Gerber Life Guaranteed Issue
Gerber Life Guaranteed Issue life insurance sales contracting is available to both independent broker and sales people. Crowe and Associates offers full street level contracts at 60% commission. Gerber pays all compensation directly to the agent/broker. In fact, we have GA contracts available to those meeting the production or sub agent requirements. Guaranteed issue plans do not allow any underwriting questions on the application. Anyone can qualify for this plan (guaranteed acceptance) as long as they are within the age range. Gerber has one of the few guaranteed issue plans that is approved in tough states like Connecticut and Mass. The plan is a graded policy but does pay a full DB during the first 2 years if the death is accidental. For non accidental deaths, the policy will pay back any paid premiums In addition to, 10% interest.
Gerber Life Guaranteed Issue plan details
Availability: All states except for AR,CA and MT
Issue Age: 50-80
Policy amounts: from $5,000 and up to $25,000
Cash Value: Plan builds cash
Death Benefit: Graded Death Benefit in first 2 years. Non accidental DB during first 2 years equals return of premium plus 10%. Accidental death in the first 2 years equals full death benefit payout.
Underwriting: None, guaranteed issue
Expiry: Does not expire and is payable to age 121
Premium Mode: Either, Monthly, quarterly , semi-annually or annualy: ACH and credit card
Riders: The product does not have any riders
Commission: In short, Gerber pays a street commission percentage of 60%. They do not advance commisison on their guaranteed issue product.
Gerber Life Guaranteed Issue Contracting
Click here to download the Crowe and Associates Contracting Kit. Be sure to select Gerber Insurance Sales on the appropriate page. Please either mail Complete contracting documents to [email protected], or fax to 203-567-6235. Equally important: You must write you first application in order for Gerber to process the appointment paperwork. They will no issue a writing number until the first application is submitted.