Gerber Life Insurance has been a trusted provider since 1967. It offers a variety of adult life insurance policies tailored to different needs and life stages. Whether you’re starting a family, planning for retirement, or seeking coverage as a senior, Gerber Adult Life Insurance provides options to ensure your loved ones are protected. This guide explores Gerber’s adult life insurance offerings, their features, benefits, and how to choose the right policy for you.
Table of Contents
About Gerber Life Insurance
Gerber Life Insurance initially focused on children’s life insurance but has since expanded to offer comprehensive solutions for adults as well. As part of the Western & Southern Financial Group, a financially strong company, Gerber brings over 50 years of experience to the table. Their adult life insurance policies are designed to be affordable, flexible, and accessible, catering to individuals and families at various stages of life.
Types of Adult Life Insurance Policies
Gerber offers four main types of adult life insurance: term life, whole life, guaranteed life, and accident protection. Each policy serves a distinct purpose, enabling you to select one that aligns with your financial goals and circumstances.
1. Term Life Insurance
Overview
Term life insurance provides coverage for a set period, typically 10, 20, or 30 years. If the policyholder passes away during the term, the policy pays a death benefit to the beneficiaries. It’s a cost-effective option for those needing temporary coverage, such as during the years when children are young or a mortgage is active.
Gerber’s Family Plan Term Life Insurance
- Coverage: $100,000 to $2,000,000.
- Term Options: 10, 20, or 30 years.
- Family Coverage: Covers you, your spouse, and children under one policy.
- Premiums: Fixed for the term, ensuring no surprises. For example, a healthy, non-smoking 18-year-old female can get $250,000 in coverage for about $15 per month with automatic bank deductions.
- Application: Easy online process; most applicants get coverage in minutes without a medical exam (up to $1,000,000). Applicants over 56 seeking over $100,000 may be required to undergo a medical examination.
- Features: Option to renew or convert to whole life insurance at the end of the term without another medical exam.
- Availability: Not available in New York, California, Florida, South Carolina, or South Dakota.
- Eligibility: Must be a U.S. citizen or permanent legal resident; no coverage if a Power of Attorney or Guardianship exists (except for legal guardians of children).
Who It’s For
This policy is suitable for young families, new homeowners, or anyone requiring substantial coverage for a specific period. It’s ideal for those on a budget who want high coverage at a low cost.
2. Whole Life Insurance
Overview
Whole life insurance offers lifelong coverage as long as premiums are paid. It also builds cash value over time, which can be borrowed against or withdrawn, making it a dual-purpose tool for protection and savings.
Gerber’s Family Plan Whole Life Insurance
- Coverage: $50,000 to $1,000,000 (maximum $500,000 for ages 56+).
- Age Range: 18 to 80.
- Premiums: Level and locked in; save up to 17% with automatic payments.
- Cash Value: Accumulates over time; you can borrow at an 8% interest rate or surrender the policy for its cash value (note that loans may reduce both the cash value and the death benefit).
- Family Coverage: Includes spouse and children on the same policy.
- Application: Online or by phone; up to $1,000,000 without a medical exam for eligible applicants. For amounts over $56,000, a medical exam may be required.
- Availability: Not available in New York, California, Florida, South Carolina, or South Dakota.
- Eligibility: Same as term life; U.S. citizen or permanent resident, no Power of Attorney or Guardianship (except for legal guardians of children).
Who It’s For
Whole life insurance is perfect for those seeking lifelong protection and a savings component. It’s great for estate planning, leaving a legacy, or supplementing retirement funds.
3. Guaranteed Life Insurance
Overview
Guaranteed life insurance is a whole life policy with modified benefits, designed for seniors. It requires no medical exam, and acceptance is guaranteed regardless of health history, making it accessible for those with health concerns.
Gerber’s Guaranteed Life Insurance
- Age Range: 50 to 80 (50 to 75 in New York).
- Coverage: $5,000 to $25,000 ($15,000 maximum in South Dakota).
- Premiums: Affordable, starting at 59 cents per day for a $5,000 policy (based on a healthy 50-year-old female in most states).
- Cash Value: Builds over time and can be borrowed after the initial policy years.
- Death Benefit: 110% of earned premiums if death occurs within the first two years (except accidental death; one year in North Dakota); full benefit after two years.
- Application: Simple online or phone process; receive a free quote with just four questions.
- Features: Covers final expenses like medical bills, burial costs, or unpaid debts.
- Availability: Available in most states; please check for any local restrictions.
- Eligibility: U.S. citizen or permanent resident; no Power of Attorney or Guardianship (except for legal guardians of children).
Who It’s For
This policy is ideal for seniors who want to cover final expenses without health-related barriers. It ensures loved ones aren’t burdened with costs like funeral expenses.
