Different Types of Life Insurance Plans

1 min read

Older man sitting in garden with his two adult sons smiling and chatting during a nice day.

Life insurance plans—just like families—come in many different shapes and sizes. It helps to understand the basic types of life insurance policies before you select the one that will best fit your budget and protect your family in case anything should happen to you.

Term Life Insurance Plans

The most basic—and most affordable—life insurance plan is term life insurance coverage. You purchase this coverage for a specific period of time. If you die while the term life insurance is in force, your beneficiary will receive the full amount of the policy. If you ever stop paying into the plan, you will lose any coverage, and the money you paid in.

Whole Life Insurance Policy

When you purchase a whole life insurance policy, you will pay set premiums through the life of the policy. Your life insurance company will invest the money and whenever you pass, your beneficiary will receive the full amount of the policy. You may also receive dividends from your investment in a whole life insurance policy.

Gerber Life has a variety of life insurance plans to fit your family’s needs. Contact us for more information on life insurance plans.

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Family Plan Term Life Insurance

Peace of mind for the next 10, 20 or 30 years with protection up to $2,000,000.

That’s what our Family Plan Term Life Insurance offers. It’s not just about you, it’s about your family too. Our plan gives you the flexibility to cover not only yourself, but also your spouse and kids. The best part? Your premiums stay the same, as long as they’re paid.

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Family Plan Whole Life Insurance

A plan that grows with you, building cash value over time!

Our Family Plan Whole Life Insurance offers lifelong protection and the comfort of a premium rate that’s locked in (as long as you keep up with the payments). But that’s not all – you have the option to include your spouse and kids too! Now, that’s what we call “a lifetime of love and protection!”

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Guaranteed Life Insurance

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Accident Protection

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Grow-Up^® Plan

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Gerber Life Insurance College Plan

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