A cash value component will also build over time which you can borrow against throughout your life. Once a policy is in place, your coverage and rate will stay the same as long as you keep up with your monthly premium payments. If you need more, you can call to request up to $1,000,000 in coverage. Whole life insurance coverage is available online in amounts ranging from $50,000 up to $300,000 for those who are 18 to 70 years old. Medical exams aren’t typically required unless you’re over 51 and request over $100,000 in coverage. When your term ends, you can renew but your premium will be redetermined based on your age and health at the time. You can also request up to $1 million in coverage by phone. You can choose from terms of 10, 20, or 30 years, and coverage amounts range from $100,000 to $300,000. Term life insurance is available for policyholders from 18 to 70 years old. Guaranteed payments range from $10,000 up to $150,000, and can be used to pay for college expenses or anything else. It’ll also pay out if the policyholder passes away. The Gerber Life College plan is a life insurance policy that pays out at a maturity date that’s 10 to 20 years in the future. Once the child becomes an adult, they can buy more coverage at the standard rate without their health or job type being taken into consideration. It also has a cash value component that builds with each monthly payment. You can purchase up to $50,000 worth of coverage and it’ll double to $100,000 when the child turns 18. The Gerber Life Grow Up Plan is a whole life insurance policy available for children up to 14 years old.
Whether you’re looking for coverage for a newborn or someone up to 80 years old, Gerber has a solution. What types of life insurance plans can you get from Gerber Life? Here’s the product lineup.
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