4. Accident Protection
Overview
Accident protection provides financial support for accidental death or disabling injuries. It’s often an add-on to life insurance policies, offering extra protection for unforeseen events.
Gerber’s Accident Protection
- Age Range: 18 to 69.
- Coverage: Financial support for accidental death or injury; specific amounts vary.
- Purpose: Helps cover medical expenses, lost income, or other accident-related costs.
- Application: Available as an add-on; contact Gerber for details.
Who It’s For
This is suitable for anyone seeking additional protection against accidents, particularly those in high-risk occupations or those with active lifestyles.
Key Features and Benefits
| Policy Type | Coverage Range | Age Range | Key Benefits |
| Term Life Insurance | $100,000–$2,000,000 | 18–70 | Affordable family coverage with fixed premiums, convertible to whole life. |
| Whole Life Insurance | $50,000–$1,000,000 | 18–80 | Lifelong coverage, cash value, family coverage, level premiums. |
| Guaranteed Life Insurance | $5,000–$25,000 | 50–80 | No medical exam, guaranteed acceptance, covers final expenses, and cash value. |
| Accident Protection | Varies | 18–69 | Financial support for accidental death or injury is a budget-friendly add-on. |
- Family Coverage: Gerber’s term and whole life policies enable you to cover your spouse and children under a single policy, simplifying management and potentially reducing costs.
- No Medical Exam Options: Many policies, especially guaranteed life insurance, don’t require health checks, making coverage more accessible.
- Cash Value: Whole life and guaranteed life policies build cash value, offering financial flexibility.
- Affordable Premiums: Policies start at low costs, with discounts for automatic payments.
- Trusted Provider: Gerber’s long history and strong financial backing ensure reliability.
How to Choose the Right Policy
Choosing the right life insurance policy depends on your needs, budget, and goals. Consider these factors:
- Coverage Duration: Term life insurance is best suited for temporary needs (e.g., until children are financially independent). Whole life or guaranteed life suits lifelong protection.
- Budget: Term life insurance is the most affordable option, while whole life insurance offers more features at a higher cost. Guaranteed life is budget-friendly for seniors.
- Health Status: If health issues prevent you from obtaining traditional coverage, guaranteed life insurance is a viable option.
- Family Needs: Covering your entire family under one policy can streamline your insurance planning.
- Financial Goals: A whole life policy’s cash value can support long-term goals, such as retirement or legacy planning.
Steps to Choose:
- Assess your financial obligations (e.g., mortgage, debts, children’s education).
- Determine how long you need coverage.
- Evaluate your budget for premiums.
- Consider health and eligibility for medical exams.
- Contact Gerber Life at 866-503-4480 or visit their website for a free quote.
Cost and Affordability
Gerber’s policies are designed to be budget-friendly:
- Term Life: As low as $15/month for $250,000 coverage (18-year-old female, non-smoker).
- Whole Life: Premiums vary but remain fixed; save up to 17% with automatic payments.
- Guaranteed Life: Starts at 59 cents/day for $5,000 coverage (50-year-old female).
- Accident Protection: Affordable add-on; contact Gerber for specific rates.
Automatic payment discounts and flexible payment options (e.g., bank deductions, credit/debit cards) make premiums manageable. Always request a personalized quote to understand exact costs based on your age, health, and coverage needs.
Why Gerber Stands Out
- Comprehensive Options: Covers all life stages, from young adults to seniors.
- Family Plans: Unique ability to insure entire families under one policy.
- Accessibility: Guaranteed life insurance provides coverage for seniors with pre-existing health conditions.
- Experience: Over 50 years in the industry, backed by Western & Southern Financial Group.
- Customer Support: Easy application process and responsive support via phone (866-503-4480) or online.
Considerations and Limitations
- Availability: Some policies aren’t available in New York, California, Florida, South Carolina, or South Dakota.
- Eligibility: Must be a U.S. citizen or permanent resident; no coverage if a Power of Attorney or Guardianship exists (except for legal guardians of children).
- Coverage Limits: Guaranteed life has lower coverage amounts ($5,000–$25,000), suitable for final expenses but not significant legacies.
- Cost Comparison: Some reviews suggest that Gerber’s premiums may be higher than those of competitors for specific policies. Therefore, consider comparing quotes if cost is a primary concern.
Conclusion
Gerber Adult Life Insurance offers a range of policies to meet diverse needs, from affordable term life for young families to guaranteed life for seniors. With family-focused plans, no-exam options, and a trusted reputation, Gerber provides reliable solutions for financial security.
By assessing your needs and budget, you can select a policy that ensures peace of mind for you and your loved ones. For more information or to get a free quote, visit Gerber Life’s website or call 866-503-4480.
