If you have put off purchasing life insurance until after the age of 50, you may think it’s too late. But that’s not the case. A life insurance company, such as Gerber Life, will insure you with a guaranteed whole life insurance policy between $3,000 and $15,000 if you are between the ages of 50 and 75..
Guaranteed life insurance offers several benefits.
- No medical questions to answer
- No medical exam
- Guaranteed life insurance coverage regardless of your health
Your family can use this money to pay for unpaid debts, funeral expenses, or outstanding medical costs. Additionally, you can borrow against the policy up to its cash value.
It’s never too late (or too early!) to prepare for the inevitable. Guaranteed life insurance permits you to ease the burden on your family in the event of your death—even if you’ve never had life insurance in the past.