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GLIC Guaranteed Life Product Overview


With the Gerber Life Guaranteed Life Insurance Plan, you can have peace of mind knowing that you've planned ahead to ease the burden of final expenses. This whole life insurance policy provides up to $25,000 to help pay medical bills, leftover debts and funeral costs.

  • Regardless of Your Health, You Can't Be Turned Down

  • If your client is a US Citizen or permanent legal resident between the ages of 50 to 80, they can choose guaranteed cash benefit of $5,000 to $25,000. The application process is simple and easy. No medical exam is required and there are no health questions to answer. Their acceptance - regardless of your health - is guaranteed.

  • Your clients spouse, if aged 50 to 80, also can get up to $25,000 in guaranteed benefit protection.

  • Provides Cash Value Your Clients Can Use in an Emergency

Product Details:

Guaranteed Life is a graded death benefit whole life policy. If death occurs within the first two policy years for any reason other than an accident all premiums plus 10% interest shall be paid to the beneficiary. If, however, death is due to accidental causes the full death benefit will be paid. After the two-year Graded Death Benefit period, if the insured dies for any reason the full face amount of the policy shall be paid to the beneficiary.

As a guaranteed issue product, there are no health questions on the application.

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Frequently Asked Questions:

Question 1: Is this a Graded Product?

The Gerber Life Guaranteed Issue product is graded for the first two years paying premium plus 10% for non-accidental deaths.

Question 2: Do I need E&O Insurance to get appointed?

Yes, Errors & Omissions is needed for Gerber Life.

Question 3: What is the frequency of paying Agent commissions?

Commissions will be paid on collected premium only and are paid two times per month with Gerber Life. Commission statements will be emailed twice a month

Question 4: Does my first Application have to be paper or can it be an online application?

Gerber requires that a writing agents first piece of business be a paper application. Subsequent applications can be using the online portal or paper.

Question 5: What is the chargeback process for Gerber Life?

With respect to the Guaranteed Life the following special rules shall apply: a.) If the insured dies within the first policy year, 100% of the compensation paid shall be returned to Company. b.) If the insured dies within the second policy year, 50% of the compensation paid shall be returned to Company.