InsuredBetter's Gerber Life Insurance Company Rating
3 Stars
We award Gerber Life Insurance company a final rating of three out of five stars. The carrier has been around since 1967 and has excellent ratings from AM Best and the Better Business Bureau (BBB). However, the carrier is not accredited by the BBB and has received a high volume of customer complaints.
While Gerber Life offers several types of life insurance for customers of all ages, including guaranteed issue coverage, the carrier does not offer any universal life insurance policies. Further, the carrier's official website is dated, and no mobile app is available for customer policy management.
Gerber Life Insurance Company Pros and Cons:
| Pros: | Cons: |
|---|---|
Rated "A+" (excellent) by AM Best
|
No mobile app available
|
|
Rated "A+" (excellent) by the BBB
|
Large volume of customer complaints
|
|
Offers life insurance products for children, teens, adults, and seniors
|
Not a BBB-accredited business
|
|
Good financial stability
|
No universal life insurance policies
|
Gerber Life Insurance Products by Type
Gerber Life is a specialized insurance company that focuses on life insurance. The carrier offers the following insurance products:
Life insurance
- Accident protection
- Senior life insurance
- Child life insurance
Your independent insurance agent can help you find more information about the coverage offered by Gerber Life and help you decide if this insurance company is right for you.
Gerber Life Insurance Company Life Insurance
Gerber Life specializes in several types of life insurance products.
Coverage types, features, and benefits:
Term life insurance
Customers can buy term life policies from Gerber Life for coverage terms of 10, 20, or 30 years, with coverage limits of $100,000 to $2,000,000. Medical exams aren't required for many applicants, but are required for those over age 56 applying for more than $100,000 of coverage.
Whole life insurance
Gerber Life offers three types of whole life insurance, with coverage limits ranging from $50,000 to $1,000,000 for adults. The carrier's guaranteed issue coverage is available with no medical exam for applicants under age 56.
Gerber Life also offers whole life insurance for children and teens. This includes its Grow-Up Plan for children at least 14 days old with coverage up to $50,000 that can become $100,000 by age 18, and its Life Insurance for Young Adults coverage that automatically doubles at age 18.
Endowment life insurance
Gerber Life's College Plan pays out a lump sum if the policyholder dies or on a specific date. The plan is meant to be a college savings plan doubling as life insurance for adults.
This plan provides insurance for one of the student's parents, and often, the payout date chosen falls around the time the child would graduate. Coverage ranging from $10,000 to $150,000 is available.
Accidental death and dismemberment insurance
Gerber Life offers accident protection in amounts ranging from $50,000 to $500,000. This coverage pays out if the policyholder suffers a disabling injury or dies while insured.
Gerber Life Insurance Term Life Insurance Average Prices
We pulled average quotes for term life insurance from Gerber Life Insurance for applicants for a term life insurance policy offering a $500,000 death benefit. All sample applicants are in good health and are non-smokers.
| Gender | Age | Average Monthly Term Life Insurance Rate |
|---|---|---|
| Female | 20 | $34.58 |
| 30 | $37.92 | |
| 40 | $58.75 | |
| 50 | $164.58 | |
| 60 | $624.17 | |
| Male | 20 | $40.83 |
| 30 | $43.33 | |
| 40 | $75.42 | |
| 50 | $198.75 | |
| 60 | $746.26 |
What Discounts Does Gerber Life Offer?
We were only able to find one discount advertised by Gerber Life:
Auto billing discount: Offered to customers who pay their insurance premiums directly from their bank account every month. Savings are up to 10% and available for select plans only.
An independent insurance agent can provide better discount information and premium quotes for coverage through Gerber Life. When it comes to insurance coverage, independent insurance agents work hard to help you get the most for your money.
Gerber Life Customer Service
Gerber Life offers phone and email claims reporting, tracking, and management for its policyholders. The carrier also provides the following customer service options:
- Phone
- Fax
- Snail mail
| Days | Hours (EST) |
| Monday-Friday | 8 a.m.-7 p.m. |
| Saturday | CLOSED |
| Sunday | CLOSED |
The best way to ensure an effortless customer service experience is to work with an independent insurance agent. Independent insurance agents can help handle claims and other matters for you so you can relax and enjoy your coverage.
Gerber Life FAQs
What is Gerber Life's average claim response time frame?
Gerber Life offers claims reporting through a couple of mediums, including email and phone. However, the insurance company does not provide an official claims response time frame promise.
What is Gerber Life's customer service availability?
Gerber Life allows customers to file claims over the phone during extended hours during the week. The carrier’s comprehensive social media presence extends across Facebook, X, Instagram, Pinterest, YouTube, and LinkedIn, making it much more accessible to customers.
What is Gerber Life's claims process?
Gerber Life offers a couple of options for claims reporting, including via email and phone. However, the insurance company does not detail its claims process on the official website or social media platforms. If customers have questions about filing or the claims process, they can contact Gerber Life via phone or email, or get in touch with an independent insurance agent.
Does Gerber Life's Insurance create a user-friendly experience for customers?
Gerber Life’s official website is a bit dated. It also lacks information about the carrier's claims process or response time frame. The carrier is available by phone at extended weekday hours and has a comprehensive social media presence.
The insurance company also lacks a mobile app for customers to manage their policies. Overall, Gerber Life could stand to improve in the user-friendliness department.
Is Gerber Life Insurance good?
Gerber Life Insurance offers many life insurance products for children, teens, adults, and seniors, and has excellent official ratings. However, a high volume of customer complaints is a cause for concern.
Sources
https://www.gerberlife.com/customer-service/contact-gerber-life
https://www.nerdwallet.com/article/insurance/gerber-life-insurance-review
https://www.investopedia.com/gerber-life-insurance-review-5077502
https://www.businessinsider.com/personal-finance/gerber-life-insurance-review
https://www.forbes.com/advisor/life-insurance/gerber-life-insurance-review/
https://www.bankrate.com/insurance/reviews/gerber/
https://www.usnews.com/insurance/life-insurance/gerber-life-insurance
https://ratings.ambest.com/CompanyProfile.aspx?BL=0&ambnum=7299&AltNum=14937299&AltSrc=3
https://www.bbb.org/us/mi/fremont/profile/life-insurance/gerber-life-insurance-company-0372-15002380/customer-reviews
https://www.consumeraffairs.com/insurance/gerber-life-insurance.html
