A term life insurance policy from Fabric by Gerber Life helps provide financial protection for a set period of time (called a term). If something were to happen to you during that term, the death benefit can help your loved ones cover everyday expenses, pay off a mortgage or other bills and care for your kids.
With term life insurance, if you pass away while your policy is active and in force, a person of your choosing (your “life insurance beneficiary”) will receive a lump sum payment. Your policy will be in force for a predetermined time period, or the “term" length, so long as all premium payments are made.
What is covered by a term life insurance policy from Fabric by Gerber Life?
The term life insurance policy Fabric offers has some common exclusions. For example, your claim could be denied if you commit suicide within two years of your policy’s issue date, or if you misrepresent yourself on your application. The policy does not include any other specific exclusions.
What does “misrepresentation” mean?
"Misrepresentation" generally means providing false or incomplete information on your application — for example, not disclosing a medical condition or tobacco use. During the first two years of your policy (known as the contestability period), if a claim is filed, the insurer may review your application against medical records or other information to confirm accuracy.
As long as the information you provided was honest and accurate to the best of your knowledge at the time of application, your policy should remain valid and your beneficiaries protected.
After the contestability period, the insurer can no longer deny or challenge a claim based on information from the original application, unless there was fraud or premiums were not paid. This helps provide stability and supports payout of the death benefit as long as the policy remains active.