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Life Insurance 101

Life insurance is an unbreakable promise that the people you care about will be taken care of financially when you’re gone. A life insurance company makes you this promise when you buy a policy. You can decide in advance how long you want the promise to be good for, and how much help your loved ones will need. Read more here.

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Life Insurance 101

Life insurance is an unbreakable promise that the people you care about will be taken care of financially when you’re gone. A life insurance company makes you this promise when you buy a policy. You can decide in advance how long you want the promise to be good for, and how much help your loved ones will need. Read more here.

Apply now
Get My Quote

Who needs life insurance?

Short answer: you. Long answer, anyone who has people in the world they care about, especially if those people depend on them. Parents, people with outstanding debts, and those who make significantly more than their partner might find it especially helpful. More.

What if I’m covered through my work?

That’s a great start! But it’s just a start. Work-based policies often pay far smaller sums than your loved ones will really need. They can also disappear at inconvenient times - like when you’re between jobs. Getting a policy of your own removes any doubt. More.

How big of an insurance policy do I need?

Any number is better than nothing, but financial experts usually recommend a policy that can pay out 5x your annual salary. Your unique lifestyle can push this number higher or lower. Whatever your needs are, though, we probably have a policy that can fit them. More.

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How much does life insurance cost?

Compare some real quotes for 10-year term life insurance. These are example rates, as final prices will depend on a person’s individual situation, and pricing can vary by state.

Take a minute and get an estimate for life insurance that fits your family’s needs.

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Life insurance basics: a deeper dive

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Who Needs a $1 Million Life Insurance Policy?

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Life insurance helps support your dependents should the worst case happen. We explain a few methods that experts use to figure out how much you need.

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Who Needs a $1 Million Life Insurance Policy?

A $1 million life insurance policy sounded excessive... until my partner and I considered everything we wanted to provide for our family. Is it right for you?

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We’ll help you sort fact from fiction, and learn what you need to know about how life insurance really works.

By Allison Kade

Feeling curious? We’ve got the cure.

How do I get term life insurance coverage?

Generally, insurers will ask you to fill in an application form. Information you’ll need to provide include details about your health, personal and professional circumstances. Since term life insurance is medically underwritten, your health and other risk factors will be taken into consideration to determine whether the insurer will offer coverage. If you’re approved, the insurer will also look at the rate it’s willing to offer you.Depending on the insurer, after signing and submitting your application, you’ll go through an automatic underwriting process. This process will include looking through submitted information, your medical history, consumer reporting agencies, and other available sources like the DMV and Medical Information Bureau (MIB)In some cases, insurers will require that you undergo a health exam or provide further information to determine whether you’re eligible for life insurance. If so, a representative may contact you to answer some follow-up questions, schedule a medical exam, and even provide additional medical records.Once the final decision is made and you’re approved, you’ll have a chance to approve the premium price and term before finalizing your agreement. If you like what you see, you’ll then submit payment information. Otherwise, with Fabric, you can customize your term length and coverage amount before moving forward. Offers are valid for 60 days from the date of the offer.

How do you calculate my monthly premium?

How to get life insurance

Start by doing your research

Think about how much coverage you need, based on how much it’ll take to protect your family. You might also total up costs like final expenses, debt repayment, mortgages, college costs for your kids, day-to-day living expenses for your family and more.

Then you’ll want to decide what term length is right for you. How long do you want this coverage to last?

For example, if you have a 5-year-old and choose a policy with a 20-year term, then your family would be covered until your child is 25 years old.

Then make it happen

For a sense of how much insurance might cost you, get a free quote. It takes a minute and can set your expectations. Of course, that’s only an estimate because your real price will depend on a more thorough look at your personal situation.

From there, fill out a life insurance application. This generally takes about ten minutes and will ask you questions about your health and medical history, employment, hobbies and other factors. If you’re approved on the spot, you’ll have an opportunity to purchase your policy then and there. If the underwriters have questions about your application, they’ll reach out.

Your free quote is just clicks away

Wait, you want more?

15 Different Types of Life Insurance: What You Should Know

5 Questions to Ask About 10-Year Term Life Insurance

15-Year Term Life Insurance: 5 Types of People Who Should Consider It

Is 20-Year Term Life Insurance Worth It?

Life Insurance and Wills: If You Have One, Do You Need the Other?

More questions?

We love that you’re as interested in this as we are. Reach out to our licensed insurance agents. They know a lot and don’t work on commission.

Competitor 1 is State Farm Life Insurance Company, Competitor 2 is The Prudential Insurance Company of America. Pricing shown here is as of 08/04/22 for a 10 year term and based on a 30-year-old, 170 lb, 5’4”, non-smoker female in TX in excellent health.

Competitor information is obtained from sources believed to be reliable, but its accuracy or completeness is not guaranteed. This data is for informational purposes and is not intended as a solicitation or recommendation of any insurance product. Premium rates and underwriting classes may vary by company.

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© 2022 Gerber Life Agency, LLC

Term Life Insurance Policy Series ICC22 2205-4004 WSA and Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA (and state variations where applicable) issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Product provisions, availability, definitions and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

All sample pricing is based on a 30-year old F in Excellent health for the coverage amount shown and a 10-year term policy, unless otherwise stated. Gerber Life Agency, LLC (GLA) is an insurance agency licensed to sell life insurance products. GLA will receive compensation from Western-Southern Life Assurance Company for such sales. The NAIC Company Code for Western-Southern Life Assurance Company is 92622.

Western-Southern Life Assurance Company's A+ Superior A.M. Best Rating: Superior ability to meet ongoing insurance obligations (second highest of 13 ratings; rating held since June 2009). Ratings are subject to change from time to time. The ratings shown here are correct as of 09/03/2022. For more information about a particular rating or rating agency, please visit the website of the relevant agency.

Plan like a parent. is a trademark of Fabric Technologies, Inc.

Gerber Life is a registered trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company.

In the State of California, Gerber Life Agency, LLC is known as and does business as Gerber Life Insurance Agency, LLC.