Gerber Review

ByTop10.com StaffMar. 03, 2019

In a Nutshell

With a strong focus on providing financial security for families, Gerber Life is a solid choice if you want to enjoy life insurance options that will give you peace of mind. By offering policies and terms that focus on your children’s future, you can rest easy knowing that they will be taken care of should your circumstances change.

pros

  • Excellent specialized policies for children and minors
  • A+ financial strength rating from A.M. Best

cons

  • Premiums can be steep in certain cases
  • No variable or universal life policies

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Best For

  • Families looking to cover every member with life insurance

If you’re looking for a way to insure yourself and your children from any potential surprises in life you can take advantage of Gerber’s child-friendly policies. The company offers plans both to cover dependents and seniors in the family without any complications. By protecting the whole family from an early age, if you are a parent you can rest easy knowing that your children will be covered no matter what surprises life throws their way.

  • Parents looking to save for their children’s college education

Thanks to certain Gerber policies, parents can kill two birds with one stone with life insurance policies that appreciate over time and pay out when they reach maturity. Families can rest assured their children will have enough to cover educational expenses should any unexpected developments arise.

Features

While most competitors focus on providing coverage and policies designed exclusively for adults, Gerber understands that families must plan for all members and not just the grown-ups. If you want a way to save for your children’s future you can benefit from plans that give a guaranteed payout when they reach maturity while benefiting from manageable premium payments. Moreover, Gerber’s Grow-Up Plans for children can be transferred to the policyholders themselves when they turn 21. Overall, this focus on families and the future give Gerber an edge for if you’re seeking a more comprehensive way to protect your loved ones.

Thanks to its affiliation with a globally-renowned corporation and positive track record in the industry, Gerber has a strong financial rating. It currently holds an A+ rating from insurance reporting company A.M. Best. The company’s investment portfolio focuses on high-quality assets to ensure customer policies are always protected and steadily growing.

Application Process

Getting started with Gerber Life only takes a few minutes. You can get a quote directly from the company’s website in just seconds and once you find a quote that fits your needs, you can complete the initial application process directly online. In most cases, you can bypass the need for a medical exam, though this means that the maximum coverage you are eligible to receive is capped at $100,000. After the initial application, you will need to complete the process with a company representative assigned to your case.

Policy Types and Terms

Gerber offers a good variety of term policies that are geared specifically for children, college savings, adults, and even guaranteed insurance policies applicable for seniors.

The company’s Grow-Up Plan policies are intended to provide whole life insurance for children. These grow in value until children turn 21, at which time they become the policy owners, providing an interesting solution for covering kids from birth to young adulthood. Policies can be extended for amounts between $5,000 and $50,000, and they double in value when children turn 18.

For families busy planning the future, the Gerber Life College Plan extends both coverage and a real education savings solution for college. Children covered by these policies are entitled to receive a guaranteed payout between $10,000 and $150,000 when the term ends, and the funds are not tied to any volatile investments. Most importantly, once policyholders receive payouts, these funds can be used for any necessary expenditures instead of being tied to a specific purpose.

Adults can also gain coverage from Gerber Life with a choice of term, whole life, and guaranteed insurance policies. For adults, policies range between $25,000 and $150,000 and offer premiums as low as $8 per month. More importantly, premium rates are locked-in for the duration of the policy. In most cases, customers can be approved without requiring a medical exam.

Seniors can choose to apply for guaranteed life insurance, which Gerber offers to customers aged 50 to 80 years old. These policies assure coverage of $5,000 to $25,000 and require no medical examination.

Help and Support

Gerber’s information center operates Monday through Thursday between 8am and 9pm EST, Fridays between 8am and 7pm, and Saturdays between 9am and 5pm. Support services over the phone are also available from Monday to Friday between 8am and 7pm and Saturdays between 9am and 5pm EST. You also have the option of sending a fax, email or letter. 

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Summary

As a financially independent affiliate of the Gerber Products Company, Gerber Life Insurance Company is focused on helping to protect families. Established in 1967, the company now offers its services throughout the United States and Canada. Gerber Life has already issued more than $45 billion in coverage for over 3.3 million policies. 

For families looking for lifelong comprehensive policies, Gerber Life is a solid option. The company’s policies for children, adults, and seniors give you the ability to protect your loved ones from life’s unexpected twists and ensure that the future is always secure. With great options for children’s life insurance policies and college savings plans, Gerber is a welcome change from companies that focus on providing coverage simply for adults. Gerber Life Insurance offers great support and outstanding education to complement its reliable life insurance services. 

Physical Address

Gerber Life Insurance Company

445 State Street

Fremont, MI 49412

Gerber Life