Gerber Life Insurance Review

Gerber life insurance offers cheap, long-term coverage for parents and their children as they develop. Term life insurance is also available, with a variety of coverage options. Gerber’s website makes it simple to find information, and you can get a quotation in under five minutes.

If you want to develop financial value for your child’s education, a savings or 529 plan may be a better option than no medical exam insurance since you have more options.

Pros and Cons of Gerber Life Insurance

Gerber Life Insurance Review - Gerber Life Insurance Logo

Pros

  • Comparison tool for internet quotes that’s simple to use
  • If you’re between the ages of 18 and 50, no medical checks are necessary.

Cons

  • High-yield savings or 529 plans are better investments because they provide higher returns.
  • Much more costly than adding a child to your life insurance policy as an additional beneficiary
  • Refusal to pay claims under AD&D insurance plans

Gerber Life insurance rates

Sample prices for 2021 were acquired by using Gerber’s online quote tool for term life insurance for a healthy man and wife valued at $500,000. For the same amount of coverage and term length, Gerber’s charges are much higher.

  • Age 20. Male $49.25, Female $36.75
  • Age 25. Male $51.75, Female $38.00
  • Age 30. Male $59.50, Female $46.25
  • Age 35. Male $67.00, Female $54.50
  • Age 40. Male $94.75, Female $72.75
  • Age 45. Male $122.25, Female $90.75
  • Age 50. Male $177.50, Female $127.00
  • Age 55. Male $227.75, Female $147.75
  • Age 60. Male $380.00, Female $230.00

Factors that affect Gerber Life insurance rates

A typical omission by insurers is disclosing facts about their rating classes on their websites. Gerber’s lack of transparency here implies the opposite.

Your chances of getting low rates might be harmed by any of the following things in your lifestyle or health:

  • Diabetes, cancer, heart disease diagnosis in the last ten years has been diagnosed, as well as stroke, AIDS, and HIV.
  • In the last ten years, drug usage has increased dramatically.
  • Height and weight in relation to a given ratio
  • Diabetic hypertension
  • Low HDL (good) cholesterol
  • The last year’s consumption of tobacco or nicotine
  • Recent felony or misdemeanor convictions

How to get a quote from Gerber Life insurance

The toll-free number for Gerber life insurance is (800) 704-2180. In any other case, you can begin the quotation procedure on the internet by following these steps:

  1. Select your insurance and provide your zip code, age, gender, and email address. Click Get a Free Estimate on Your Project.
  2. Take a look at some of the things you’ve said. Select the one you like and click on “Apply Now” if you’re pleased with it.
  3. You’ll need to navigate the application to provide personal information, medical history, and beneficiaries.
  4. Provide your bank account or credit card details, then check and e-sign your paperwork.
  5. Register for Gerber’s eServices to set up automated payments, alter your beneficiary, or update your contact information once you’ve been accepted.

Child life offers guaranteed insurability, but it isn’t the best investment

Life insurance policies for children, particularly those with college savings options, may not provide the best protection. A high-interest savings account or a 529 plan may provide a superior investment return. Aside from that, most plans have child riders that allow you to continue receiving your benefits for your children up to the age of 25. You may be able to convert them to individual plans by that time.. To get the most bang for your buck, consider buying life insurance that includes kid riders.

To make sure their children are insurable, parents often get a child life insurance policy. As a result, even if your child has a health issue that makes them uninsurable later in life, they will still be covered by your policy.

Gerber Life offers term and whole life

Others provide a larger range of coverage options, but Gerber is known for specializing in whole life insurance policies. Gerber also provides a straightforward term life insurance alternative.

  • Term life. Gerber’s term life insurance is comparable to those of other businesses, with coverage ranging from $25,000 to $300,000, durations ranging from 10, 20 or 30 years, and monthly premiums starting at $15.42.
  • Whole life. With a cash value of up to $150,000, Gerber’s whole life insurance products are one-of-a-kind. You may also take out an 8 percent loan against your cash value, which is standard for this type of coverage. Among its long-term goals are the following:
    • Gerber life grow-up plan. Children aged 14 days to 14 years are covered up to $50,000 with premiums guaranteed for the rest of their lives. At the age of 18, your coverage more than doubles.
    • Guaranteed life. A whole life insurance policy with assured acceptance for those 50 to 80 years old, with no need for a medical exam. You may choose between a $5,000 and a $25,000 policy.
    • Gerber Life college plan. With a guaranteed payment of $10,000 to $150,000 when the policy matures, life insurance and college savings may be combined into one product. The recipient receives the entire sum if the kid is killed.
    • Young adult life. A $50,000 whole life insurance policy with a cash value builder for 15 to 17-year-olds. At the age of 18, your insurance coverage is doubled, and there is no premium increase.

Does Gerber offer burial insurance?

Yes. Gerber’s guaranteed life insurance serves as burial insurance for seniors ages 50 to 80. You can buy $5,000 to $25,000 in coverage — and loved ones can use the funds to cover your funeral and end-of-life expenses.

Gerber life insurance riders

In terms of add-ons, Gerber’s site does not provide much information, but it does point out several interesting features, such as the ability to live completely debt-free.

  • Accelerated death benefit rider. If you’re diagnosed with a terminal disease and receive this free add-on, you’ll receive up to 50% of your payout before you die.
  • Guaranteed insurability rider. This rider, which is also known as a guaranteed buy option, allows you to add insurance to your grow-up policy without having to undergo a medical test.
  • Payor benefits riders. If you die or become incapacitated and are unable to pay your premiums, you can add payment protection to your Gerber grow-up plan.
  • Waiver-of-premium rider. If you become handicapped and are unable to pay your policy’s premiums, you can keep your coverage even if you are pregnant.

Gerber Life insurance reviews are mixed

Customers praise Gerber’s customer care representatives on TrustPilot for their expertise and friendliness. With an A+ rating from the Better Business Bureau, customers can rest easy knowing that Gerber offers excellent customer service. However, be on the lookout for frequent difficulties such as policy cancellations and claims that are delayed. AM The firm gets an A+.

Checkout our review of Genworth Life Insurance Review for another car insurance review.

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Levi Jorgensen
Levi Jorgensen is the co-founder of QuoteYeti.com & LifeInsuranceGrades.com. He is an avid lover of creating amazing content to educate people about life insurance. He is a life-long explorer. When he's not writing about life insurance, he builds websites, and manages local marketing campaigns for insurance agents. He's based in Columbus, Ohio with his wife and 2 children.
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