Gerber Life Insurance: Is It Available In Canada?

Gerber Life Insurance offers a range of insurance products for individuals in different life stages, including children, teens, young adults, adults, and seniors. The company provides both term and whole life insurance policies, with coverage amounts ranging from $5,000 to $1 million. One of its notable products is the Gerber Life Grow-Up Plan, a whole life insurance policy for children that offers lifelong coverage as long as premiums are paid. This plan is available for children from 14 days to 14 years old and provides $5,000 to $50,000 in coverage. The company also offers a College Plan, which combines life insurance with a savings plan for education or other expenses. While Gerber Life Insurance is based in the US, it sells policies in Canada and Puerto Rico as well.

Gerber Life Insurance in Canada: What products are available?

Gerber Life Insurance offers a range of products in Canada, including both juvenile and family life insurance. The company provides coverage for individuals at various life stages, from children to adults, and has a simple application process with limited medical requirements for most plans. Here is a detailed overview of the products available in Canada:

Gerber Life Grow-Up® Plan

The Gerber Life Grow-Up® Plan is a whole life insurance policy designed for children, offering lifelong coverage as long as premiums are paid. It provides financial protection and can be purchased by parents, grandparents, or permanent legal guardians. The plan offers locked-in premium rates, meaning the rate will never increase even when the child becomes the policy owner at 21. Additionally, the coverage amount doubles during the year the child turns 18 at no extra cost, and the policy builds cash value over time.

Family Life Insurance

Gerber Life offers family life insurance plans that cater to individuals at different ages and stages of life. Their whole life insurance provides coverage from $50,000 to $300,000, with a simple application process and no medical exam required in most cases. They also offer term life insurance, a more affordable option that covers a specific period, such as 10 or 30 years.

Gerber Life College Plan

The Gerber Life College Plan combines adult life insurance protection with a savings plan for college. It is an endowment life insurance policy with fixed payments and guaranteed growth. The payout can be used for college or anything else, and the policy guarantees a payout of $10,000 to $150,000 upon maturity.

Accident Protection Insurance

Gerber Life's Accident Protection Insurance provides financial protection in the event of a covered death or disabling injury caused by an accident. The coverage ranges from $50,000 to $250,000, protecting the policyholder and their spouse.

Guaranteed Life Insurance

This plan is a whole life insurance policy for adults aged 50 and above, with no medical exam or health questions required. It helps cover final expenses and builds cash value over time. Acceptance is guaranteed regardless of health, providing peace of mind for loved ones during a difficult time.

How does Gerber Life Insurance work?

Gerber Life Insurance offers a range of life insurance plans for people at different life stages. The Grow-Up® Plan is a whole life insurance policy for children that offers lifelong coverage as long as premiums are paid. The younger the child, the lower the monthly premium. The premium rate is locked in and never increases, even when the child becomes the policy owner at 21. Coverage doubles at 18 at no extra cost, and the child has the guaranteed right to buy more coverage as an adult, regardless of their health or occupation. The policy also builds cash value over time, which can be borrowed against.

Gerber Life Insurance also offers a Guaranteed Life Insurance Plan for adults aged 50 and above, which does not require a medical exam. This is a whole life insurance policy that builds cash value over time, which can be borrowed against or cashed out.

The company also offers term life insurance, which is available for a specified period, such as 10, 20, or 30 years. This type of insurance does not build cash value but is generally more affordable.

Gerber Life Insurance is available in all 50 states, Washington D.C., and Puerto Rico, although some policies may not be available in all areas.

Gerber Life Insurance reviews: What do customers think?

Gerber Life Insurance offers a range of life insurance products, including those for children, adults, and seniors. The company has received mixed reviews from customers, with some praising the company's affordable premiums, ease of purchase and use, and peace of mind, while others have complained about aggressive marketing tactics and unexpected rejection of applications.

Gerber's Grow-Up® Plan, a whole life insurance policy for children, has received positive reviews from parents and grandparents, who appreciate the plan's locked-in premium rate, automatic doubling of coverage at age 18, and the ability to build cash value. One customer review mentions:

> "I love the fact that my daughter will continue to have this plan when she graduates college, and that the amount will double for her."

The company's Guaranteed Life Insurance, a whole life insurance policy for adults 50 and above, has also received positive feedback for being easy to purchase and use, and for providing peace of mind. According to one customer:

> "I’m thankful that when I need to borrow money for emergencies, it’s there."

However, Gerber Life Insurance has also received negative reviews, with some customers complaining about aggressive marketing and unexpected rejection of applications. One customer expressed frustration with the company's marketing tactics, stating:

> "Avoid this company! I made the mistake of inquiring about life insurance with this company. For well over three months this company has called, texted and emailed me every single day… multiple times per day after being told to stop contacting me. [It has] totally ignored unsubscribe messages."

