The Benefits of Whole Life Insurance

Imagine if you didn’t have car insurance and got into an accident. That’s a scary and expensive encounter. Likewise, having renter’s or homeowner’s insurance is crucial in the event of some unfortunate event. Insurance gives you protection against things you don’t expect.

Life insurance is no different, and is just as important a source of protection and security.

Gerber Life Whole Life insurance helps provide financial protection for you and for your family when you’re no longer here. Adults aged 18 to 70 may apply for a policy, and applying is easy.

Not sure if whole life insurance is right for you? Here are the top five benefits of whole life insurance for you to consider:

1. Financial protection against the uncertainties of life. 

You can’t control what the future holds, but you can be prepared. In a scenario where you are no longer here, the coverage amount (payout money) of your policy could help your loved ones to cover the cost of rent or mortgage payments, car payments, education expenses, credit card debt, and even grocery and utility bills.

2. The opportunity to build cash value 

A whole life insurance policy will accumulate “cash value” over time. After the initial policy years, with each monthly premium payment, Gerber Life sets aside a small portion which, over time, accumulates as the policy’s cash value.  As long as you make your regular premium payments, your policy’s cash value builds up steadily over the years, like a little nest egg for the future – or to cover the unexpected.

3. Access to ready cash in case of need or emergency.

Even if you plan and prepare, emergencies can happen. A whole life policy could help you and your family in the event of the unexpected. As long as the premiums are paid, you could borrow against the available cash value of the policy.¹ It’s an extra level of protection, should you encounter an unanticipated expense and need some extra cash. 

4. Locked-in premium rate that never goes up during your lifetime.

In addition to the reliable coverage that Gerber Life provides, you can rest assured that your policy’s premium will never change for any reason unless you stop paying the premiums or decide to change the coverage amount. The rate you locked in is based on your age when the policy starts, so the sooner you apply, the lower the premium!

5. Lifelong protection as long as premiums are paid, even if you change jobs or your health changes.

You work too hard to be blindsided by an unanticipated event. Whole life insurance benefits can provide financial coverage throughout the course of your life. Even if your job or employer or health changes along the way, your policy and premium amount remain the same.

We’re here to make it easy for you to help protect your family financially. Start with your Whole Life Insurance quote or call us at 1-800-425-7542 and we’ll help you find a policy that best fits your needs.

The Gerber Life Guaranteed Life Plan is another great whole life insurance option for adults who are 50+ years old. All you need to do is apply for this policy. Your acceptance is guaranteed regardless of your health history – no medical exams, no health questions.²

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

² To be eligible for coverage you must be a U.S. citizen between 50 and 80 years old (New York residents, maximum age of 75) residing in the US or permanent legal resident. Total limit of all combined Gerber Life Guaranteed Life policies is $25,000. Gerber Life Insurance Company will not issue insurance for any proposed insured when a POA or Guardianship exists on the proposed insured, except legal guardians of children.