Whole Life Insurance for Seniors

Senior man and grandson fishing Senior man and grandson fishing Senior man and grandson fishing

Benefits of Whole Life Insurance for Seniors

Lifelong insurance protection

Coverage that can last a lifetime

  • Just keep paying the premiums and you'll be covered for life.
  • Your rate will never increase, regardless of age or health changes.
  • Affordable monthly payments that can fit into your retirement budget.

Customize your policy

Build your plan

  • Coverage amounts from $50,000 to $300,000.
  • Simple application process — no medical exam needed in most cases. 1
  • Most applicants can have a decision within minutes.
  • Builds cash value.

Builds cash value over time

Benefits of “cash value”

  • Gerber Life sets aside money with each premium payment.
  • The longer you own the policy, the more cash value you build.
  • Borrow against the available cash value if a need arises.2

Medical exam not required for customers ages 18-50 and who apply for up to $100,000 of coverage. Coverage is dependent on answers to health questions. When you apply, you will need to answer several questions about your health, and your medical history may be taken into consideration.

Policy loan interest rate is 8%.

Whole Life Insurance FAQs for Seniors

Senior woman using a tablet

What is whole life insurance?

Whole life insurance can financially protect your family for a lifetime. Premiums never increase. Cash value builds as long as you own the policy.

Is a medical exam required?

No medical exam is necessary, in most cases. Coverage is dependent on answers to health questions. A physical may be necessary for cause and for applicants ages 51 and older who apply for more than $100,000 of coverage. In almost all other circumstances, Gerber Life's customers will not need a medical exam.

How is whole life insurance different than term?

Whole life insurance never expires, as long as premiums are paid. You can own a whole life policy for a few years or a lifetime. For term life, you decide the how long you want a policy. Your policy expires at the end of a term. Whole life builds cash value, where term life doesn’t.

Whole Life Insurance Reviews

Gain a lifetime of protection for you and your family members with Gerber Life’s Whole Life Insurance Plan. You own the policy for your entire life, as long as premiums are paid, with a locked-in premium that never increases. Read our whole life insurance reviews below to find out what others are saying about this policy.

Highly Recommended by Customers

Already have a Gerber Life Whole Life Insurance Plan? We’d love to hear your feedback!

Sort by
View All Whole Life Insurance Reviews
    Testimonials reflect the opinions of Gerber Life Customers.  For additional reviews click here
    Top

    Start Now!

    1. Apply Now

    person typing on laptop

    Our simple application takes only minutes to complete.

    2. Choose Your Coverage Amount

    closeup of man using calculator

    Choose from $50,000 to $300,000 in whole life insurance.

    3. Set Up Automatic Payment

    Person entering credit card information online

    Never worry about missing a payment again!