Let us delve straight to what this great insurance company stands for. Gerber Life Insurance Login gives you access to your online account for free. It is a portal built for your information access and self-serving.
The Group-Up and Collage insurance coverage for kids and teenagers from Gerber Insurance is not a good investment. However, there is better insurance coverage out there you can buy for your children and grandchildren. But if you are looking forward to purchasing Gerber’s Life guaranteed insurance for seniors.
Gerber Grow-Up Plan for Children, Saving for College and Life Insurance Overview
With no sentiment, I did encourage you to buy the adult and senior life insurance plan. Because it’s of a higher value. There reviews everywhere with complaints on how Child life insurance, saving for college, and term life insurance coverage from Gerber Insurance company isn’t the best ideal for anyone seeking better insurance coverage for their child, grandchild, or teenagers.
However, if you are seeking to buy adult or senior life insurance. It might be considered a better insurance package. In that, it’s a good insurance plan for people who have pre-existing medical conditions. More so, it’s a Guaranteed Acceptance Life Insurance policies and Simplified Issue policies.
On the other hand, the Gerber Life Plan for adults and seniors – Guaranteed Acceptance Life Insurance policies and Simplified Issue policies don’t require health questions. Because these policies aren’t fully underwritten by Gerber insurance companies, they typically include a lower death benefit than other policies that do require a medical exam. Furthermore, the adults and senior plan provide good rates.
That said, the Gerber Life’s Grow-Up Plans and College Plans are highly limited in coverage, limited death benefits, and low-value growth. As such, it cannot be seen as an investment. On the other hand, the Term Life Insurance plan from Gerber is also coverage limited, added with high premiums.
Gerber Life Insurance Company
The Gerber Life Insurance Company provides juvenile/children and family life insurance products to middle-income families along with medical insurance to small and medium-sized businesses. That said, Gerber provides different life insurance policies for children under 14 years (Grow-Up plan), adults between 18 to 70 years (Term Life Plan), adults within the age range of 18 to 70 years (Whole life Plan), and finally, seniors from 50 years and above (Guaranteed Life policies). In all, I strongly recommend other insurers for term policies and policies that cover children and saving for college.
I will discuss in detail the four insurance policies/products offered by Gerber Insurance company.
- Whole Life Plan
- Family Life Insurance Plan
- Accident Protection Insurance
- Gerber Life College Plan
The Grow-Up Plan from Gerber is basically for kids from 14 days to 14 years. It’s designed as a whole life insurance policy with different entry or level premiums and cash value. More so, parents and grandparents can purchase the grow-up plan for their children. Although, the parents hold the ownership of the policy until the child turns 21. Consequently, at 21 years is when the policy ownership is transferred to the young adult as well as the sole right to purchase additional coverage with no health exam.
Furthermore, for a fixed monthly premium, you get from $5,000 – $50,000 of life insurance coverage on your child. So, you can apply anytime from when your child is 14 days old to 14 years old. At age 18, the coverage doubles (so if you initially purchased $30,000 that becomes $60,000).
On the other hand, this initial doubling in coverage at age 18 does not increase the premium. But if your child elects any future increases in coverage, it will be priced at Gerber’s standard adult rates at the time.
More so, the policy has “cash value”, meaning there’s an investment balance that can be accessed. However, know that Gerber will charge you interest to borrow from your cash value – 8% interest, to be exact.
Gerber Life Insurance Login
Next, Gerber Life Insurance Login gives you access to your online account for free. It is a portal built for your information access and self-serving. To login to your online account, you need to;
- Firstly, visit https://www.gerberlife.com/
- Locate the My eService Account and key in your Gerber Life Insurance Login details – Username and Password.
- Click “Login” to access your online account.
Having issues with Gerber Life Insurance Login, Click on the “Forgot Password” button to reset your account online.
The Downside of the Gerber Life Grow-Up Plan
Because of the low purchase value of the child life insurance, the cash value accumulated by the policy is always nothing to ride home about. More so, the Grow-Up plan takes 3-4years to accumulate any cash value. The reason being that the first few year’s premium payments are used to offset insurer’s fees.
Consequently, if you decide to cancel your policy at an early stage, you will likely leave with no money or just a few dollars. More sadly is the fact that holding the policy for 25years still doesn’t accumulate a large amount of cash value for expensive things.
To help you better understand what you will get when you purchase or when your child holds Gerber policy for 25 years, I pulled a table of data populated by Valuepenguin showing the cash value of the Gerber Grow-Up plan after 25 years.
