fixed) throughout the term period.Īgain, coverage options can be found between $25,000 and $150,000 and the premiums can start at just $8.00 each month. Whichever length of plan you choose, the premium will remain the same (i.e. With Gerber Life Insurance, you will find that the minimum term is ten years before then going up in intervals of five years to 30-year plans (with the exception of a 25 year term). Generally, these will be cheaper because there is no cash value building up and because they only last for a certain amount of time. On the flip side, this is a policy that has no cash value but just the death benefit. If you wanted no medical examination whole life, a face value policy of up to $100,000 can normally be obtained. If necessary, these funds can be used for retirement, towards buying a home, paying debts, college expenses, or even just a vacation.Īs long as the premiums are paid when due, the death benefit will remain in place and can be found from $25,000 all the way up to $150,000 for people between the ages of 18 to 50. As well as the guaranteed death benefit, which will go to a life insurance beneficiary, guaranteed cash value accumulation will also build over time tax deferred and available for use whenever required. Many of Gerber’s policies are simplified issue or guaranteed issue life insurance.įirst, this insurance policy will last until you die and offers many of the standard terms as seen with normal whole life policies. In truth, they do have a wide range of products from the standard packages to the rare finds that you won’t find with too many other companies.

If they don’t offer the type of product you are looking for, you might need to look elsewhere. To start, let’s take a look at the products offered because you need to know whether they can help you at all. With their main headquarters in Michigan, Gerber Life Insurance offers numerous products in the United States as well as in Canada and even Puerto Rico. For example, affordable child life insurance policies are now available which enable parents to have peace of mind moving forward and provide cash accumulation for the child to use later in life. In fact, the whole company has a goal and that is to help all parents raise ‘happy, healthy children’.įurthermore, they have put a lot of work into getting parents to trust them with financial protection as well as many other types of protection which is why they are one of the first companies that young parents tend to contact. Over time, the company’s many products have reflected this and they are still helping thousands of young families each and every year. Sure, you may have heard all about them but are they any good? Also, what products do they actually offer? Let’s take a look… 2023 Review of Gerber Life Insurance About Gerber Life Insurance CompanyĪfter entering the life insurance market back in the late 1960s, Gerber Life’s initial mission was to help young families obtain life insurance even with a small budget. Therefore, we want to help you with this decision and it starts today with a review of Gerber Life Insurance, currently one of our favorite final expense insurance companies.

However, the decision itself to set up a policy can be a little tricky because there are so many companies claiming to be the best and offer the best deals. In today’s world, we are just starting to value life insurance once again and this means realizing just how important it can be to protect family members in the shape of a death benefit.

Gerber baby life insurance grow up plan