Gerber Life Insurance Company

Company Name:

Gerber Life Insurance Company

Company Summary:

The Gerber Life Insurance Company is devoted to helping young families. As the affiliate of the Gerber Products Company, this insurance provider is truly committed to providing protection for young parents and their children. “We’re with you every step of the way,” is Gerber’s motto, and with an assortment of life insurance products made for those 14 days old and above, this company remains true to its goal. The Gerber Life Insurance Company is the chosen insurance provider by more than 2 million individuals, and this company is licensed in all states, as well as Puerto Rico and Canada. With an impressive $31 billion in coverage and over $1.2 billion in assets, the Gerber Life Insurance Company is undoubtedly a reliable provider for the young and old alike.

Types of Life Insurance Products

The Gerber Life Insurance Company specializes in whole life and term life insurance.

Whole Life Insurance

Gerber has several options for those interested in whole life insurance policies.

- The Grow-Up Plan: This policy was made for children 14 days old to 12 years old, and this offers up to a maximum of $30,000 in protection. This amount doubles when the insured reaches 21 years of age. The insured may also receive cash benefits.

- Young Adult Plan: Those who are 13 to 17 years in age may have this type coverage. The premium payments are affordable and they do not increase throughout the duration of the policy. Cash benefits are also included in this package.

- Whole Life Insurance Policy: This plan is for those who fall under the 18 to 65 age group. Cash and loan benefits increase during the policy’s life. Premium payments remain the same the entire time, and those who are completely disabled before the age of 60 no longer have to pay premiums.

Term Life Insurance

Like the whole life policies, The Gerber Life Insurance Company term life insurance plans come in different forms.

- Gerber Life Easy Plan: One may choose between 10 or 20 years for this policy’s term. Those who are 18 years to 70 years of age may receive coverage up to an amount of $95,000. Life insurance, no medical – this term life policy is for everyone. A policy holder may also convert this to a whole life plan up to age 65.

- 10-Year Term Life: This is a more flexible and affordable term life plan. Made for those in the 18 to 59 age bracket, this policy’s required payments will not increase throughout the term. It is renewable and convertible; families may rely on the $50,000 coverage.

- 20-Year Term Life: Adults who are in the 18-49 age group may get this policy. The rates are permanent, and the premium payments are affordable. This plan can be converted to whole life up to age 65.

- Gerber Life’s Guaranteed Life Burial Expense Plan: This offers coverage to those who are 50 to 75 years of age. $7000 is guaranteed to the policy holder. Cash benefits are included in the package.

- Gerber Life’s Accident Protection Plan: Those who are 19 to 79 may get coverage up to a maximum amount of $75,000 in the case of accidental death. For spouses who will get this policy, $100,000 worth of coverage will be given.

A term life insurance quote will help interested parties decide which plan is most ideal. To know more about these policies, get a term life insurance quote online.

Company Address:

1311 Mamaroneck Avenue
White Plains, NY 10605