Initial Death Benefit Monthly Premium Cash Value After 25 Years
$5,000 $3.27 $981
$10,000 $6.53 $1,959
$15,000 $9.80 $2,940
$25,000 $15.70 $4,710
$35,000 $21.98 $6,594
$50,000 $31.40 $9,420
In sum, the data above shows that it takes a long period for the Gerber Grow-Up plan to turn into a meaningful return. More so, Gerber Grow-Up death benefits are nothing to fall back on. Though, the initial death benefits seem good enough to cover the child’s funeral and get a skilled therapist or family Counselor. In all, I did encourage you to purchase Child Rider on your life insurance policy that can cover all your children at a single premium. Still, it will be affordable.
Young Adult Plan
The Gerber Life Young Adult Plan is a whole life insurance policy designed for young adults ages 15 through 17. Thus, this plan is designed for teens who want to save for college. Thus, rates stay the same, and the coverage doubles when the teen turns 18. For example, a $10,000 policy doubles to $20,000, a $15,000 policy doubles to $30,000, and so on – with no increase in your monthly premium. Though, the price is much higher than the Grow-Up plan.
Gerber Life College Plan
The Gerber Life College Plan is an endowment life insurance policy that accumulates cash value at a guaranteed rate and has level premiums. Though, different from 529 plans or educational IRAs. In that, you can use the payout money from your Gerber Life College Plan for college expenses or anything else.
Gerber Life College Plan guarantees a payment of $10,000 to $150,000 at the policy due date, as long as monthly premiums are paid.
The Downside of Gerber Life College Plan
The college plan provides life insurance coverage but with limited benefits compared to other numerous college endowment life insurance policies out there. Sadly, one major dislike is that the accumulated cash value is subject to tax payment. As a result, the total return reduces. Which is why term coverage is fairly better than the college plan. However, you did rip the best of your investment when you go for other college savings investment.
Gerber Whole Life Insurance for Adults
Gerber Life Whole Life insurance provides permanent life insurance protection and financial security. For example, the Whole Life Policy offers affordable coverage with locked-in premium rates that stay the same and protection that lasts for your entire life. The Whole Life Plan provides policy death benefits ranging from $25,000 to $150,000.
The Gerber’s whole life insurance policies are without a medical exam. But people under the age of 51 and above will have to pass through medical extermination if applying for more than $100,000 in coverage. More so, you can purchase up to $50,000 to $300,000 of whole life insurance protection. Furthermore, coverage is dependent on answers to health questions. When you apply, you will need to answer several questions about your health, and your medical history may be taken into consideration.
Gerber Term Life Insurance
Gerber Life offers term life insurance, which seems to have a quick and easy application process. The term life insurance coverage is from $100,000 to $300,000, starting at $15.421 monthly premium. Furthermore, the premium rate is locked in for the policy’s duration – guaranteed. That said, you will need no medical exam in most cases. Gerber term coverage is insured in a period of coverage, known as a “Term,” which can be 10, 20, or 30 years. That is to say, you decide the length of the term so you have coverage for as long as you need it.
Guaranteed Life Insurance Plan
Gerber Life Guaranteed Life Insurance provides valuable whole life insurance protection to help cover final expenses, such as medical bills, burial costs, and unpaid debt. It’s basically for people between 50 and 80 years old. More so, your life insurance acceptance is guaranteed with this policy, regardless of your health history. There are no medical exams to complete or lengthy health questionnaires to fill out.
As a whole life insurance policy, a portion of each premium you pay is set aside as the cash value of your policy. Cash value builds over time and can be borrowed from if needed. The longer you own the policy, the more cash value your policy accumulates.
Gerber Life Guaranteed Life Insurance policy builds cash value and has level premiums, but the death benefits are limited to between $5,000 and $25,000. Also, there’s a two-year waiting period after you purchase coverage during which, if you pass away for any reason besides an accident, the full death benefit would not be paid. Instead, your beneficiaries would receive only the sum of premiums paid, plus 10% in interest.
Gerber Accident Protection Insurance
Gerber Accident Protection is financial protection against accidental death or a covered disabling injury sustained from an accident. The Accident Protection policy ranges from $20,000 to $100,000 in accidental death protection coverage.
More so, it has cash benefits that can help to pay for out-of-pocket medical costs, lost wages, or other expenses. Although, accessible only to people age 19 to 69 years old. More so, there is no physical exam required. Importantly, no health questions to answer. As a result, you are eligible regardless of health, occupation, or anything else. Rates stay the same. Budget-friendly rates, as low as 7 cents a day and no waiting period.
The gist is, the Gerber Life’s rates for accidental death and dismemberment insurance protection seems more affordable than other accident protection insurance offered by other insurance companies.
