Gerber Life Insurance Company
Gerber Life insurance was founded in 1967 in Michigan. Since then, it is working to provide life insurance for people of all the age. Gerber life insurance provides a broad spectrum of its insurance products; it is generally known for being the best insurance company for children. It also includes term and whole life insurance for adults. Gerber Life insurance has 52$ billion in life insurance in force, with 3.6 million policies for individuals throughout the United States, Puerto Rico, and Canada. One interesting fact about the company is that it sells life insurance directly instead of the agents.
The insurance product provided by the company are:
Child’s Life Insurance:
Years Of Experience
Term Life Insurance
The term life insurance provides coverage for adults. The policy option is s budget-friendly and affordable. It has coverage from $100,000 to $300,000, starting at $15.421 a month, which is a Premium based on a $100,000, 20-year Term Life policy. The premium rate remains constant throughout the term duration.
The application process for getting term life insurance is straightforward and simple. There is no medical required for medical exam needed in most of the cases except for the people who are age 51 and over and who apply for more than $100,000 in coverage.The term life insurance provides a very flexible coverage period. It can be 10, 20, or 30 years as per your requirement and need.
Guaranteed Life insurance:
Gerber Insurance provides a Guaranteed Life Insurance policy for adults between the age of 50 to 80. There is no medical exam to acquire this policy. You can choose your coverage from the range of a minimum of $5,000 to a maximum of $25,000. A chunk of premium payments is kept aside to build the cash value of the policy. This insurance policy aims to cover the person’s final expenses, funeral rituals costs, medical bills, and repaying the debts.
Accident Protection Insurance:
Accident Protection insurance provides coverage against any accidental death or disability such as loss of sight, foot or hands, etc. You can choose your coverage from the range of $20,000 to $100,000. The premium payments are guaranteed to stay constant. Any adult from the age group of 19 to 96 can apply for this insurance policy. The approvals are secured with no physical exam required.
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