The Gerber Life Insurance Family Plan: Securing What Matters Most

So, you're considering life insurance - that's great! It means you're looking out for your family, and that's a big deal. Making sure your family will have financial support they’ll need if you’re not there is truly an act of love. Thumbs up for thinking ahead to make sure they're covered even if things take a tough turn, and you're not around.

Now, we get it; life insurance isn't something you buy every day, right? So, you're probably wondering, "Is the Gerber Life Insurance Family Plan the right fit for me?"

No worries! We're here to walk you through what the Family Plan is all about, what it gives you, and what to think about as you figure out what makes the most sense for you and your crew.

Let's dive in!

What is the Family Plan?

The Family Plan is a flexible life insurance policy that provides coverage for you, with the option to also include some coverage for your spouse and kids – all on one policy. You have the flexibility to customize the Family Plan to meet your unique needs, and it’s a straightforward process, providing you with a plan that fits just right.

Now let’s get into the nitty-gritty details of the Family Plan. You've got two main types of life insurance coverage coverage to pick from: Term Life or Whole Life. Term Life is like having a safety net for a set time—10, 20, or 30 years. So, if something happens to you during that time, the person (or people) you name in your policy (we call them beneficiaries) get a payout. They can use it as they wish for things like college costs or your mortgage payments. You can apply for coverage from $100,000 to $2 million, depending on your age.

On the flip side, the Whole Life plan sticks around forever (as long as you keep up with those monthly payments), offering financial protection from $50,000 to $1 million. Whole life also builds cash value, money that accumulates in your policy over time that you can borrow from¹ or receive if you terminate the policy. As a result, Whole Life premiums are generally higher.

Many parents opt for Term Life Plan because it usually costs less than a Whole Life Plan. This means your monthly payment typically won't break the bank while still providing protection you need. So, while you're hustling and taking care of the fam, you can rest easy knowing your loved ones are covered should the unexpected happen.

The Family Plan also allows you to easily add extra coverage for other family members all under one policy. You can include your spouse and/or kids on your application so they can have coverage too, without them having to apply separately. Perhaps your spouse faces health challenges that make it difficult for them to qualify for coverage on their own; you can include them on your policy with a 10-Year Level Term Life Plan, providing them with $50,000 in coverage.² The cost of the rider is dependent on their age and sex – spouses up to age 50 are eligible. It’s essential to note that in some states, your spouse needs to give the nod and sign the application.

But what about your little ones? You can add them too. Each kiddo can have $10,000 in coverage until they turn 21 or until the policy ends.³ A small fee covers one or multiple children.

What if I have more kids in the future?

Good news – the child add-on or rider covers all your kids, now and in the future. Just give us a heads-up, and we'll add their names to your plan.

Can my spouse get more coverage?

We keep it simple by capping coverage for your spouse at $50,000. If they need more, they can apply for their own policy.

Can I remove my spouse or children from my policy later on?

Sure thing! You can totally take your spouse or children off your policy later on. So, if things change in your life, like a divorce happens, or if your spouse wants to get more coverage and applies for their own policy, you have the option to remove them from your policy, at any time.

Who is eligible for coverage?

To get in on a Family plan, there are a few simple boxes to check:

• You must be a U.S. citizen or permanent legal resident with a green card.
• If you're eyeing a Term policy, you need to be between 18 and 70.
• Thinking about a Whole life policy?? Cool, just make sure you're between 18 and 80.

Is the Family Plan right for me?

We get it; choosing a life insurance plan might feel a bit overwhelming. So, let's break down how the Family Plan simplifies your life insurance journey, allowing you to focus on more important things, like spending time with your family.

• Flexibility that suits you: Whether you need coverage for 10 years or your whole life, you get to choose what works best for your family.
• One plan can cover your whole family: It's not just about you – the Family Plan can extend coverage to yourself, your spouse, and your kiddos—without any additional paperwork. Just include them on your application.
• Quick and easy process: We get it; you're busy. With our speedy application process, you might snag coverage in about 10 minutes.
• Clear and honest: We've provided life insurance coverage for families for over 50 years and know the lingo may sound confusing. But here's the deal – we promise to keep things straightforward. Our job is to explain, educate, and help guide you to find a solution that works for you and your family.

Remember, life insurance is your love in action, helping your family thrive, even in your absence. Without life insurance, your loved ones could face major financial challenges at a time when they need support the most. With life insurance, you can help relieve their financial burden so they can focus on healing.

We're just a phone call away if you have any questions or concerns. Feel free to reach out to us at 1-800-704-2180 to resolve queries or initiate an application online. Our dedicated team of friendly life insurance representatives is eager to help guide you on the path to financial stability for your loved ones.

¹ Policy loan interest rate is 8%. Loans may impact cash value and death benefit.

² The rider is optional and there is a separate premium cost. This rider provides a $50,000 death benefit for the spouse of the insured. The Spouse Rider is available for a spouse of ages 18-50. This Rider is available at issue or after for 30 days.

³ The rider is optional and there is a separate premium cost. This rider provides a $10,000 death benefit for each child under age 21 and still dependent on his or her parents. This Rider is available for Child(ren) over the age of 14 days - 18 years old. Available at issue or any point in time after issue until the insured is age 65.