![]() Coverage amounts range from $10,000 to $150,000, with no medical exam required as long as you’re between 18 and 50 years of age and just wanted $100,000 in coverage. The whole life policy provided by Gerber is similar to the term life policy, except that this is a permanent form of coverage with a cash value component. Additionally, when you convert the policy, proof of continued insurability is not required – your premium rate will just be adjusted according to your older age. However, a key feature with this policy is that you’ll have the option to either convert it to a permanent form of coverage or simply let it expire. A medical exam is not required for those age 18 to 50 years old for $100,000 in coverage, however, a few medical history questions will be asked prior to approval.Īs with most term life insurance policies, Gerber Term Life expires once the term ends. The policy terms available include 10, 15, 20, and 30-years of life insurance coverage. Considered a level term insurance product, your premiums will remain the same throughout the policy’s term period. This form of coverage offers face amounts ranging from $25,000 up to $150,000. The following provides a synopsis of each: Gerber Life offers its consumers the life insurance options of term life, whole life, guaranteed issue, children’s insurance, and accidental insurance. This excellent rating suggests that Gerber Life is financially stable and has the capability to pay its clients’ claims both now and in the future.Īlthough the life insurance provider has not been accredited by the Better Business Bureau (BBB), the organization has given Gerber Life an “A+” (excellent) rating.Īn insurance company is really only as good as the products it provides. Best is one of the leading insurance rating agencies and has awarded Gerber Life an “A” (excellent) rating. Gerber Life provides both term and whole life insurance policies for their adult policyholders and both a Grow-Up® Plan and College Plan for those policyholders’ children.Ī.M. The company currently serves 3.3 million policies and has over $2 billion in assets. Gerber Life Insurance Company is licensed to write life insurance throughout North America, including the United States, Puerto Rico, and Canada. Starting out in 1967, Gerber Life has been providing quality life insurance for young families at affordable rates. Gerber is essentially comprised of two different companies – Gerber Baby Food and Gerber Life Insurance.
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