It makes sense to say that benefits are paid for accidental death. As a result, death by other causes is not payable. All AD&D insurance coverage has a procedure for disbursement of insurance coverage. So, Gerber accident protection pays depending on what injury is sustained. For instance;
- If you pass away, your beneficiaries will receive the policy’s entire death benefit.
- Also, If you lose only one eye, one foot, or one hand, Gerber Life will payout 50% of the death benefit.
- If you lose two limbs, both eyes or an eye and a limb, Gerber will pay 100% of the death benefit.
- Finally, if you lose your hearing ability nor unable to speak or walk, you will receive no payment.
Gerber Accident Protection Policy Benefit for Loss
Gerber accident protection pays according to the type of injury sustained and the affected part of the body.
The loss for the Insured or Spouse Benefit Amount
Life Full Amount
Both Hands, Both Feet, or Both Eyes Full Amount
For One Hand and One foot; One Hand and one Eye Full Amount
One Hand, One Foot, or One-Eye Half of Full Amount
Customer Reviews & Complaints
In comparison with other life insurance companies, Gerber Life has more customers complaints according to NAIC, and lower customer rating according to A.M. Best. The table below shows you what it out there.
|Insurance Company||A.M. Best Financial Strength Rating||J.D. Power 2019 U.S. Life Insurance Study Score||NAIC Customer Complaints|
|Gerber Life||A||N/A||More complaints than average|
|Globe Life||A+||N/A||More complaints than average|
|State Farm||A++||5/5||Fewer complaints than average|
|Protective Life||A+||3/5||Fewer complaints than average|
|Mutual of Omaha||A+||4/5||Close to no complaints|
The above table shows that Gerber’s life receives high negative reviews from other companies. Though, that doesn’t mean there are no positive reviews. Because many still praise Gerber for its simple and stress-free sign-up process. In addition to the no-stress enrollment and easy qualification for coverage.
Further, Gerber’s life also receives negative reviews for poor customer services specifically in processing payment when closing a policy, filing for a claim, or taking a policy loan.
Gerber Life has a strong reputation and many years of life insurance experience. They offer a very simple way to get life insurance, with many options that do not require a medical exam and fast approval. Which in turn makes their products appealing to many people. That said, there exist lots of weaknesses in their products.
First of all, their popular Grow-Up and College plans are of dubious value, and other solutions are both a better investment and better use of your insurance dollar. However, Gerber’s plans do have their merits, but those merits struggle to balance the scales in terms of value.
Secondly, Gerber’s main life insurance plans max out at $150,000, which for many people won’t even come close to covering their life insurance needs. That amount is lowered to $100,000 if you want approval without a medical exam. In return for those benefits, the premiums are reasonable, but not so low as to make the policy an irresistible deal.
That said, most people will be able to get a larger amount of coverage elsewhere and still pay a reasonable rate. Particularly, when it comes to term life insurance – where most people aim for a higher death benefit to cover the shorter-term financial needs of a child’s youth.
In sum, Gerber’s products are limited and do not bring enough value to make them a top choice for life insurance. Importantly, most life insurance customers will get more for their money and a bigger range of options from Globe life, State Farm, Protective Life, and Mutual of Omaha.
Gerber Life Payments
Payment for any of the Gerber Life insurance plans can be made online or physically through check. Most importantly, you can pay from the Gerber online portal using your credit card. More so, Gerber offers automatic billing from a checking or savings account with a discount attached. Although, the discount is only for accident protection insurance.
Gerber Life Contact Info
Existing customers with questions about your policy should Call Gerber Life via Customer Service line at 1-800-704-2180.
However, if you are using a Video Relay Service, call: 1-800-258-7701
Hours of Operation:
Monday through Friday 8 a.m. to 7 p.m. (ET)
Saturday 9 a.m. to 5 p.m. (ET)
Applying for a policy
- Firstly, Grow-Up® Plan Call: 1-800-704-3331
- Gerber Life College Plan 1-866-503-4487
- The Gerber Life Term Plan 1-866-503-4480
- Gerber Life Whole Plan 1-800-425-7542
- The Gerber Life Guaranteed Plan 1-866-503-4481
- Gerber Life Accident Protection Plan 1-866-674-3051
Hours of Operation:
Monday through Thursday 8 a.m. to 9 p.m. (ET)
Friday 8 a.m. to 7 p.m. (ET)
Saturday 9 a.m. to 5 p.m. (ET)
Email Gerber Life
Send an email with your questions.
Fax Gerber Life
Gerber Life Insurance Company Mail Info
445 State Street
Fremont, MI 49412
P.O. Box 986, Station F
50 Charles Street East
Toronto, ON M4Y 2T2