Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: May 6, 2021

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Gerber Life offers life insurance policies for people of all ages
  • Gerber Life insurance provides both term and permanent life insurance policies
  • Great Western specializes in final expense, whole life insurance, and preneed policies for seniors
  • Both companies have an A.M. Best rating of A

Are you struggling with a choice between Gerber Life vs. Great Western life insurance? While both companies offer permanent life insurance options, they cater to very different customers.

Keep reading to learn more about what each company offers, which customers they cater to, and which offers the most affordable policies.

Before jumping into this Gerber Life vs. Great Western life insurance review, enter your ZIP code above, and we can help you find more life insurance providers in your area.

Gerber Life vs. Great Western Overview

When comparing Gerber Life vs. Great Western life insurance company, there are more differences than similarities. Each of these companies caters to a very different customer base.

Great Western specializes in pre-need and final expense coverage. These types of policies are aimed at seniors and are only available to those 50 and older.

Gerber Life offers life insurance policies for every stage of life, from infancy to seniorhood.

The company specializes in providing insurance to families, and its wide array of policies supports that, with everything from college savings plans to accident protection insurance.

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Gerber Life vs. Great Western: Which offers the most affordable coverage?

Because they offer such different life insurance policies, it’s hard to compare affordable Gerber Life vs. Great Western life insurance.

Term life insurance is generally considered the most affordable life insurance option for healthy adults and seniors. Here’s a look at the term life insurance quotes offered by Gerber Life right now.

Gerber Term Average Monthly Life Insurance Rates by Gender and Coverage
Coverage LevelAverage Monthly Rates for MenAverage Monthly Rates for Women
$100,000$23.17$18.87
$150,000$32.25$25.63
$200,00$41.33$32.50
$250,000$50.42$39.38
$300,000$59.50$46.25
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Pre-need life insurance, also sometimes called burial insurance, is one of the more affordable options for seniors, as the coverage amounts are lower.

To get a quote from Great Western, you must submit an online form or contact one of the company’s agents by phone.

Because the two companies do not offer any of the same products, it’s not possible to get direct Gerber Life vs. Great Western life insurance quotes to compare.

Instead, you will need to base your decision on what type of life insurance you need and compare that policy’s rates to those of other life insurance companies that offer the same coverage.

What types of coverage does Gerber Life offer?

Read on to learn about the Geber Life life insurance coverage options.

Grow-Up Plan

The Gerber Life Grow-Up Plan is a whole life insurance policy designed specifically for children from birth to age 14.

This plan doubles its cash value when the child turns 18 and maintains its low premium throughout the child’s life. The Gerber Grow-Up plan offers coverage starting at $5,000 to $50,000 before it’s doubled at age 18.

Young Adult Plan

This plan offers the same coverage options as the Gerber Age-Up plan. It also doubles that coverage when the child turns 18, for a total coverage amount of up to $100,000 once the child reaches adulthood.

This plan is only available for teens aged 15 to 17.

Whole Life Insurance

The basic whole life insurance policy from Gerber Life offers coverage up to $300,000 and earns cash value over time. This cash value can be borrowed against when needed and has level rates.

Guaranteed Life Insurance

This life insurance is aimed directly at seniors in less than ideal health. Guaranteed life insurance approves all who apply for it, but it offers a lower coverage amount with a maximum of $25,000.

Accident Protection

Gerber Life’s accident protection insurance is designed for families, offering a growing cash value that can be borrowed against and maximum coverage of $100,000. There is a joint $200,000 policy for couples.

This policy has very affordable rates starting at seven cents per day.

Term Life Insurance

Gerber Life Insurance company offers terms starting at 10 years and going up to 30, a maximum of $300,000 in coverage, and rates as low as $15.42 per month.

College Plan

The Gerber College Plan is a savings plan for children with a guaranteed payout of $10,000 as long as premiums are paid.

The plan can accrue as much as $150,000, depending on the options chosen by the policyholder. Unlike other college plans, this one is not tied exclusively to paying for college courses.

What types of coverage does Great Western offer?

Read below to learn more about the different coverages offered by Great Western.

Pre-Need Insurance

Great Western offers three pre-need plans designed to help individuals fund and pre-plan their funeral, burial, and other related services.

All three plans are transferable so that they can be used with the funeral home of the policyholder’s choice.

Voyage

This plan is unique in that it offers two death benefit options. The first is to credit the growth of the cash value of the policy to the beneficiary.

The second option is to return the premiums paid. The death benefit will be paid using whichever method provides the higher payout.

Voyage also offers several premium plans, including:

  • Single premium
  • One-year
  • Three-year
  • Five-year
  • Ten-year

Course

Like Voyage, this plan provides a growing death benefit, but the premiums are lower. The same premium payment options listed above are available with the Course plan.

Destination

The Destination plan is a single premium policy designed to pay for immediate funeral proceedings. There are no health questions required to be approved.

The death benefit is the return of the single premium, or whatever amount of money has been paid to the policy at the time of the policyholder’s passing.

Final Expense Whole Life Insurance

Read on to learn about the whole life options from Great Western.

Assurance Plus

This plan is designed for healthy individuals. Assurance Plus requires completion of a brief medical questionnaire and, depending on your answers, may offer additional coverage and full death benefit payouts immediately.

This policy comes with the Accelerated Death Benefit rider at no cost.

Guaranteed Assurance

This guaranteed policy has no underwriting and no medical exam required before approval. The policy pays out a death benefit in three possible ways:

  • A full death benefit is offered in the event of an accidental death.
  • A death in the first two policy years will come with a death benefit of 110 percent of the premiums paid.
  • The full death benefit is paid after the first two years, whether the death is accidental or natural.

Riders

Below are the options you have if you are looking for riders from Great Western.

Accelerated Death Benefit Rider

This rider allows you to draw part of your death benefit in the event you have unexpected medical expenses or need to compensate for lost income when you are diagnosed with a chronic or terminal illness.

Dependent Child and Grandchild Rider

This rider can be added to either of the final expense policies listed above for only one dollar per month. It offers a death benefit of $2,500 in the event of the death of a child or grandchild.

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Get to Know Gerber Life Insurance Company

Gerber Life was founded in 1967 and is a branch of the larger Gerber company. Gerber Life insurance currently holds an A.M. Best rating of A with a stable financial outlook.

The company has very few customer complaints with the National Association of Insurance Commissioners (NAIC), boasting a score of 0.44.

Get to Know Great Western Life Insurance Company

Great Western life insurance company is part of a larger group of companies called the American Enterprise Group.

Great Western was founded in 1983 by a mortuary owner looking to make funerals more affordable for his clients. The company has an A.M. Best score of A and a decent NAIC complaint score of 0.80.

Should you buy Gerber Life vs. Great Western life insurance? Choosing between Gerber Life and Great Western comes down to what type of life insurance policy you need.

Since we cannot directly compare Gerber Life vs. Great Western life insurance rates, take the time to look at their products and decide which policy best fits your needs.

Enter your ZIP code below and we’ll help you find affordable rates available in your area now.