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: Apr 29, 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

  • Liberty Bankers offers lower monthly rates than Gerber Life
  • Gerber Life has been rated better than Liberty Bankers by A.M. Best
  • Both companies offer term life, whole life, and final expense insurance

Gerber Life and Liberty Bankers offer whole life and term life insurance quotes to a wide range of customers. Liberty Bankers offers lower rates for most customers but Gerber Life has better financial ratings. Comparing Gerber Life vs. Liberty Bankers will help you find the right fit to meet your life insurance needs.

Before comparing Gerber Life vs. Liberty Bankers, enter your ZIP code to find the best life insurance quotes in your area.

Gerber Life vs. Liberty Bankers: What are their monthly rates?

A common way to compare life insurance providers is to examine their monthly rates. Gerber Life and Liberty Bankers’ rates are competitive. The following charts show the Gerber Life vs. Liberty Bankers life insurance rates for a $10,000 whole life policy for men of different ages.

Gerber Life vs. Liberty Bankers: Male Whole Life Average $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesLiberty Bankers Average Monthly Rates
Age 50$44.09$30,51
Age 60$63,89$45.80
Age 70$99.18$73.31
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The next table provides the same information for women.

Gerber Life vs. Liberty Bankers: Female Whole Life $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesLiberty Bankers Average Monthly Rates
Age 50$34.47$25.57
Age 60$51.06$34.67
Age 70$75.53$54.79
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As you can see, Liberty Bankers has lower rates for both genders and rates for women are lower than those for men.

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Gerber Life vs. Liberty Bankers: What products are available?

Gerber Life and Liberty Bankers offer term life and permanent life insurance quotes. The primary difference is that Gerber Life policies are available from childhood through death and Liberty Bankers policies are designed for older adults.

Gerber Life has term life insurance in 10-, 20-, and 30-year terms. These policies range from $100,000 to $300,000. An advantage of Gerber Life’s term life plans is that only those purchasing over the age of 50 require a medical exam.

The company also offers whole life insurance based on the age of the policyholder. Customers can begin a Gerber Life insurance plan for their child two weeks after birth and that child can carry it throughout their life.

The Gerber Life Grow-Up Plan is designed for children between the ages of 14 days and 14 years. Purchased by a parent, grandparent, or other legal guardian, these policies are available in values between $5,000 and $50,000, and they double when the child turns 18.

If a guardian wishes to provide life insurance after the child turns 14 but before adulthood, there are plans for teenagers as well. Available for those between the ages of 15 and 17, these plans are similar to the Grow-Up Plan, allowing the teenager to become the policyholder at 21.

Gerber Life offers adult life insurance plans that begin at the age of 18, with a value ranging from $50,000 to $300,000. Similar to the term life plans, only those who are 51 years and older at the time of purchase and applying for over $100,000 in coverage require a medical exam.

The senior life insurance plans offered by Gerber Life are designed for final expenses. Available to those between 50 and 80 years of age, the value of these plans is $5,000 to $25,000. The low value is because the purpose of these plans is to pay for funeral and burial expenses only.

Liberty Bankers offers term life insurance in 10-, 15-, 20-, and 30-year terms. These policies are available for those between the ages of 18 and 70, but customers above the age of 65 have limited options.

While Gerber Life has whole life policies for customers of all ages, the whole life products offered by Liberty Bankers are limited in value and only available to older customers because they are designed specifically for final expenses.

The company has two types of whole life policies. The simplified issue policy is for those between 66 and 80 and the modified whole life policy is for those between 40 and 80. Both policies can range in value from $1,000 to $25,000.

Liberty Bankers also offers pre-need insurance. This allows a policyholder to take care of all funeral arrangements before death. The death benefit will be paid directly to the policyholder’s funeral home of choice, ensuring that loved ones aren’t burdened with managing these details.

Gerber Life vs. Liberty Bankers: What riders are offered?

Most life insurance providers offer options that can be added to a policy. Known as riders, these options allow the policyholder to customize their policy to meet their needs. Gerber Life and Liberty Bankers offer optional riders that can be added to a policy for an additional premium.

The sole rider offered by Gerber Life is its guaranteed purchase option. Only available for the Gerber Life Grow-Up Plan, this rider allows the child to purchase additional life insurance when they become the policyholder at 21 years of age.

Liberty Bankers offers multiple riders, including:

  • Children’s Benefit
  • Grandchild
  • Waiver of a Premium
  • Accelerated Living Benefit

While Liberty Bankers offers more riders than Gerber Life, both companies have fewer riders than many of their competitors.

Gerber Life vs. Liberty Bankers: What are their financial ratings?

Credit rating agencies provide financial ratings to life insurance providers. These ratings determine the likelihood that a company will be able to provide a payout when a claim is filed. Gerber Life and Liberty Bankers have both been rated by the agency A.M. Best.

Gerber Life was rated an “A.” Considered “excellent,” this rating says that the company should be able to provide a payout when a claim is filed, even when struggling with difficult economic conditions.

Liberty Bankers has been rated a “B+” by A.M. Best. While still a quality rating, the agency says that the provider might have difficulty providing a payout at times.

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Gerber Life vs. Liberty Bankers: Company Background

Gerber began offering life insurance to customers in 1967. In keeping with the company’s general milieu, these products are primarily designed for young families. Gerber is headquartered in Fremont, MI, and offers products to customers in the United States, Canada, and Puerto Rico.

Liberty Bankers was established in 1958 with a focus on providing final expense insurance to the elderly. Headquartered in Dallas, TX, the company has maintained its focus on final expense insurance to this day.

Gerber Life vs. Liberty Bankers: The Bottom Line

The choice between Gerber Life and Liberty Bankers will largely come down to the type of insurance you need. Gerber Life allows customers to maintain life insurance from childhood through death, while Liberty Bankers focuses on an older demographic.

Comparing affordable Gerber Life vs. Liberty Bankers life insurance quotes will help you determine the best fit.

Now that you’ve finished this Gerber Life vs. Liberty Bankers life insurance review, enter your ZIP code to discover the best life insurance rates in your area.

Gerber Life vs. Liberty Bankers: Frequently Asked Questions

Here are some frequently asked questions about Gerber Life and Liberty Bankers.

#1 – How can I buy Gerber Life insurance?

Gerber Life insurance can be purchased online or by phone.

#2 – How can I buy Liberty Bankers life insurance?

Liberty Bankers directs those looking for quotes or purchasing options to contact an agent by phone or through the company’s online contact form.

#3 – Do Gerber Life or Liberty Bankers have a mobile app?

Gerber Life only offers a mobile app for agents. Liberty Bankers has a mobile app that can be used to make policy changes or payments after purchasing a policy. Both companies have mobile-friendly websites, allowing customers to access policy information on mobile devices.

#4 – Can I buy other types of insurance from Gerber Life or Liberty Bankers?

Life insurance and final expense insurance are the only options offered by Gerber Life and Liberty Bankers. Neither company offers other types of insurance, such as auto or homeowners insurance.