When a new infant enters the household, the priorities of the parents tend to change as planning for the future become completely different. While many parents have life insurance to protect the financial lifestyle of the surviving family members in the event of death, many seldom consider life insurance for their newborns. There are many different options available for infants from Gerber Life Insurance that can supply comfort when they are small as well as help guarantee their security as they get older.
There are many arguments against the need for whole life policies for infants, after all the theory behind life insurance is to provide for the spouse and kids if the family earner is no longer around. However, with a policy from Gerber Life Insurance if something unspeakable happens to the child, the cost of burial can be devastating to the family's budget. If a family does not believe that whole life from Gerber Life Insurance is the right vehicle for them, they might consider a term life policy to protect them against an accidental loss.
Looking At Insurance As A Gift To The Child
Many parents view a whole life policy from Gerber Life Insurance as something they can start for their child when they are first born that will benefit the kids as they grow older. The typical policies parents look for are those that lock in a premium price for the life of the policy and one that may have financial advantages as well. With policies from Gerber Life Insurance, the rate remain the same as long as the premiums are maintained and at the age of 21, the policy amount doubles, without any change is the premium rate.
Whether starting with $5,000 or $35,000 whole life, then the child begins to make their own way in the world they can be covered with $10,000 to $70,000 of life insurance from Gerber Life Insurance, at the same premium at which the parents started the policy.
Cash Values Build Over The Years
In the minds of many people an insurance policy is a gamble with the company betting the person will not live to the policy's maturity. With a Gerber Life Insurance whole life policy, at the age of 20 the cash value is equal to 100 percent of the insured amount. The individual may find they need some extra cash for college or other family events and can borrow against the policy.
There are many arguments against the need for whole life policies for infants, after all the theory behind life insurance is to provide for the spouse and kids if the family earner is no longer around. However, with a policy from Gerber Life Insurance if something unspeakable happens to the child, the cost of burial can be devastating to the family's budget. If a family does not believe that whole life from Gerber Life Insurance is the right vehicle for them, they might consider a term life policy to protect them against an accidental loss.
Looking At Insurance As A Gift To The Child
Many parents view a whole life policy from Gerber Life Insurance as something they can start for their child when they are first born that will benefit the kids as they grow older. The typical policies parents look for are those that lock in a premium price for the life of the policy and one that may have financial advantages as well. With policies from Gerber Life Insurance, the rate remain the same as long as the premiums are maintained and at the age of 21, the policy amount doubles, without any change is the premium rate.
Whether starting with $5,000 or $35,000 whole life, then the child begins to make their own way in the world they can be covered with $10,000 to $70,000 of life insurance from Gerber Life Insurance, at the same premium at which the parents started the policy.
Cash Values Build Over The Years
In the minds of many people an insurance policy is a gamble with the company betting the person will not live to the policy's maturity. With a Gerber Life Insurance whole life policy, at the age of 20 the cash value is equal to 100 percent of the insured amount. The individual may find they need some extra cash for college or other family events and can borrow against the policy.
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