Guaranteed issue insurance through Gerber is a great plan, with competitive rates. Gerber might immediately remind you of baby food. While the company is known for this, they are also a premier provider of life insurance products. This includes final expense insurance. Learn more about Gerber guaranteed acceptance plans below.
One of the many companies Benefit Choice Direct works with is Gerber. Gerber insurance has been available since 1967, and was founded in Fremont, MI. Providing life insurance products was a natural fit for the company, which had been helping keep children healthy through their high-quality food products for years.
Keeping with the tradition of taking care of people, Gerber decided that they could help care for people in other ways, and so they started issuing life insurance policies. Many of their policies are whole life and term life insurance, and they even have a special program to insure children.
However, many people do not think about life insurance until much later in life. And some people do not think about it until they have experienced a health scare or other life-threatening incident.
This is where guaranteed acceptance plans are helpful. The Gerber plan is guaranteed to approve you for final expense insurance if you are between the ages of 50-85.
How Does Gerber Guaranteed Acceptance Work?
Much like any guaranteed acceptance plan, Gerber does not require a visit to the doctor for a health examination. You will simply have to answer questions about your health history and prescription drugs.
For example, you might be a 55-year-old man with no health issues. Or you might be a 67-year-old woman with diabetes. Both of you can easily qualify for guaranteed acceptance final expense insurance under Gerber’s plan.
This insurance will help cover the costs of a funeral. It will also cover other expenses that you may not think about. For example, you might need to cover the last month of rent or a mortgage on your home. You may also have outstanding medical expenses. Medical expenses can be a crushing debt to leave to your children. Wouldn’t it be better to know that these costs are taken care of?
Do I Need A Health Exam with Guaranteed Acceptance from Gerber?
Many people ask the question “will I have to undergo a medical health examination if I apply for Gerber guaranteed acceptance insurance?” The answer is no. These plans simply require you to answer some health-related questions.
You may be asked about conditions such as:
- Heart disease
You will also have to answer questions about your general health. Questions such as:
- Do you exercise?
- Do you eat healthy?
- Are you a smoker or tobacco user?
Be sure to always answer these questions honestly. Lying to the insurance company is insurance fraud. Just because you have one or more of the conditions listed above, or answer negatively to the other questions, does not disqualify you.
Will I Pay More for a Guaranteed Acceptance Plan?
Because medical exams are waived, you might think you have to pay more for guaranteed acceptance plans through Gerber. That is false. You may have to pay a smoker’s rate if you are a smoker or have used tobacco at all in the past year.
You may also have to pay a higher premium if you are suffering from a chronic condition like diabetes. This is standard for all life insurance policies. Your premium will NOT be higher just because you choose the guaranteed acceptance plan through Gerber, as opposed to whole or term life insurance.
Speaking of payments, Gerber has one of the more liberal payment policies among major burial insurance carriers. You can still write them a check every month, or even pay with money orders. However, the best way to ensure your coverage does not lapse is to set up direct debit in your checking or savings account.
Gerber can insure most anyone and will work with all applicants to get them approved. To increase your chances for approval and to learn if Gerber Guaranteed Issue Insurance is the right plan for you, contact a specialist at Benefit Choice Direct today.