1 Policy will remain in force, premiums are guaranteed not to increase, and the death benefit and cash value are guaranteed as long as premiums are paid on time and within the Grace Period specified in the policy. The cash value and death benefit will be reduced by any outstanding policy loans. The policy loan interest rate is 8%.
2 Guaranteed coverage requires that applicant is a U.S. Citizen residing in the U.S. or permanent legal resident. Total limit of all combined Gerber Life Guaranteed life policies is $25,000.
Guaranteed Life is issued in all states except MT. Terms, conditions, exclusions and limitations can vary by state. Please refer to the policy for terms, conditions, exclusions and limitations that may apply.
Our guarantee to accept all applicants ages 50 to 80, (for NY applicants 50 to 75) is made possible by a Graded Death Benefit Limitation. It applies to the first two years of coverage when the policy is issued. If death occurs within the first two policy years for any reason other than an accident, all premiums plus an additional 10% of earned premium shall be paid to the beneficiary. If death is due to accidental causes within the first two policy years, the full death benefit will be paid to the beneficiary.
If the insured dies by suicide within two years from the Issue Date (one year in ND), the only amount payable will be all premiums paid for the policy plus an additional 10% of earned premium, less any debt against the policy.
Gerber Life will not accept insurance applications for coverage submitted under a Power of Attorney or Guardianship on the proposed insured, except from the permanent legal guardians of children.
Coverage and benefits are subject to Gerber Life Insurance limits. Policies are sent with a 30‑day free look period. Gerber Life Insurance is a trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company. Guaranteed Life is issued in all states except MT. Guaranteed Life Insurance Plan Policy Form ICC12-GWLP and Policy Form Series GWLP-12 issued by Gerber Life Insurance Company, White Plains, NY 10605. Marketed by First Financial Services, Inc. (FFS), Johns Creek, GA. FFS is licensed in all states and may earn a Commission if you purchase something through the links on our website. NY law requires us to inform you, compensation may vary by the type of policy applied for and the volume of business generated. Upon request, FFS can send you additional information about compensation structure by contacting us at 770-662-2222. Copyright © 2022 Gerber Life Insurance Company, White Plains, NY 10605.
3 $15,000 in South Dakota.