Now, more than ever, more people are investing in burial insurance. With all the burial insurance options available, it is nearly impossible to find one that works for you.
Luckily, there are a couple of funeral insurance options that stand a head taller than the rest. One of them is Gerber burial insurance. If you have always known Gerber as a baby food producing company, don’t worry, you are right.
However, as we shall see later on, it has an affiliate- Gerber Life Insurance- that provides young families with life insurance.
As per research done in January 2020, at least 60% of people (mostly seniors) in the USA have settled for Gerber burial insurance. And it is with good reason.
The funeral insurance plan has plenty of unbeatable offers, amazing deals and irresistible incentives. At the same time, it has a couple of wanting areas that need some polishing. Let’s learn more about it.
About Gerber Burial Insurance
Gerber is one of the most popular companies in America with an unforgettable logo. It was started in 1927 and has been providing quality baby food.
Forty years later, it ventured into life insurance and founded Gerber Life Insurance Company that strives to provide quality life insurance policies for seniors, children, and adults.
It also provides Gerber burial insurance policy for adults aged 50-80. Of all the burial plans in the burial policy, statistics reveal that more people go for the Guaranteed Issue Life Insurance Plan. The Plan offers coverage amounts between $5,000 and $25,000.
Benefits of the Guaranteed Issue Life Plan
Here are some reasons why the Guaranteed Issue Life Plan is an excellent pick for you:
- It is a whole life policy, which simply means that with it, you are covered your whole life.
- Most funeral charges range from $7,000 to $10,000. With such an impressive face
amount of a minimum of $5,000 and a maximum of $25,000, beneficiaries can cover the costs of funeral and burial services as well as other final charges.
- Even if you suffer from illnesses such as COPD, cancer, Parkinson’s, or congestive heart disease, you can qualify. You only need to be 50 to 80 years of age and a US citizen.
- You do not have to answer any health-related questions or provide your medical history.
- It is relatively affordable.
- It has fixed premiums, meaning that the amount you pay at the beginning is what you will always be paying. There is no annoying increase in premiums after every five years.
- Application is simple. After answering a few questions about yourself- whether by phone or online- you can proceed to select the amount you prefer and pay using your credit/debit card or checking/savings account.
In case you need clarification or explanation on anything, a capable customer care team is available to offer assistance.
The Plan has several disadvantages too. First of all, it comes with a graded death benefit. The benefit prevents your beneficiaries from getting the full death benefit if you die from old age, sickness, or disease within a few years after purchasing the Plan.
This allows the company to rake in some profit as it offers coverage to higher risk applicants.
Also, it has a two-year waiting period before the full coverage starts. This is to keep coverage pocket-friendly because everyone is accepted.
Why is Gerber Burial Insurance Necessary?
Picture this: You have passed on and you have not left any savings or cash behind. Your family will have to shoulder all the expenses. Worse, they will incur debts if they are unable to pay for the funeral charges.
With Gerber burial insurance in place, you can rest assured that everything will run smoothly even after you are gone. And that you will receive the decent burial that you deserve. Most importantly, your considerate action will allow your relatives to be a little more at ease.
Gerber burial insurance is also a wonderful alternative if you have been denied access to a standard life insurance policy.
