One of the joys of being a child is living “in the moment,” and one of the joys of parenting is watching their kids enjoy life’s moments. Parents also know that keeping an eye on the future and giving their kids a financial head start also comes with the job.
11 - 12 - 2013
9 - 19 - 2013
Parents who want to buy whole life insurance should know about the key features, whether buying whole life protection for themselves or for their children. But first, ask yourself these questions:
7 - 10 - 2013
Life insurance helps ensure that the family and loved ones you leave behind are not financially burdened if you die unexpectedly. One type of life insurance is whole life insurance whose benefits are significant not only for beneficiaries but also for you while you are living.
5 - 11 - 2012
Endowment life insurance is often put under fire by financial experts because the Tax Reform Act of 1984 took away many of the tax advantages of this type of life insurance plan. However, in many cases, an endowment insurance policy is a wise financial choice for saving for the future—especially if it offers life insurance coverage at full endowment value even before its maturity date, like the Gerber Life College Plan.
An endowment insurance policy differs from a whole life insurance policy in one very significant way—it matures and reaches endowment value faster than a whole life insurance policy. That’s why an endowment insurance policy is a good choice for saving for college. And you can get guaranteed coverage for as little as a dollar a day.
With the Gerber Life College Plan, you can set the maturity date to coincide with your child’s first year of college. You may also consider four separate policies, so you can cash in one per year and spread out the costs.
With college costs rising at an average rate of 4-6% per year, isn’t it time you started saving for your child’s future?
4 - 23 - 2012
Before you set your sights on a life insurance carrier, you have to to determine if the policies they’re offering align with your needs. When it comes to shopping for a life insurance policy, there are two all-important terms that you have to familiarize yourself with: term life insurance and whole life insurance.
So, what the heck is the difference between the two?