Gerber

Gerber has range of life products including a Guarantee Issue policy with no health questions. Gerber also has accident protection, a college plan, grow-up plan, simplified senior life plan, young adult plan, and a whole life plan.

 

We recommend having this carrier so you can insure those who would otherwise be uninsurable. Their no questions application for a guarantee issue is the perfect product to give those customers an opportunity to purchase a policy.

 

The first application with this company must be face-to-face in order to receive a writing number and use their e-application for phone sales. 

Renewals are given on the Simplified Senior Life, Grow-up plan,, and Guaranteed Life.

Gerber encourages the ACH payment option by providing policy holders discounts from 8% up to 16% (depending on the plan).  They also accept Visa, MC, and Direct Express.

 

Mobile Application Quotes for Smartphones and tablets are available.

Product Information:

 

Guarantee Issue:

This product is available in 49 states. Not available in MT. It is a two-year graded product.

One page application.

 

Ages: 50-80

 

Minimum Coverage: $5,000

Maximum Coverage: $25,000

 

Grow-up Plan:

Whole Life protection available for children 14 days to 14 years old. Plan Doubles at age 18.

 

Face Amounts: $10,000 to $50,000

Options: 

Guaranteed Purchase Option-the insured child, as an adult, can buy additional coverage up to four times without proof of insurability at ages 21, 25, 30, 35, and 40 upon getting married or having a child.

Payment Protection Option Rider-protection that covers all premium payments if policy owner becomes totally disabled or dies before the insured's 21st birthday.

Young Adult Plan:

Ages: 15-17

 

Face Amounts: $5,000 to $50,000

Coverage automatically doubles in value during the year the child turns 18 with no premium increase.

Options: 

Guaranteed Purchase Option-the insured child, as an adult, can buy additional coverage up to four times without proof of insurability at ages 21, 25, 30, 35, and 40 upon getting married or having a child.

Payment Protection Option Rider-protection that covers all premium payments if policy owner becomes totally disabled or dies before the insured's 21st birthday.

College Plan:

Great way to pay for college.  Guaranteed growth. Life insurance benefit included.  No restrictions on how the funds can be used.

The policy matures within a specific time frame that is chosen by the polcy owner.

Available in all states.

 

Ages: 18 to 600

 

Minimum Coverage: $10,000

Maximum Coverage: $150,000

Simplified Senior Life:

Ages 50-70 no required medical exams 

Ages 71-80 medical and full underwriting

Face Amounts: $25,000-$100,000

ADB rider included

Whole Life:

Ages 18-70

Face Amount: $25,000 - $1,000,000

Quick underwriting for digital and telephone applications if under age 51 and under $300,000.

Accident Protection:

Ages 18-69

Face Amounts: $50,000-$250,000

Spouse and children can also be covered. $25,000 for each child and their is not limit to the amount of children. 

Guaranteed approval for eligible applicants. No health questions, physical exams, and eligible regardless of health or occupation.