Plus, you can choose any amount of coverage with AIG from $5,000 to $25,000 in $1,000 increments, unlike with Gerber Life. The policy stays in force and continues to accrue cash value until you die with no more payments. Gerber Life offers highly-rated life insurance plans that can cover everyone in your family during each stage of life. You pay for your policy for 20 to 25 years and then it’s considered paid in full. Shorter payment period: Unlike Gerber, which requires on-time payments until you die, AIG Direct offers a shorter payment period. Then, when you die, the rest of the death benefit is paid to your beneficiary to use for funeral expenses or anything else. Fremont, Missouri, United States 501-1000. The money can be used for whatever you want, even plane tickets to have your kids and grandkids flown home to see you one last time. Gerber Life Insurance Company is an insurance company that provides financial security and protection programs. If you are diagnosed with either a chronic or terminal illness and meet certain requirements, you can access part of the death benefit while you’re still alive. If you die in the first two years of the policy, your beneficiary receives 110% of the premiums paid into the policy instead of the death benefit.īut there are two reasons AIG Direct is worth those few dollars more per month:įree riders: AIG offers two free riders on every senior life insurance policy. At Gerber Life we make it simple to protect what matters most. With both companies, there’s a graded death benefit. You’re about to find out why not all life insurance quotes are created equal when you only compare cost. Now that Gerber quote is sounding much better, don’t you think? Well, we ran that same quote through one of our preferred final expense life insurance companies, AIG Direct, and came up with a quote of $125 per month.
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