Whether you are planning to invest for your future or to protect your family, Gerber Life Insurance has a wide range of products for you to choose from. The company offers two types of insurance: Term and Grow-Up Plan. Term Life policies offer low gains but can help you save for college, while Grow-Up Plans offer coverage for your child’s entire life.
Gerber Life Insurance is a good option for accident protection
The Gerber Life Accident Protection Plan can help protect your family in case of death caused by accident. It pays a death benefit of up to $25,000 and does not require a medical exam. This insurance is available to anyone regardless of health. The only caveat is that it only covers accidents; natural causes and illnesses do not qualify.
Gerber Life Insurance is financially sound and offers excellent customer service. The company has an excellent rating with the NAIC. Besides the good customer service, Gerber has several different coverage options perfect for accident protection.
It offers coverage from $20,000 up to $100,000
As a leading insurance company, Gerber Life Insurance has a variety of products to offer consumers. The company’s website allows customers to quickly get a quote, apply for a policy, and even file a claim. Gerber also offers policies with no exam requirements, so there are few excuses not to purchase coverage.
The company’s website also features many resources for consumers and families. For example, there are articles, videos, and a life insurance terminology tool. The website also lists important information about canceling a policy.
It does not require a medical exam.
Gerber Life Insurance’s application process differs for each individual, but most applicants do not need a medical exam. Applicants must answer a questionnaire about their health and age, but no medical exam is necessary if they are under 51. They can apply online, by phone, or via regular mail. The application process takes only a few minutes, and customer service representatives are courteous and easy to reach.
You must provide an email address to receive a free quote from Gerber Life Insurance. This information is required for the quote comparison process, but you can avoid receiving unsolicited emails from the company. Gerber Life offers low coverage limits. You’ll need to call customer service if you need a higher death benefit. The highest death benefit offered by Gerber Life is $1 million. Many other companies offer coverage in the millions.
It has a tax-deferred cash value.
The Gerber Grow-Up Plan is a life insurance option that automatically doubles coverage at age 18 and builds a cash value. The plan is tax-deferred and available in all 50 states. The plan is also available to grandparents who want to purchase life insurance for their grandchildren. The cash benefit is tax-free, and there are no restrictions.
The College Plan provides up to $150,000 coverage for a child in college. The plan’s term is determined by the child’s college expenses, typically ten years. At the end of the term, the policy pays out its total amount. If a parent dies during the policy’s term, it will recoup the entire amount of premiums.
It is flexible
Gerber Life Insurance offers flexible coverage options and customizable premiums. For example, you can choose the length of time you want your coverage to last, such as 10, 20, or 30 years. There are also different payout options to suit different budgets. You can even borrow from the cash value of your policy. If you need money now, you can use the cash value to cover your bills or make other important purchases.
Gerber Life Insurance offers whole life insurance plans ranging from $50,000 to $300,000. Their application process is easy and does not require a medical exam for adults 18 to 50. However, the company looks at your health and family medical history.
It is affordable
Gerber Life Insurance is a cost-effective way to guarantee your child’s future insurability. This plan includes a cash value, which increases with time, and offers guaranteed coverage. The company also sets money aside for its customers’ benefit through a cash value account. The cash value account allows you to use the money for various expenses, such as college textbooks.
Gerber offers various life insurance products, ranging from $5,000 to $50,000. The coverage starts at age 14 and doubles at age 18. There are no premium increases for this coverage, but future coverage will be based on adult rates.