Another customer shared their disappointment with the application process, saying:

> "I reached out for a term policy and applied for it. The underwriter asked me a few questions offline and after I responded and accepted a higher premium, [Gerber Life] rejected my application without even a response. I am not sure why it advertises so much when it only wants 30-year-olds [in] the best health to apply."

In summary, Gerber Life Insurance has received mixed reviews from customers. While some appreciate the company's affordable premiums, ease of purchase and use, and peace of mind, others have been turned off by aggressive marketing tactics and unexpected rejections of applications.

Gerber Life Insurance quotes: How much does it cost?

Gerber Life Insurance offers a range of insurance plans for both children and adults, with customizable coverage amounts to fit different needs and budgets. The cost of Gerber Life Insurance quotes will depend on the specific plan and coverage amount chosen. Here is a breakdown of the different plans and their associated costs:

Gerber Life Grow-Up® Plan

The Grow-Up® Plan is a whole life insurance policy for children that provides lifelong coverage as long as premiums are paid. It offers coverage starting from as young as 14 days old and continuing into adulthood. The plan has a locked-in premium rate that never increases, even after the child becomes the policy owner at age 21. The younger the child is when the policy is purchased, the lower the monthly premium. Coverage automatically doubles during the year the child turns 18 at no extra cost, and the child has the guaranteed right to buy more coverage as an adult, regardless of their health or occupation.

The Grow-Up® Plan starts at $1 a week for $5,000 in coverage and can go up to $144 a month for $50,000 in coverage.

Whole Life Insurance

Gerber's Whole Life Insurance is available for adults aged 18-80 (New York residents up to 75) and provides lifelong coverage as long as premiums are paid. It helps protect your family while building cash value over time. The policy has a locked-in premium that never increases, and you can select coverage amounts ranging from $50,000 to $300,000, with higher coverage amounts available up to $1 million.

The cost of Whole Life Insurance starts at $5.233 a month for $50,000 in coverage and can go up to $3333 a month for $1 million in coverage.

Guaranteed Life Insurance

The Guaranteed Life Insurance Plan is a whole life insurance policy for adults aged 50 and above (New York residents up to 75), with acceptance guaranteed regardless of health. It helps cover final expenses such as medical bills, burial costs, and unpaid debt. The policy builds cash value over time, and the premium remains the same throughout the duration of the policy. Coverage amounts range from $5,000 to $25,000.

The Guaranteed Life Insurance Plan starts at 59 cents a day for $5,000 in coverage and can go up to $240 a month for $25,000 in coverage.

Accident Protection Insurance

Accident Protection Insurance provides financial protection in the event of a covered death or disabling injury caused by an accident. It offers coverage from $50,000 to $250,000 for both the policyholder and their spouse.

The cost of Accident Protection Insurance starts at $5.233 a month for $50,000 in coverage.

Gerber Life Insurance application: How to apply

Gerber Life Insurance offers a range of life insurance plans for both children and adults. The application process will vary depending on the type of insurance plan you are interested in. Here is a general guide on how to apply for Gerber Life Insurance:

Gerber Life Insurance Application Process:

Choose the Right Plan:

Gerber offers various insurance plans, including the Grow-Up® Plan for children, the Young Adult Plan, Adult Life Insurance, Senior Life Insurance, and the College Plan. Select the plan that best fits your needs and eligibility.

Understand the Requirements:

Before applying, familiarize yourself with the requirements and eligibility criteria for your chosen plan. For example, the Grow-Up® Plan is available for children from 14 days to 14 years old, while Adult Life Insurance is offered to those aged 18-70.

Get a Quote:

Obtain a free quote from Gerber Life to estimate the cost of the policy. This can be done by answering a few questions about yourself and your desired coverage amount.

Complete the Application:

After receiving your quote, you can proceed to fill out the application form. This typically involves providing personal information, answering health-related questions, and choosing your desired coverage amount.

Submit the Application:

Once you have completed the application, submit it along with any required supporting documents.

Await Approval:

Gerber Life will review your application and evaluate the risk associated with providing you coverage. This process may include underwriting, which takes into account factors such as your health, medical history, occupation, hobbies, and existing insurance coverage.

Make the First Payment:

After your application is approved, make your first premium payment to activate your coverage.

Additional Tips:

• Gerber Life offers guaranteed acceptance for adults aged 50+ without the need for a medical exam or lengthy health questionnaires.
• The Grow-Up® Plan has a simple application process, and most applicants receive a decision within minutes.
• For the Whole Life Insurance Plan, a medical exam is typically not required unless you are aged 51 or older and applying for more than $100,000 in coverage.
• You can manage your policy and make payments online or over the phone.

Please note that the application process may vary slightly depending on your location and the specific plan you choose. For detailed instructions on applying for a specific Gerber Life Insurance plan, refer to their official website or contact their customer service representatives.

Frequently asked questions