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Gerber Life Insurance Company Analysis

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Gerber Life Insurance Company Analysis
Advertisement is a notice or announcement in a public medium promoting a product, service or event or publicizing a job vacancy. Have you ever seen an advertisement about life insurance for your child or ever thought how you would pay their way through college? It’s a life insurance called Gerber Life Insurance Company that was formed in 1967 as a subsidiary of the Gerber Product Company to support new parents and moms raise joyful and healthy children. Gerber Product company is purveys of baby food and baby products. Today, Gerber Life Insurance Company is licensed throughout the United States, Canada and Puerto Rico. More than $45 billion of life insurance is to help provide financial security to over 3.3 million policies. The Gerber Life is owned by the CEO Keith O’Relly and Vice President David Fier. Gerber Life insurance provides a …show more content…
He explains before deciding an insurance, ask yourself why I need life insurance. One reason it’s an affordable way to provide for your family if you become decease, pay for funerals and also debts. Mr. Fier also explains how to decide how much life insurance you’ll need by taking the amount of income you make each year and multiplying it 3 or 5 times to determine the amount you’ll need. He also states that it’s suitable to know which insurance is best for you between term life and whole life insurance. The difference between the two is the price and coverage. Last but not lease which company should you buy life insurance from. However you can determine that by the ratings of the company, find one that’s going to help with your problems and come up with recommendations for your needs. For example (http://www3.ambest.com/ratings/entities/CompanyProfile.aspx?BL=0&ambnum=7299&AltNum=14937299&AltSrc=3 ) Gerber Life Insurance has a rating of
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