Gerber Life Insurance Company Review

by Jeff Rose on June 16, 2017 · 0 comments

Life insurance is an essential tool to include in most people’s overall financial plans. This is because the proceeds that are received from a life insurance policy may be used for a variety of different purposes, including the payoff of debt, the continuation of ongoing living expenses, and the payment of funeral and other final expenses.

Gerber Life InsuranceWhile most people do not want to think about it, the unexpected can – and sometimes does – occur, regardless of what age a person is. With that in mind, it can be important to have at least some amount of life insurance coverage on both adults and children.

One company that offers quality life insurance coverage – with some different options is Gerber Life Insurance Company. In addition to providing insurance protection, this company also have a very good reputation for being strong and stable financially, and for paying out its life insurance policy claims in a timely manner.

When you’re shopping for life insurance coverage, there are hundreds and hundreds of different companies that you can choose from, and all of them have different advantages and rates. It can be an overwhelming search, but that’s why we’re are here to help. This article is going to look at Gerber Life Insurance and if they will be a good fit for you. If they aren’t, don’t worry, there are dozens of other companies that we have reviewed.

The History of Gerber Life Insurance Company

The Gerber Life Insurance Company has been in the business of providing quality life insurance coverage – primarily geared towards young families who have a limited budget – ever since 1967.

While Gerber is the same company as the Gerber “baby food people,” the insurance division is a separate entity. However, both have the same primary mission of helping parents to raise happy and healthy children.

Because of this, Gerber Life Insurance Company helps families to ensure that they will have ongoing financial protection – even in the event of the unthinkable. The products that are offered through Gerber Life can also help families to build up long-term savings that may be used throughout the years on items such as college tuition, paying for a wedding, or putting towards the down payment on a home.

Gerber Life Insurance Company Review

Gerber Life Insurance Company has grown considerably over the years, and today the company is licensed to offer life insurance throughout the United States, as well as in Puerto Rico and Canada. There is currently more than $45 billion of life insurance in force via more than 3.3 million policies through Gerber Life that can help to provide the financial security that families need.

The customer service representatives at Gerber Life are available to answer questions and / or concerns of its customers (and prospective policyholders) between the hours of 8:00 a.m. and 7:00 p.m. Eastern time Monday through Friday, and between 9:00 a.m. and 5:00 p.m. Eastern time on Saturday. These reps can be contacted via a toll-free phone life, as well as via fax, email, or regular mail.

To obtain regular information regarding the products and services that are offered by Gerber Life Insurance Company, as well as to receive updated tips and news, website visitors can sign up for an email newsletter.

Insurer Ratings and BBB Grade

Because Gerber Life Insurance Company has such a strong reputation for being there for its customers – both in the present and in the future – the insurer has been provided with very high ratings from the insurer ratings agencies. As of May 2016, Gerber Life Insurance Company has the rating of A (Excellent) from A.M. Best and Company.

In addition, Gerber Life Insurance Company has been given the grade of A+ from the Better Business Bureau (BBB). This grade is on an overall scale of between A+ and F. Over the past three years; Gerber Life Insurance Company has closed 76 complaints via the Better Business Bureau – of which 27 were closed within the past year.

Of these total 76 complaints, 49 had to do with the company’s product or service. Another 14 of these complaints had to do with the company’s advertising or sales, 11 were about billing and / or collection issues, and two were about delivery.

While Gerber Life Insurance Company is not an accredited member of the Better Business Bureau, the company is a member of the Direct Marketing Association (DMA).

Life Insurance Products Offered by Gerber Life

Gerber Life Insurance Company offers a variety of different life insurance products to choose from – and because of this, the policyholders are better able to “customize” the policy that can work the best for them and their specific needs. Life insurance coverage is available to people at every age, as well as for every stage of life.

The life insurance products that are offered though Gerber Life includes the following:

