Gerber Life Insurance Company

gerber-life-insurance-company

Headquartered in Fremont, Michigan, Gerber Life Insurance Company was founded in 1967 and is a subsidiary of Nestle. Best known for being the leading provider of children’s insurance, Gerber Life Insurance Company also offers adult life insurance and accidental death and dismemberment (AD&D), having over 2.9 million policies in force in the United States, Puerto Rico, and Canada.

  • Best known for the Gerber Grow Up Plan, a leader in whole life insurance for children

  • Provides guaranteed issue whole life policies for people ages 50 to 80, with no health questions

  • Accident protection (AD&D) offers customers extra protection from the unexpected

PlansDescriptionWho Is It Right For?Product BrochureRun a Quote

Gerber Life Guaranteed Issue

The Gerber Life Guaranteed Life Insurance Plan provides valuable whole-life insurance to help cover final expenses, such as medical bills, burial costs, and unpaid debt.Best suited for people between the ages of 50 and 80 who need quality final expense coverage to assist in absorbing the financial burden at the end of life.Gerber Guaranteed Issue

Accident Protection Insurance (AD&D)

Accidents can happen to anyone, causing financial hardship for those left behind or disabled. Provide protection from the unexpected with accident protection Insurance.Adults who are looking for additional coverage that provides increased protection in case an accident leaves them disabled or results in death.Gerber Accident Protection

Gerber Life Grow-Up® Plan

The Grow-Up® Plan is whole-life insurance for children that provides financial protection, builds cash value, and guarantees life insurance coverage for a lifetime.Parents and legal guardians of children ages 14 days to 14 years who want to lock in low rates for whole-life coverage.Gerber Grow Up Plan

Gerber Guaranteed Issue Life Insurance

Overview

When it comes to inexpensive final expense insurance or burial insurance for seniors, Gerber’s Guaranteed Issue Whole Life policy is ideal for people between the ages of 50 and 80 who need $5,000 to $25,000 in coverage with no blood draws and no medical exams. With this whole-life policy, the premiums will not increase as it builds cash value that allows for loans to be taken against the policy.

If the insured person dies of natural causes within the first two years of this policy, the premium paid on the policy will be returned plus an additional 10 percent. However, if death results from an accident in those two years, the policy will pay the beneficiary the full amount of the policy.

For those looking for a life insurance policy to help cover medical bills and burial needs, Gerber Life is rated one of the best in the industry and has some of the most competitive rates in the market.

Application Process

Step 1: Contact Us

Our job is to find the best solution for you without the typical sales pressure and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at (866) 816-2100 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.

Step 2: Application

Once you have determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, applications can be electronic or paper applications. Once the application is completed, we will inform you of the next steps (if there are any).

Step 3: Underwriting

The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.

Step 4: Policy Issuance

Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.

 

Regulatory Information

When selecting an insurance product, it is always beneficial to check the individual insurance company’s financial and regulatory standings. The National Association of Insurance Commissioners is the association of regulatory bodies for the insurance industry in the United States. Click here to find more information on Gerber Life Insurance Company on the NAIC website.

Gerber Guaranteed LifeAIG Guaranteed IssueColonial Penn Guaranteed Acceptance
Graded Benefit Period2 Years2 Years2 Years
Policy Minimum$5,000$5,000$880
Policy Maximum$25,000$25,000$7,040
Health Questions RequiredNoNoNo
Issue Age50 – 80 years of age50 – 85 years of age50 – 85 years of age
Pricing Example
(Male, Age 66, Non-Smoker, $7000 in coverage)
$70.77/m$75.69/m$79.60/m

Gerber Accident Protection Insurance

Overview

Different from life insurance, accident protection insurance provides financial coverage for a disabling injury or death resulting from an accident. Given that accidents are events that are unexpected, accident protection covers incidents that aren’t related to natural causes. Therefore, additional protection against the unexpected or unintentional is extremely important.

Costs surrounding accidents can be greater than other types of events, making accident protection ideal for people in high-risk occupations. Accident protection insurance provides an extra layer of financial protection to assist with unforeseen medical expenses, loss of income, and other potential financial hardships that can affect your loved ones.

Application Process

Step 1: Contact Us

Our job is to find the best solution for you without the typical sales pressure, and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at (866) 816-2100 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.

