Gerber Life Insurance Review

Cheap long-term coverage for parents and their children is available via Gerber life insurance. Additionally, there are a number of different levels of coverage for term life insurance. Gerber’s website is easy to use, and you may obtain a price quote in less than five minutes. This Gerber Life Insurance Review may assist you in making an educated decision about.

Savings or a 529 plan may be a better alternative than no medical exam insurance if you want to build financial value for your child’s education. Cheap long-term coverage for parents and their children is available via Gerber life insurance. Additionally, there are a number of different levels of coverage for term life insurance. Gerber’s website is easy to use, and you may obtain a price quote in less than five minutes.

Savings or a 529 plan may be a better alternative than no medical exam insurance if you want to build financial value for your child’s education.

Pros and Cons of Gerber Life Insurance

Gerber Life Insurance Review - Gerber Life Insurance Company Logo

Pros

  • Simple to use comparison tool for online quotations.
  • In the age range of 18 to 50, no medical examinations are required.

Cons

  • Investments in high-yield savings or 529 plans are superior because they offer higher returns than other options.
  • Much more expensive than adding a child as an additional beneficiary to your life insurance policy.
  • Refusal to pay AD&D insurance claims

Gerber Life insurance rates

According to the online quotation tool provided by Gerber, the price of term life insurance for a healthy man and his wife valued at $500,000 was obtained in 2021. Gerber costs significantly more for the same coverage and term duration.

  • 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

Information concerning insurance companies’ rating classes is a common omission by insurers. The reverse is implied by Gerber’s lack of openness here.
It’s possible that any of the following factors might hurt your chances of attaining affordable rates:

  • In the previous 10 years, diabetes, cancer, heart disease, stroke, AIDS, and HIV have all been diagnosed.
  • Drug use has surged considerably in the previous ten years.
  • The relationship between height and weight
  • Diabetic systolic blood pressure
  • Low levels of HDL (the “good” cholesterol) in the bloodstream
  • Tobacco or nicotine use throughout the last year
  • Convictions for felonies or misdemeanors recently

How to get a quote from Gerber Life insurance

(800) 704-2180 is the toll-free number for Gerber life insurance. Following these steps will help you get started with the quote process on the internet:

  1. Please enter your zip code, age, gender, and email address to get a quote on insurance. Click Get a Free Project Estimate.
  2. You’ve mentioned some interesting stuff. Please select your favorite and click “Apply Now” if you are satisfied with your decision.
  3. As you fill out your personal information and medical history, you’ll be asked for the names and contact information of your beneficiaries.
  4. Afterwards, you may review and e-sign your documents after providing the necessary financial account information.
  5. Once you’ve been approved, you may use Gerber’s eServices to automate payments, make changes to your beneficiary, or just keep your contact information current.

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

Children’s life insurance plans with college savings options may not give the best coverage. High-interest savings accounts or a 529 plan may offer a better return on investment than traditional investments. While most plans include a 25-year-old child rider, you can continue to get benefits for your children until they reach that age. Individual plans may be possible at that point.. Consider purchasing a life insurance policy with a kid rider to receive the best value for your money.

Parents typically get a life insurance policy for their children in order to ensure that they can be insured. In the event that your kid develops a health condition that prevents them from being insured in the future, your insurance will still cover them.

Gerber Life offers term and whole life

Gerber, on the other hand, is well recognized for its focus on whole life insurance plans. Term life insurance is also available through Gerber.

  • Term life. Life insurance policies from Gerber range in price from $15.42 per month to $300,000 per year, with coverage options ranging from $25,000 to $300,000.
  • Whole life. Gerber’s whole life insurance policies are one-of-a-kind, with a cash value of up to $150,000. To borrow against your policy’s cash value, you can take out an 8 percent loan. The following are some of its long-term objectives:
    • Gerber life grow-up plan. Children between the ages of 14 days and 14 years old are protected for up to $50,000 with premiums that are guaranteed for life. Coverage increases by more than a factor of two when you turn 18.
    • Guaranteed life. A guaranteed acceptance whole life insurance policy for persons aged 50 to 80, without the requirement for a medical examination. Between $5,000 and $25,000 coverage is available.
    • Gerber Life college plan. Life insurance and college savings can be bundled into a single plan with a guaranteed payment of $10,000 to $150,000 at the policy’s maturity. If the youngster is slain, the beneficiary gets the whole amount.
    • Young adult life. A $50,000 entire life insurance policy for 15 to 17-year-olds that includes a cash value builder. Your insurance coverage is doubled at the age of 18, and there is no increase in premiums.

Does Gerber offer burial insurance?

Yes. For those in their 50s to 80s, Gerber’s guaranteed life insurance acts as a burial policy. For as little as $5,000 to $25,000, loved ones can utilize the money to pay for your funeral and other last costs.

Gerber life insurance riders

For additional benefits, Gerber does not offer a lot of information, but it does point out a few fascinating ones, such as the possibility to live debt-free..

  • Accelerated death benefit rider. Up to 50 percent of your payment will be given to you if you’re diagnosed with a terminal illness and get this complimentary add-on.
  • Guaranteed insurability rider. Your grow-up policy can be supplemented by a “assured buy option,” which does not need a medical exam.
  • Payor benefits riders. Payment protection can be added to your Gerber grow-up plan if you die or become incompetent and cannot pay your premiums.
  • Waiver-of-premium rider. Even though you’re pregnant, you can maintain your insurance coverage if you become disabled and can’t pay your policy’s payments.

Gerber Life insurance reviews are mixed

According to consumer reviews on TrustPilot, Gerber’s customer service personnel are the best. Customers may feel secure knowing that Gerber has an A+ rating from the Better Business Bureau. However, keep an eye out for issues like policy cancellations and delayed claims. AM Best an A+ is given to the company.

Check out our Genworth Life Insurance Review to compare their offers.