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When you’re shopping for a burial insurance plan, there are thousands of different highly rated life insurance companies that you can choose from, each of them is going to offer different rates and have various benefits based on the company. It’s important that you find the best company to meet your needs. One of the most popular options for burial insurance is Gerber Life. This article is going to detail a Gerber Life Insurance review and the differences between life and burial insurance.
Gerber Life Burial Insurance Plans – What You Need To Know
We know that you don’t have the time to sit down and compare dozens of burial insurance plans, but that’s why we are here. Here are some of the quick and essential things that you need to know about Gerber Life and their burial insurance policies.
Anyone can buy one of these plans as long as you’re between the ages of 50 and 85 – no health restrictions.
Their guaranteed issue policy build cash value – the longer you hold the plan, the more value.
They offer burial insurance protection anywhere from $5,000 to $25,000.
Gerber Life has a long history of providing quality insurance coverage and excellent business ratings.
Burial insurance is one of the best options for a small amount of coverage at an affordable price.
These are the highlights of the Gerber Guaranteed acceptance burial insurance plan. If you want to know more about the company and the protection that they offer, please keep reading. It’s our mission to ensure that you’re making informed decisions about your insurance purchases.
Gerber Life Insurance Company – History and Financial Strength
Gerber Life Insurance Company has been offering life insurance protection since 1967. This company – the same firm that has been offering the famous baby food products for many years – has a goal of ensuring that parents raise happy and healthy children. This is why Gerber focuses on providing life insurance to not only children but life insurance for adults as well. This way, families can have a better opportunity to move towards financial security.
Gerber Life Insurance Company currently has more than $45 billion in life insurance coverage in force and has more than 3.3 million policies in force throughout both the United States and Canada.
The company is considered to be reliable and stable from a financial standpoint. It has been given a rating of “A” (Excellent) by A.M. Best. This refers to the overall status of the company – and it is the third highest possible rating out of thirteen.
Gerber Life offers a number of different types of life insurance protection products. These include Term Life, Whole Life, Guaranteed Life, The College Plan, and the Grow-Up Plan. It also offers the Accident Protection Plan for those who want to offer financial protection to those who are left behind or who are left disabled.
Burial Policies from Gerber Life
Gerber offers dozens of different kinds of insurance plans that you can choose from, but in this post, we are going to focus on their “Guaranteed Life Insurance Plan” These plans offer several unique advantages that you won’t find with other burial insurance plans. It’s important that you understand all of the options before you decide which policy is going to work best for you.
Qualifying for these plans is extremely simple (as the name implies), as long as you are between the ages of 50 and 80, you can buy one of these plans. It doesn’t matter what your health is or your medical history, you will have no problems being accepted for one of these plans. With Gerber Life, the whole application process is handled online, and you can complete the process in a few minutes.
Unlike some other burial plans, the Gerber Life Guaranteed plan will give you whole life coverage that will build cash value inside of the plan. The longer that you hold the policy, the more value that builds up. The majority of burial insurance plans that you’ll find on the market are going to be temporary coverage, but Gerber offers to insure you for your whole life. As long as you pay the premiums for the plan, you’ll have burial insurance coverage.
With a traditional insurance plan, there are several health conditions that you automatically get you declined for insurance coverage, like HIV or AIDS, but with a Gerber burial plan, they ask zero health questions. They will only ask about your age and how much insurance that you want to buy. At that point, you’ll have insurance coverage, and the premiums are never going to increase, regardless of how long you hold the plan.
Gerber’s burial insurance policy also has a two-year waiting period that’s attached to the coverage. That means that once you buy the plan, there is a two-year gap in your coverage. If something were to happen to you during this gap, your family wouldn’t receive the full payout of the policy. Instead, the will get a return of the premiums. After the two years have passed, the plan will operate as a normal burial plan. Just about every policy that doesn’t require a medical exam is going to have these waiting periods, and Gerber Life is no exception.
Is A Guaranteed Issue The Best Choice For Me?
It’s important that you buy the best type of insurance coverage for your loved ones. There are dozens of different types of plans that you can choose from, and it can be an overwhelming process deciding which kind is going to work best for you and your loved ones. Guaranteed issue plans are an excellent option for coverage, but these plans are perfect for everyone. We can help you decide if these plans are going to be the best insurance protection for your family members. One of the most common questions that we get is, “would a guaranteed issue life insurance plan be the best choice for my family?”
Just because these plans are easy to get, and extremely simple to apply for, that doesn’t mean that they are going to be the best option. The first thing that you should look at is your health. If you’re able to get approved for a traditional term plan or whole life insurance policy, in just about every case, those are going to be a better choice. A traditional plan is going to be cheaper per a dollar of insurance coverage.
The next thing that you should consider is your debts and final expenses that would be left to your loved ones if something tragic were to happen to you. Burial insurance plans are designed to give your family the money that they need to pay off your funeral expenses and any other small fees associated with a burial. These plans are not built to pay off larger bills like mortgages or replacing a paycheck. If you still have a massive amount of unpaid expenses that would be left to your family, or you have people that rely on your paycheck every month, then a guaranteed issue burial plan is not going to give you the coverage that you need.
Working With Independent Insurance Agents To Get Burial Insurance
We know that finding the best insurance policy can be difficult and overwhelming. There are dozens of different plans to choose from and hundreds of factors to consider. Because it’s such an important purchase, it’s vital that you make the best decision, and we are here to help ensure that you are buying the plan that will meet your needs.
Unlike traditional agents that work with one specific company, we are independent agents, which means that we work with dozens and dozens of insurance companies across the nation. When you’re looking for burial insurance, the premiums are going to vary drastically depending on which company that you get the quote from, this is because the insurance company doesn’t have a medical exam or health questions to base their rates on. Finding the lowest company could save you hundreds of dollars every year.
Instead of wasting your time calling dozens of companies, let one of our independent insurance agents bring all of the best insurance rates directly to you. It’s our mission to ensure that you’re getting the best insurance coverage for your family.
Not only can our independent insurance agents help you find the most affordable insurance plan, but they can also help you decide which type of coverage will meet your needs the best. Our independent agents have years of experience working with all types of clients in all types of different situations. We can walk you through the decision-making process and connect you with the best plan for you and your family.
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It’s a morbid thought, but nobody knows what life is going to throw at them tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family will need if something awful were to happen to you. Before making your final life insurance purchase decision, we recommend you look into all of your options and know what will work best for you and your family.