6 - 29 - 2011
Is it ever too early to start shopping around for life insurance for your baby? Baby life insurance is more than just coverage in case something terrible happens to your baby or child. Baby life insurance in the form of a whole life insurance policy like the Gerber Life Grow-Up Plan actually creates a solid nest egg for your child.
The baby life insurance policy coverage doubles during the year your child is 18, and provides premium rates at up to 60% less than plans purchased as an adult. When your child reaches age 21, he or she has the option to:
- Cash out the policy to reinvest or pay for adult expenses
- Extend the policy at lower rates than they would get if they were to apply for a new life insurance policy as an adult
The Gerber Life Grow-Up Plan cannot be canceled by the insurer for any reason, and your child will not be turned down for additional coverage through the plan, as long as premiums are paid.
6 - 20 - 2011
No parent wants to think about their child needing life insurance. After all, life insurance is designed to cover funeral expenses when you die, and help your loved ones continue the same standard of living they had before your death.
Some people claim that, because a child has no dependents to support, they don’t need life insurance. But that’s only half the story. Here are three important reasons to buy your child life insurance today.
6 - 4 - 2011
If you’re purchasing life insurance for the first time, selecting a life insurance company can be a confusing process. Here are three things to look for in a life insurance company.
- Life Insurance Policies Offered
If a company doesn’t offer the type of life insurance coverage you’re looking for—whether that’s a whole life insurance plan or affordable term life insurance—you’ll want to look elsewhere. Search life insurance company websites or call a representative to find out if a company has a policy to fit your needs.
- Stability and Reputation of the Life Insurance Company
A life insurance policy is a long-term investment. You want to be sure your money is safe, and that your life insurance company will cash in your policy under the agreed-upon terms. Check Better Business Bureau ratings and look for a company with a long-standing, solid reputation.
- Life Insurance Cost
You shouldn’t shop for life insurance based on cost alone, but it can be an important deciding factor. Make sure the life insurance company you select offers fair rates for the amount of coverage you need.