Just as important, in addition to first-year commissions, you can earn renewal commissions in years 2 through 5.īe a hero to your clients by offering the convenience and simplicity of Gerber Life’s new Whole Life Insurance Plan. 2 It is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the. 1 Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses. Underwriting and medical exam requirements depend on age and coverage amounts The Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan.Disability Waiver of Premium Rider available for an additional cost (not available in CA).Accelerated Death Benefit (ADB) Rider included at no additional cost 3.Clients can apply for $50,000 up to $1,000,000 in permanent life insurance protection (minimum of $101,000 for age 50 and above).Competitively priced whole life insurance that enables clients to provide income for loved ones.An easy application process for your clients.Guaranteed premiums, cash value and death benefits 1.Gerber Life’s new Whole Life Insurance Plan provides permanent life insurance coverage with these added benefits: You may also shop for policies using our comparison tool by clicking on the following link.At Gerber Life Insurance Company, we make it easy for you to grow your business by helping your clients obtain life insurance protection that will last a lifetime. If you are a prospective customer, you can contact a Gerber customer service representative via the company’s website. If you are already a Gerber Life insurance customer, you should contact your local office and inquire about a final expense policy. If you plan to have a simple funeral, a $10,000 policy should be enough to cover most of your family’s expenses. These policies will feature higher monthly premium payments and they may also have certain qualification restrictions based on health conditions or other factors. Most burial insurance policies are priced accordingly, though policies with much higher death benefits are available. Normal burial expenses average around $10,000 in the United States, though the exact amount may vary depending on the location and the funeral home. Burial insurance may also be a good option if you’ve been denied access to a standard life insurance policy. It’s therefore a good idea to leave them a lump-sum payment using burial or final expense insurance, which should cover most if not all of the costs for a modest funeral. Anyone who fits the requirements can get covered by Fabric by Gerber Lifes accidental death policy and maintain a policy up until age 60 that pays out a death. If you lack the ability to pay for your funeral, your surviving family will have to shoulder the burden and will become responsible for any debts that your burial incurs. Why is burial insurance necessary?īurial insurance is necessary if you don’t have any savings or cash set aside for funeral and various end-of-life expenses. Burial insurance policies are intended to cover the costs of funerals and related services. Burial insurance is usually easier to qualify for than traditional life insurance, and it also features lower monthly premiums in most cases. Burial, final expense, or funeral insurance is usually much less expensive than standard life insurance. What is burial insurance?īurial insurance, which is also called final expense insurance by most insurance companies, is a type of life insurance that pays a predetermined cash amount to a specified beneficiary after the policyholder’s death. The Gerber Life Insurance Companys Guaranteed Life Plan is guaranteed issue meaning there are no medical exam hoops to jump through, no underwriting or health. Gerber guarantees your death payout and your premium costs for life. The company guarantees your acceptance regardless of medical history, and it also does not require any medical exams or lengthy health questionnaires. It is designed for individuals between the ages of 50 and 80, and it pays a death benefit ranging from $5,000 to $25,000. Gerber offers a Guaranteed Life Insurance policy intended for final expense and burial purposes. Gerber Life provides insurance services throughout the United States, Canada, and Puerto Rico, and services over 3.3 million policies. Citizens and permanent legal residents can apply for 50,000 (age 50 and above must be over 100,000) up to 1,000,000 in life insurance protection, and, if approved, coverage lasts a lifetime as long as premiums are paid. The Gerber Life Grow-Up Plan is a whole life insurance policy that you can buy for children from age 14 days to 14 years. Gerber Life Insurance is a separate affiliate of the Gerber Products Company, which you may be familiar with on account of its iconic baby food marketing. Coverage is permanent and you choose the amount U.S.
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