This policy offers a guaranteed payment of $10,000 to $150,000 when it reaches maturity as long as premiums are paid, yet the beneficiary receives a death benefit from the policy if the insured passes away before the term ends. Gerber Life also offers the Gerber Life Insurance College Plan, which is a unique type of policy that builds cash value for 10 to 20 years. Guaranteed life insurance for seniors from Gerber Life also builds cash value you can borrow against to cover unexpected expenses. This protection is available in amounts from $5,000 to $25,000, and it can apply regardless of health. Guaranteed Life for SeniorsĪpplicants ages 50 to 80 can also consider guaranteed coverage from Gerber Life with no medical exam required. Plans are available in amounts of $5,000 to $50,000, and coverage can be continued into adulthood. This plan from Gerber Life is available for teenagers who are 15 to 17, and it is a whole life plan that doubles in value automatically at the age of 18. The amount of coverage doubles when the insured turns 18, and higher coverage limits can be purchased in adulthood regardless of occupation or health. Parents buy these plans for children so their dependents have guaranteed coverage they can build on for life. The Gerber Grow-Up Plan is for children under the age of 14, and it is essentially a whole life policy for kids that can be extended to last a lifetime. The premiums on whole life from Gerber Life are also fixed, meaning they will not increase over time. Whole life coverage from Gerber Life builds cash value you can borrow against, and the death benefit is meant to last a lifetime as long as premiums are paid. This coverage is typically available in amounts from $50,000 to $300,000, although plans with a death benefit worth up to $1 million may also be available. Gerber Life also offers whole life insurance for adults ages 18 and older. Gerber Life says premiums on this kind of coverage are fixed, so they will not change for the duration of the policy's term. You can secure coverage in amounts from $100,000 to $300,000, and there's no medical exam required if you're approved. Term life insurance from Gerber Life is offered in terms of 10 years, 20 years and 30 years. See our picks for the best life insurance companies » If you're in the market for child life insurance, guaranteed life insurance for seniors, inexpensive term coverage or even help paying for college, read on to learn more about this company's products and how they work. Gerber Life insurance policies likely work best for people seeking affordable premiums, lifetime coverage for their dependents, or guaranteed issue coverage as a senior citizen. This means the company has the financial strength to pay out claims, and that you can feel confident you're buying a policy that will hold up if you find yourself in the unfortunate position of having to file a claim. Gerber Life has been offering coverage for families since 1967, and the highly rated insurance provider received an "A" (Excellent) rating from AM Best in January 2023.
This includes whole life insurance for children and adults, as well as guaranteed life insurance protection for senior citizens. Gerber Life offers highly-rated life insurance plans that can cover everyone in your family during each stage of life. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.
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