Gerber Life Insurance
Gerber Life Insurance

Gerber Life Insurance Review 2022

For more than 50 years, Gerber Life Insurance has provided budget-friendly life insurance. So children and adults can have greater financial protection. Founded in 1967 by the Gerber Products Company. We share a common heritage and value in caring for the millions of families who trust us. Today, Gerber Life is a member of Western & Southern Financial Group Inc., one of the most powerful life insurance groups in the world. With $62 billion worth of life insurance effective December 2021. You can count on Gerber Life to provide an insurance package for the whole family that offers the reliability, flexibility and peace of mind you deserve.

Pros Explained

Easy to apply for cover: Gerber Life Insurance makes it easy to submit your application for most types of policies online. Many customers will qualify for life insurance without a medical examination with coverage up to $300,000.
Quick decision: It is possible to get an instant decision if you qualify for coverage without a medical examination or if you apply for a covered issue policy.

Child’s life coverage doubles at 18 years of age: Gerber Life automatically doubles the death benefit on its policies for children and young adults. It can happen when the child reaches 18 years of age without a premium increase.
Automatic payment discounts: You can save up to 10% of your monthly premium by signing up for automatic deductions from your account.

Cons Explained

Extremely expensive term coverage: Gerber charges more than double what many other insurance providers charge healthy applicants, and nearly triple the cost of the most affordable insurance—which could invalidate the company’s offer discounts. Of the 32 companies we collected term life insurance offers, Gerber is the 2nd most expensive across all age groups.
Need to provide an email for offers: If you want to compare offers from Gerber Life Insurance with other companies. You must provide your email address, which may result in unwanted emails from those companies. Many other insurance companies let you get a quote without providing any personal information.
Low limit of coverage: You must contact Gerber Life for a death benefit over $300,000, and the highest death benefit you can get is $1 million. Many other companies offer coverage in the millions, without even requiring a medical examination.

Complaint Index of Gerber Life

The National Association of Insurance Commissioners (NAIC) collects data on complaints against insurance companies. It is creates a “complaint index” so consumers can quickly find out how many complaints insurance companies receive. An index of 1.0 indicates the company received the expected number of complaints for its size. A complaints index lower than 1.0 means the company received fewer complaints than expected, while an index greater than 1.0 means the company received more than expected. The lower the complaint index, the better.1

We measure the NAIC complaints index over three years. Gerber Life Insurance has an average NAIC complaint index of 1,267. That means Gerber Life had more complaints than expected over a three-year period given the size of the company. While Gerber Life’s complaints index is only slightly above average. So, most of the top life insurance companies we review maintain their complaints index below 1.0 each year.

Third Party Rating of Gerber Life

Then, Gerber Life Insurance has an A (Excellent) financial strength rating from AM Best. It is an independent rating agency focused on the insurance industry. This is important because when an insurance company gets a good rating from AM Best.  It means the provider has the financial stability to pay. reliably. future claims. We generally do not recommend any insurance company that does not score in the A bracket. Despite Gerber Life Insurance ‘s excellent rating, many other life insurance companies have superior financial strength ratings (A+ and A++).

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