Gerber Life has now made their guaranteed issue life insurance plan available to brokers. The policy is issued to people ages 50 to 80 in face amounts of $5,000, $10,000, $15,000, $20,000 and $25,000. This is a 100% guaranteed issue life insurance plan so there are no questions for the client to answer. The policy is approved to be sold in all states except AR and MT. As with all guaranteed issue plans, this is a graded benefit. Death in the first 2 years results in a return of premium +10% interest. A full death benefit is paid out in the first two years if death occurred due to an accident.
Please Note: Agents need to submit an application in order to get a writing number.
Initial commissions and renewals are paid directly to brokers from Gerber. (Gerber does not advance commissions)
Please email or call (office -203-567-6235) with any questions.