Final Expense – Senior Whole Life
Guaranteed acceptance with no medical exam
5 Reasons Retirees and Pre-Retirees
Should Consider Gerber Life Guaranteed Life.
As a retiree or pre-retiree, you may be thinking about ways to help secure your financial future. While there are many things to consider, one thing is for certain: If you have people who depend on you, you need life insurance to help ensure they aren’t burdened with covering the cost of final expenses and any debt you may leave behind.
Whether you’re looking to provide a limited amount of life insurance to help cover those expenses, or you have an existing policy that isn’t enough and you’d like to fill in the gap, Gerber Life Guaranteed Life can be the perfect solution.
Here are 5 reasons Gerber Life Guaranteed Life may be right for you and your family:
1. It helps cover the cost of your funeral and final expenses
• The median cost of a funeral adds up to over $7,8001
• If you qualify, Social Security will only provide a one-time payment of $2552
• A Gerber Life Guaranteed Life policy can help make life easier
for your family at a time when they may need it most.
2. It provides protection for your loved ones
•If you are in the age range of 50 to 80 years old (ages 50 to 75 in New York), you can purchase coverage from $5,000 to $25,0003
•Your premiums are guaranteed to never increase for as long as you hold the policy
3. You can’t be turned down
•Regardless of your health, if you are between 50 to 80 years old (between ages 50 to 75 in New York), your acceptance is guaranteed once your completed application is submitted.
4. It can bring peace of mind to you and your family
•Your family will have a resource in place to help cover your funeral costs and any leftover final expenses, such as medical bills and other debt
•You and your loved ones will be protected at the same budget-friendly premium rate, now and in the future
5. Obtaining coverage is fast and easy
•With no invasive medical exam and no underwriting, you can get approved for Gerber Life Guaranteed Life quickly5
•Gerber Life Guaranteed Life is not intended for people with questionable life expectancy since there is a Graded Death Benefit limitation
1 2021 National Funeral Directors Association (NFDA) General Price List Survey.
2 Social Security Administration website: http://www.ssa.gov.
3 $15,000 in South Dakota.
4 Policy will remain in force, premiums are guaranteed not to increase, and the death benefit and cash value are guaranteed as long as premiums are paid on time and within the Grace Period specified in the policy. The cash value and death benefit will be reduced by any outstanding policy loans. The policy loan interest rate is 8%.
5 Guaranteed coverage for Guaranteed Life requires that applicant is a U.S. Citizen residing in the U.S. or permanent legal resident. Total limit of all combined Gerber Life Guaranteed Life policies is $25,000.
6 Our guarantee to accept all applicants ages 50 to 80 (50 to 75 in NY) is made possible by a Graded Death Benefit limitation. It applies to the first two years of coverage when the policy is issued. If death occurs within the first two policy years for any reason other than an accident, 110% of earned premiums will be paid to the beneficiary. If death is due to accidental causes within the first two policy years, the full death benefit will be paid to the beneficiary.
If the insured dies by suicide within two years from the Issue Date (one year in ND), the only amount payable will be all premiums paid for the policy plus an additional 10% interest, less any debt against the policy.
Gerber Life will not accept insurance applications for coverage submitted under a Power of Attorney or Guardianship on the proposed insured, except from the permanent legal guardians of children.
Guaranteed Life is issued in all states except MT. Terms, conditions, exclusions and limitations can vary by state. Please refer to the policy for terms, conditions, exclusions and limitations that may apply.
Policy Form ICC12-GWLP and Policy Form Series GWLP-12. In New York: Policy Form GWLP-20-NY.
Coverage and benefits are subject to Gerber Life overinsurance limits. Policies are sent with a 30-day free look period. Gerber Life Insurance is a trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company.
Copyright © 2023 Gerber Life Insurance Company, White Plains, NY 10605.