  • Gerber Grow Up Plan – The Gerber Grow Up plan is a whole life insurance policy that can offer financial protection and build up cash value over time. This plan will guarantee life insurance coverage throughout the time, and the covered child reaches adulthood. Face amounts can range between $5,000 and $50,000 in coverage – and, as long as the premiums remain paid, the plan will also accumulate cash value. When the covered child reaches age 18, the amount of the life insurance coverage will automatically double, without the need for the insured child to prove evidence of insurability.
  • Term Life Insurance – Term life insurance is the most basic type of life insurance protection that can be purchased. This is because if offers pure, death benefit protection only, without any cash value or savings build up. Because of this, term life insurance can be an affordable option for obtaining a large face amount of protection. The coverage amounts for the Gerber Life Insurance Company’s term insurance protection range between $25,000 and $150,000 and the premium cost can be as low as $8.00 per month. The amount of the premium that is due will remain fixed throughout the duration of the term insurance policy – and, there is typically no medical exam required for applicants who are between the ages of 18 and 50 who are purchasing coverage of up to $100,000. Policy duration options include 10, 15, 20, or 30 years.
  • Whole Life Insurance – A whole life insurance policy will provide both death benefit protection and cash value. This permanent life insurance coverage can be purchased with face amounts that range from $25,000 up to $150,000. There is no medical examination that is necessary for applicants that are between age 18 and 50 and who are purchasing coverage of up to $100,000. The cash value in this plan is allowed to grow on a tax-deferred basis, which means that no tax is due on the growth unless or until the funds are withdrawn. This cash value can also be borrowed against for the purpose of covering lost income, paying for a child’s or a grandchild’s education, or for supplementing income.
  • Guaranteed Life – As its name implies, the guaranteed life plan through Gerber Life Insurance Company offers guaranteed acceptance for applicants who are between the ages of 50 and 80 years old – regardless of health condition. There is no medical exam required, nor any long health related questionnaires to complete. Coverage can be purchased in the range of $5,000 to $25,000. This policy also offers cash value that can grow on a tax-deferred basis.
  • Accident Protection – Because accidents can occur, Gerber Life Insurance Company also offers an accident protection plan. This plan can provide insureds with financial protection against accidental death or for a covered disabling injury. The amount of coverage on this plan ranges from $20,000 to $100,000 in death benefit protection. And, the cash benefit on this plan can help in paying for various out-of-pocket medical expenses, as well as lost income and / or other expenses. If a married couple applies for coverage, they can obtain a combined total of $200,000, provided both spouses are between the ages of 19 and 69.
  • Gerber Life College Plan – In addition to offering death benefit protection, life insurance cash values can also be used for needs during life. With the Gerber Life College Plan, cash value will grow over time and is not impacted by the ups and downs of the stock market. When the policy reaches maturity, there is a guaranteed payment of between $10,000 and $150,000 – provided that premiums have been paid.

How to Find the Best Life Insurance Premium Rates

When searching for the best life insurance premium rates on Gerber Life Insurance products – or any insurer’s coverage – it is typically recommended to work with an independent life insurance brokerage. That way, a number of different policies, life insurance companies, and premium quotes can be compared.

One way that you can get much lower insurance premiums is to cut out any tobacco that you use. Regardless of which company that you choose, Gerber or any of the others, they will all charge you more if you’re a smoker. If you use any type of tobacco, then you’re at a much higher risk of being diagnosed with severe health complications, like cancer or cardiovascular complications. That means that you’re a much greater risk to the insurance company, and they are going to offset that risk by charging you much higher premiums. In fact, smokers are going to pay twice as much for life insurance versus what a non-smoker is going to pay for the same sized policy. If you want to save money, you’ll need to kick that bad habit once and for all, it can save you thousands of dollars.

Another way to get affordable rates through Gerber, or any other life insurance company, is to improve your overall health. The insurance company is going to require that you take a medical exam, and the results of the exam are going to play a major role in how much you pay for your coverage. If you want to save money, you’ll need to get better results by improving your health.

The two best ways to do that are by sticking to a healthy diet and getting regular exercise. Both of these are going to help you shed pounds, lower your blood pressure, and reduce your risks of being diagnosed with severe health complications. If you’re overweight, then you should expect to pay more for your insurance coverage. Any overweight applicant is going to pay around 50% more for life insurance protection versus someone that’s in a healthy weight range.

We can help you to get all of the information that you need for making a well-informed life insurance purchasing decision. To move forward, just simply take a moment to fill in the information in the quote form on this page. If you have any additional questions, please feel free to contact us directly via phone, toll-free, at 888-836-7071.

Life insurance can be a confusing product – but, if you have an ally on your side, you can get your important questions answered so that you can ensure the peace of mind that you and your loved ones deserve. So, contact us today – we’re here to help.

Unlike a traditional insurance company, we are a group of independent insurance brokers, which means that we don’t work with one single insurance company. Instead, we work with dozens of highly-rated companies across the nation, which means that we bring you all of the best insurance rates directly to you. Because of insurance company is different, you could spend weeks calling companies to get the best rates. Instead, let us do all of that hard work.

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