be the premiums paid for the policy plus 10 %, less any debt against the policy. By signing up you agree to occasionally receive email from Gerber Life. National Funeral Directors Association. Plans are available in amounts of $5,000 – $25,000. With Gerber’s guaranteed issue life insurance, a 50-year-old female can get $10,000 in coverage for $28 per month. Many other providers provide similar plans, such as AARP, Colonial Penn, and even Globe Life. You can pay by direct billing, debit, credit, or ACH (preauthorized checking). Product Highlights And Underwriting Advantages: Gerber is an easily-recognized brand name life insurance company. Gerber guaranteed approval life insurance coverage is graded death benefit type coverage. Everyone can qualify for this product as long as you fall within the age range and enter into a legally binding contract. Gerber Life Insurance has been selling insurance since 1967 and has several different insurance products available. The best guaranteed issue life insurance companies are Gerber, AIG, and Great Western. In fact, it is designed for people with high risk medical conditions like cancer or HIV, typically seniors who have declining health. Prescription/Rx Guide: None since this is a guaranteed issue product. 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 … Gerber Life Guaranteed Life Insurance provides valuable whole life insurance protection to help cover final expenses, such as medical bills, burial costs and unpaid debt. In fact, the average cost of a funeral alone can run as high as $10,0003. Gerber prides themselves in offering some of the lowest rates for guaranteed issue life insurance for seniors. Bookmark the permalink. What is guaranteed acceptance life insurance? Fixed premiums – the premiums are fixed for … Guaranteed Life Insurance from Gerber Life is a whole life insurance policy for adults between 50 and 80 years old that does not require a medical exam or ask health questions – your acceptance is guaranteed. What’s the value of life insurance for parents and the elderly? We would love to earn your business by helping you make this decision and comparing rates from the top insurance carriers in the country. As long as you continue to make premium payments, your policy will be in-force. Plus, unlike term insurance, your Gerber Life Guaranteed Life Insurance policy builds cash value that you can use if needed. Generally speaking, there isn’t a huge variety of policy features across carriers, which is why it always comes down to price. By getting a free, instant quote now, you can get an idea of how much your monthly premium will be for life. 1 Plus our Guaranteed Life Insurance builds cash value that you can borrow from if you ever need help with unexpected expenses. Cash value builds over time and can be borrowed from if needed. It provides shoppers with final expense coverage for an affordable premium. Follow Gerber Life on your favorite networks for exclusive updates. When shopping for life insurance, always keep in mind that the best policy is one that fits your individual needs. Even your past reports will go unchecked. This plan features a two-year graded death benefit with 10% interest if death occurs from natural causes within the period. Policies are expensive for the amount of coverage you receive 3. You can even set up automatic payments once you have your policy to keep things simple. Let’s look at some of the specifics. Get a free quote today to see how a policy can fit into your budget. If you still have questions about our Guaranteed Life insurance, visit our Life Insurance 101 to learn more about:• Do I need a medical exam?• How much life insurance do I need?• Why do I need life insurance?• Cash value: a plus to whole life insurance• Quick facts about Guaranteed Life Insurance, 1 To be eligible for coverage you must be a U.S. citizen residing in the US or permanent legal resident. Gerber Guaranteed Issue will cover all major health issues with their no medical question life insurance for seniors. Everyone can qualify for this product as long as you fall within the age range and enter into a legally binding contract. Unfortunately, Gerber Life does not offer any accelerated death benefits or riders. This is definitely not the case with Gerber. * Gerber might immediately remind you of baby food. There are millions of people who have trusted their family’s financial planning to Gerber and we strongly feel that you cannot go wrong. The plan is also a whole life insurance plan meaning that the coverage will last for your entire life. Except their prices are higher. Guaranteed life insurance is a type of guaranteed whole life insurance policy that protects families from a financial hardship when a loved one passes away. Guaranteedissuelife.com offers life insurance products and services through Digital BGA. Anyone can qualify for GI regardless of health (as long as you’re within the issue age range) 2. That’s why Gerber Life is here to give you greater peace of mind about your family’s future. You may be delighted to know that this amount is currently not subject to federal income tax when paid to your beneficiary. The guaranteed issue product is available in almost every state and provides agents with another guaranteed issue … The application process is simple and easy. We have an “A” (excellent) rating from the highly regarded independent reporting firm, A.M. Best. View our privacy policy. Gerber Life’s Guaranteed Life Insurance policy is designed to be easy to understand, and easy to buy. It gives your family one less thing to worry about during an especially trying time — when financial challenges should be the last thing on their minds. When it comes to the plan itself, the Gerber Guaranteed Life Plan is a fairly typical policy in terms of features and benefits. If you're between age50 and 80, acceptanceis guaranteed1, If you're betweenthe ages of 50 and80, acceptance isguaranteed1, 1 Monthly premium reflects discount for paying via automatic monthly payments from your checking or savings account. Pay today using your checking/savings account or credit/debit card. Guaranteed Life Insurance from Gerber Life is a whole life insurance policy for adults between 50 and 80 years old that does not require a medical exam or ask health questions – your acceptance is guaranteed.1 Plus our Guaranteed Life Insurance builds cash value that you can borrow from if you ever need help with unexpected expenses. Unsubscribe at any time. As the senior population grows, Gerber Life Insurance for Seniors and Gerber Guaranteed Issue Life Insurance are worth looking at for reliable, well-priced life insurance products for anyone over the age of 50. Available to men and women between the ages of 50 and 80. It is available for those ages 50 to 80 and offers coverage amounts ranging from $5,000 to $25,000. Pros of Gerber Guaranteed Life Insurance Choose from$5,000 to $25,0002 of coverage. Gerber Life’s guaranteed issue burial insurance is easily the best guaranteed acceptance policy on the market. These premiums, however, are fixed and will never increase on you. 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