Step 2: Application

Once you’ve determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, the application can be electronic or paper. Once it has been completed, we will inform you of the next steps (if there are any).

Step 3: Underwriting

The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision on your application. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.

Step 4: Policy Issuance

Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.

Regulatory Information

When selecting an insurance product, it is always beneficial to check the individual insurance company’s financial and regulatory standings. The National Association of Insurance Commissioners is the association of regulatory bodies for the insurance industry in the United States. Click here to find more information on Gerber Life Insurance Company on the NAIC website.

Gerber Accident ProtectionMutual of Omaha Guaranteed ADvantageFidelity Life Accidental Death Benefit
Day One Coverage?YesYesYes
Policy Minimum$20,000$50,000$50,000
Policy Maximum$100,000$500,000$250,000
Health Questions RequiredNoNoNo
Return of PremiumNoYes, with rider.Yes, with rider.
Issue Age19 – 69 years old18 – 80 years old20 – 59 years old
Coverage For Spouse Available?YesYesYes
Pricing Example
(Male, 35, Non-smoker, $50,000 in coverage)
$5.23 per month$10.29 per month$8.87 per month

Gerber Life Grow Up Plan

Overview

The Grow Up Plan is Gerber Life Insurance Company’s flagship product. It provides whole-life insurance coverage for children that lasts their entire life. These juvenile-focused plans are designed exclusively for children, with coverage ranging from $5,000 to $50,000. And, when the child reaches the age of 18, the coverage amount doubles without any price increases. The main benefit of a policy like this is being able to lock in low insurance rates early on in your child’s life. It’s considerably less expensive than waiting to buy coverage when the child is an adult.

Parents and legal guardians can purchase the Gerber Grow Up Plan for a child who is between the ages of 14 days and 14 years. As long as premiums are paid, the policy cannot be canceled. Plus, it builds cash value, providing an asset that can be used during the course of the child’s adult life.

Application Process

Step 1: Contact Us

Our job is to find the best solution for you, without the typical sales pressure, and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at (866) 816-2100 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.

Step 2: Application

Once you’ve determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, the application can be electronic or paper. Once the application is completed, we will inform you of the next steps (if there are any).

Step 3: Underwriting

The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.

Step 4: Policy Issuance

Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.

Regulatory Information

When selecting an insurance product, it is always beneficial to check the individual insurance company’s financial and regulatory standings. The National Association of Insurance Commissioners is the association of regulatory bodies for the insurance industry inside the United States. Click here to find more information on Gerber Life Insurance Company on the NAIC website.

Gerber Life Grow Up PlanMutual of OmahaGlobe Life Child Life Insurance
Day One Coverage?YesYesYes
Policy Minimum$10,000$5,000$5,000
Policy Maximum$50,000$25,000$20,000
Builds Cash Value?YesYesYes
Health Questions Required?Limited questions requiredLimited questions requiredLimited questions required
Issue Age14 days to 14 years old14 days to 25 years oldNot disclosed
Guaranteed Future Insurability?Yes; option to increase coverage at ages 21, 25, 30, 35, and 40Yes; option to increase coverage at ages 30, 33, 36, and 39Yes; details not disclosed
Pricing Example
(5-year-old Male, $10,000 Whole-Life Coverage)
$8.54 per month$6.08 per month$3.82 per month
Gerber Life Insurance Company
Address:Gerber Life Insurance Co. 445 State Street Fremont, MI 49412 
Phone:800-704-2180 
Website: www.gerberlife.com  
* A.M. Best:A (Excellent) 
BBB:A+
About:Gerber Life has a long history of being there when our customers need us most. We have an "A" (Excellent) rating, most recently in June 2012, from A.M. Best, an impartial reporting firm that rates insurance companies on financial stability, management skill and integrity. This is the third highest rating awarded out of 13 possible categories. Their rating refers only to the overall financial status of the Company and is not a recommendation of the specific policy provisions, rates or practices of the Company.For nearly 80 years, Gerber has been a name that stands for family care. You can have confidence in our name and in our coverage.Gerber Life does business in the U.S., Puerto Rico, and Canada, has more than $37 billion of life insurance in force and insures more than 3 million policies. 


*A.M. Best Company ratings range from A ++ (Superior) to F (In Liquidation)
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