Gerber Life Guaranteed Life
GL-RC-2 (0819)
Gerber Life Insurance is a trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company.
Copyright ©2019 Gerber Life Insurance Company, White Plains, NY 10605. All rights reserved.
FOR AGENT USE ONLY. NOT TO BE USED WITH CONSUMERS.
Gerber Life will not accept insurance applications for coverage submitted under a Power of Attorney or Guardianship on the proposed insured, except from the legal guardians of children.
Guaranteed Life is issued in all states except MT. State requirements may vary somewhat. Maximum face amount is $15,000 in South Dakota. Please refer to the policy for limitations and exclusions
that may apply. Policy form series ICC12-GWLP and GWLP-12.
Not FDIC Insured | Not Bank Guaranteed | Not a Deposit or Other Bank Obligation
Annual Premium per $1,000
51.81
55.77
59.40
62.81
65.78
68.42
70.40
72.16
73.70
74.80
75.57
81.18
86.46
91.52
96.36
101.09
105.27
108.90
112.31
115.28
117.92
128.70
139.26
149.16
158.40
166.32
194.37
221.32
247.17
271.92
295.68
40.26
43.23
45.76
48.07
50.16
52.03
54.12
55.77
57.42
58.96
60.17
63.80
67.10
69.96
72.16
74.03
77.88
81.07
84.04
86.90
89.54
98.34
106.70
114.73
122.10
128.70
147.40
165.00
181.50
196.90
210.54
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Issue Age Male Female
(rates do not include $11.00 annual policy fee)
Guaranteed Life Rate Calculator
Product Overview
Issue Ages: 50 – 80
Face Amounts: $5,000 to $25,000
Payment Options:
ACH – Discount up to 8% – Preferred method
Credit Card: Visa and MasterCard
Direct Express
Highlights
• One Page Application
• Guaranteed Approval
– No Health Questions
– No Medical Exam
Two Year Graded Death Benefit:
Gerber Life’s guarantee to accept all applicants age 50 to 80
is made possible by a two year graded death benefi t limitation.
If death occurs within the fi rst two policy years for any reason
other than an accident, all premiums shall be paid to the
benefi ciary, plus an additional 10% of earned premium.
Earned premium refers to the portion of paid premium that
has been applied to the policy. For example, if an annual pre-
mium payment is made, six months into the policy year, half
of the total premium is considered “earned.” If death is due
to accidental causes, the full death benefi t will be paid. After
the two-year Graded Death Benefi t period, if the insured dies
for any reason the full face amount of the policy shall be paid
to the benefi ciary.
Commission Chargebacks:
If the insured dies within the fi rst policy year, 100% of the
commission paid shall be returned to the company. If the
insured dies within the second policy year, 50% of the
commission shall be returned to the company.
How to Calculate Premium
1. Locate the annual premium per $1,000 rate under
the female column for age 60.
$60.17
2. Multiply the number of per thousand units requested
by the annual premium per thousand rate.
$60.17 x 25 = $1,504.25
(round to 2 decimal places)
3. Add the annual policy fee of $11.00 to the base
annual premium.
$1,504.25 + $11.00 = $1,515.25
(round to 2 decimal places)
4. Multiply the total annual premium by the requested
modal factor.
$1,515.25 x 0.083334 = $126.27
(round to 2 decimal places)
Example
60
Female
$25,000
Monthly ACH
Age:
Gender:
Face Amount:
Premium Mode:
Modal Factors
Annual Rate x 0.083334
Annual Rate x 0.090909
Annual Rate x 0.263637
Annual Rate x 0.518182
Monthly ACH
Monthly
Quarterly
Semi-Annually
