At Bluewave Insurance, we are proud to provide our clients with Gerber Life burial insurance. If you are interested or have questions, contact us at 800-208-4974.
Burial insurance is a type of policy that is designed to cover death-released expenses. Many refer to burial insurance as, “funeral insurance,” “final expenses insurance” or “pre-need insurance.” This insurance policy is different from life insurance because it only covers about around $5,000-$25,000 more or less, while life insurance can cover thousands of dollars, maybe even millions of insurance expenses.
This particular article will take a look at Gerber Life burial insurance, the type of plans they have, benefits, and if this plan may be the best plan for you in the long run.
Gerber Life Company History & Background
Gerber life is a one of the biggest life insurance companies in the United States. They have been proving life insurance for over 50 years since their start in 1967 in Fremont Michigan. They currently offer family life insurance products, juvenile insurance, and medical insurance for small to medium sized companies.
This company is known for their famous baby faced logo, but most of all they have $52 billion of life insurance available for their 3.6 million beneficiaries around the United States, Canada, and Puerto Rico.
Additional Gerber Life Insurance Products
- Whole Life Plan
- Term Life Insurance
- Family Life Insurance Plan
- Accident Protection Insurance
- Gerber Life College Plan
Pre-need funeral insurance is a policy that is offered by a funeral home or a funeral service provider. This plan is usually offered under an insurance companies whole life plan. Something unique about this policy is that they sometimes have the funeral service provider as the beneficiary. In this case, you pay the premiums, and when you die, the funeral service provider takes care of the funeral. If you’re having a hard time choosing which final expense policies is the best for you, contact us at 800-208-4974. Our expert insurance agents would be happy to assist you in finding the right plan.
No, with Gerber Life’s burial/Guaranteed Life insurance, the amount you pay at the start of your coverage will be the same amount throughout the time you have the insurance plan. This makes payments predictable year after year, and guarantees you get the same amount of coverage. The premium only increases if you decide to change coverage or the frequency of your payments.
With Gerber Life, you have guaranteed acceptance into their final expense insurance plans. Through their affordable plans, they may cover your funeral cost from as low as $5,000 to as high as $25,000. The average burial insurance payment is $30-$70 a month. This rate all depends on a number of things such as: age, health, sex, and amount of coverage.
Gerber Life Insurance Review and Financial Rating
With over $52 billion of available life insurance and 3.6 policyholders, Gerber life is considered a very reliable and stable company from a financial standpoint. Currently, they have an A rating (Excellent) from A.M. Best. This rating is the third-highest possible rating out of the thirteen A.M. best has available.
Gerber Life Funeral insurance Information for Seniors
Gerber Life offers affordable funeral insurance or burial insurance policy that will help cover burial costs when one passes away. They offer burial insurance protection for as low as $5,000 or as high as $25,000.
If you decide to get a burial insurance plan with Gerber Life, you’ll definitely be in good hands. They currently offer dozens of different life insurance plans that provide advantages that other insurance providers do not offer.
To qualify for Gerber Life’s burial insurance plans you must be between the ages of 50 and 80. Luckily, your medical or health history does not matter with a guaranteed acceptance plan.
They also make it very easy for you to apply online. They have a quick E-application that you may complete in a few minutes. They also offer online support, if you have any questions regarding your application or burial insurance plans.
With burial insurance, this policy is not locked in with any funeral homes, so you have the freedom to choose which funeral home you would like to work with. Even though it may be a good choice to not have it connected to a funeral home, it does present a risk that the policy holder may not use the money intended for burial expenses, since the money can be withdrawn at any time.
It’s important to note that with certain policies with Gerber Life’s insurance policy there is a two-year waiting period. Meaning, that once you purchase the plan, there will be a two-year gap in coverage. If anything happens to you during that two-year gap and you pass away, your family would not be able to receive the full payout of the burial policy. They will only receive the return of the monthly premiums paid to date. Only after two years have passed, the plan will be a “normal” burial plan.
What is Gerber Life Guaranteed Life Insurance Policy ?
Gerber Life Guaranteed Issue Life insurance is a whole life insurance policy for adults between the ages of 50 to 80 years old. This policy does not require a medical exam or require folks to answer any health questions. In this case, your acceptance is guaranteed.
On top of Guaranteed acceptance, this life insurance policy builds cash value so if anything unexpected happens which requires some capital, you can withdraw from this policy and use it for whatever you need. Also, if you decide to cancel the plan at any time, you may also receive the available cash value. However, the longer you hold the policy, the more cash value it builds up, so it’s best to keep it as long as you can.
Here are some of the reasons why seniors choose Gerber Life:
- Helps cover final expenses
- Policy builds cash value
Our Expert Advice
Trying to find the right burial insurance for you or a loved one can be difficult. However, Gerber Life makes it easy for you to choose. They offer a comprehensive plan that covers all your burial needs and even provides cash withdrawals just in case you want to back out of the policy. We, at Bluewave Insurance, highly recommend seniors to consider Gerber burial insurance. We believe that this is a great option.
thumbIf you’re wondering if Gerber Life is still the right final expense insurance for you, contact us at 800-208-2974 to learn more or to speak with one of our trusted insurance agents. We would be happy to assist you in finding the right burial insurance plan.
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