Gerber Life Insurance Company Review 2020
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Written by
Jeffrey Manola
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Reviewed by
Leslie Kasperowicz
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UPDATED: Nov 4, 2020
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Quick Note
Gerber Life Insurance Company is a top choice life insurance company. The insurance company offers life insurance options for children, adults, and seniors.
If you’re planning to buy life insurance for your family, you should conduct careful research first. You want to make sure you’re getting the most of your valuable investment.
To help you make a decision on the best life insurance policy for you and your family, we’re providing a complete review of Gerber Life Insurance.
This guide will give you an idea of the history of the company and the type of policies offered. You can use it to make an informed decision about your life insurance needs.
Please read on to learn more about Gerber Life Insurance and the policy options it offers.
Looking to compare life insurance prices? We can help. Enter your ZIP code to get free quotes from multiple insurers.
About the Gerber Life Insurance Company
Gerber Life Insurance Company started in 1967. Most people today associate the Gerber name with baby food and products. It is good to note that it is also a noteworthy player in the life insurance marketplace.
Gerber first began offering life insurance policies as a subsidiary of the Gerber Products Company. Its life insurance products are now available to children as well as adults and seniors.
The company has its headquarters in Fremont, Michigan. It operates throughout the United States, Canada, and Puerto Rico, with a current total of more than 3.3 million policies.
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Life Insurance Products offered by Gerber
Gerber Life Insurance Company offers a variety of products with different qualifications. By doing so, it aims to cover as many people as possible.
Gerber Term Life Insurance
One of the life insurance products that Gerber offers is term life insurance. Term life insurance policies protect you for a specific duration of time and offer pure death benefit protection only.
These policies guarantee a payout of a fixed amount should the policyholder die, assuming the cause of death wasn’t something the policy excludes. There is no cash value build-up with a term life insurance policy.
Gerber life insurance offers term policies of 10, 15, 20, 25 and 30 years. At the end of your policy’s term, you can either end coverage or convert to a permanent policy.
Gerber Whole Life Insurance
The whole life insurance is a permanent type of life insurance. The policy provides death protection benefits and builds cash value over time as long as premiums are paid.
That means that in the future, whole life insurance policyholders can potentially borrow against their policy to help cover lost income, a mortgage, education, and other expenses.
Gerber Guaranteed Acceptance Insurance
In addition to term life insurance, Gerber is also known for its Guaranteed Acceptance Insurance.
This type of coverage is for individuals who have a health condition that could exclude them from life insurance coverage. The policy is permanent, so policyholders can feel confident knowing that coverage will last an entire lifetime. The premiums for this type of policy never change.
Instead of a medical exam, getting covered by a Guaranteed Acceptance policy requires only an application, and approval can be merely a matter of days.
It’s important to note that Guaranteed Acceptance policies are considered graded death benefits. That means the policy will only pay out the full death benefit after the second year.
If death were to occur prior to the second year of having a life insurance policy, the beneficiary would only receive a payment of all premiums paid into the coverage plus interest of 10%.
After policy year 2, 100% of the death benefit will be paid out.
Gerber Life Accidental Protection
An accidental insurance policy protects against accidental death and injuries covered in the policy details. Coverage is guaranteed, but the policy only pays out if the death was caused by an accident.
Child Life Insurance
Purchasing life insurance for your child can help you protect his or her future. Gerber offers both a college savings plan and a whole life insurance policy for children, which they can convert to their own policy when they turn 21.
Gerber Customer Experience
Popular commercials for Gerber’s baby food and products give the sense that the company is customer-focused. When exploring options through the Gerber Life Insurance company, that tenet holds true.
Some companies only provide information on their products. Gerber’s marketing strategy and website content center around providing a comprehensive life insurance education.
Articles and tutorials on the Gerber Life Insurance Company’s website help customers understand what life insurance is and what product is right for them.
There are also guides to how much life insurance is enough for a given family and its needs.
Videos and tutorials break this information down in simple terms. Even those that have no prior knowledge of life insurance can gain an understanding.
Gerber also makes it easy for all customers to get in touch with its customer service representatives. There is a simple way to file a claim or get questions about life insurance answered.
The ease of those experiences is something that many customers will value in a life insurance company.
Gerber Life Insurance A.M. Best Rating
When you choose to invest in any life insurance policy, you want to be sure that the company is financially strong enough to pay a claim if and when necessary. That’s what the A.M. Best rating indicates.
The A.M. Best rating system consists of sixteen letter grades. Grades B+ to A++ are considered secured, while grades S to B are considered vulnerable.
The Gerber Life Insurance Company has an A.M. Best rating of an A, making it an excellent company with the ability to pay claims and financial security.
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Want to Know More about Purchasing Life Insurance?
Every life insurance company is different and will offer different products. The important thing at the end of the day is that you understand what life insurance is and why you need it.
The more you know about companies like Gerber and its life insurance products, the better you’ll be able to plan for your family’s future.
One way that Gerber stands out from other life insurance companies is through its Child Life Insurance plan. It also knows its brand name and reputation. It provides useful customer service options and a friendly and informative user experience.
Top Quote Life Insurance can help you explore life insurance policies and quotes. For more information about finding the company that’s right for you and your family, please contact us.
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