Gerber Life Insurance: Adult Coverage Options Explored

Gerber offers life insurance for adults, with plans including whole life insurance, guaranteed life insurance, and term life insurance. Gerber's whole life insurance plan is available to adults aged 18–80, while its guaranteed life insurance plan is for adults aged 50 and above. The term life insurance plan is available to adults aged 18–70. Gerber's adult life insurance plans offer flexible coverage, budget-friendly premium rates, and lifelong financial protection for families.

Gerber's Guaranteed Life Insurance Plan

The application process for Gerber's Guaranteed Life Insurance Plan involves answering four easy questions to get a free quote. Applicants can then apply online or by phone, choosing their coverage amount and making their first payment. Coverage begins as soon as the application is approved and the first payment is made.

Gerber Life Insurance has been protecting families since 1967 and has an "A" (excellent) rating from the independent reporting firm, A.M. Best.

Gerber's Whole Life Insurance Plan

One of the key benefits of whole life insurance is having life insurance coverage for your lifetime. Coverage doesn't end after 20 or 30 years, and you can lock in a premium rate that will never increase as long as premiums are paid, making your payments predictable and easier to plan into your budget. Whole life insurance also builds cash value over time, which you can borrow against should the need arise. The longer you own the policy, the more cash value it accumulates.

For adults aged 50 and above, Gerber offers the Guaranteed Life Insurance Plan, a whole life insurance policy that doesn't require a medical exam. It provides valuable whole life insurance protection to help cover final expenses, such as medical bills, burial costs, and unpaid debt. Your acceptance is guaranteed regardless of health, and there are no lengthy health questionnaires to fill out. The Guaranteed Life Insurance Plan offers coverage amounts ranging from $5,000 to $25,000.

Gerber's Term Life Insurance Plan

Gerber offers Term Life Insurance for adults, which provides flexible and affordable protection for your family. This type of policy is ideal if you have young children and want the most coverage until they become independent.

Term Life Insurance covers you for a specific period, known as the "term". You can choose a coverage period of 10, 20, or 30 years, depending on your needs. The rates start at $15.42 a month and are locked in for the entire term. You can also choose a coverage amount that fits your budget, ranging from $100,000 to $300,000.

Application Process

The application process is simple and easy. You just need to answer a few questions, and most people will receive a decision on their application within a minute. In most cases, there is no medical exam required.

Customization

The Gerber Life Term Life Plan offers flexible options for coverage and premiums that can be tailored to your budget. You can select the coverage period that works best for your situation. Additionally, the premiums will never increase as long as they are paid.

Peace of Mind

A term life policy can provide financial protection for your family in the event of your death. It can help them cover expenses such as the mortgage and childcare costs, ensuring that your loved ones are taken care of even when you're gone.

Whole Life Insurance

It is worth noting that Gerber also offers Whole Life Insurance, which provides lifelong coverage as long as premiums are paid. While it is more expensive than Term Life Insurance, it offers the benefit of building cash value over time. Whole Life Insurance is a good option if you want to ensure coverage for your entire life and are willing to pay a higher cost.

Gerber Life Insurance College Plan

Gerber Life Insurance offers a College Plan that combines adult life insurance protection with a savings plan to help pay for college. This plan is designed to provide peace of mind and financial security for parents and their children.

The Gerber Life Insurance College Plan is an individual endowment policy that provides adult life insurance coverage for parents for a specified period of time, ranging from 10 to 20 years. During this term, the policy builds cash value over time, with each premium payment, and is not impacted by fluctuations in the stock market. Once the coverage term ends, the policy reaches maturity, and a guaranteed payout is provided, ranging from $10,000 to $150,000. This money can be used for college expenses or any other financial needs of the child, without any restrictions.

The College Plan offers flexibility, as the payout can be used for various purposes, such as tuition, starting a business, or a down payment on a home. It also provides peace of mind, as the full benefit amount will be paid to the child or other beneficiaries if the parent passes away before the policy matures.

The amount of the monthly premium payment depends on the desired payout amount and the number of years saved. The longer the savings period, the lower the monthly payment. Additionally, the monthly premium reflects a discount for paying via automatic monthly payments from a checking or savings account.

Gerber Life Insurance's College Plan aims to help families secure their child's future by combining life insurance protection with a savings plan for college or other financial pursuits.

Gerber Life Young Adult Plan

Gerber Life offers a Young Adult Plan for children aged 15 to 17. This whole life insurance plan provides a lifetime of insurance protection for young adults, helping them to be better equipped for adult responsibilities.

The Young Adult Plan is a budget-minded way to provide insurance protection for young people as they enter adulthood. For as little as $1 a week, parents can give their children a head start in life with a plan that offers $5,000 of coverage. This plan is a simple and affordable way to ensure your child has the protection they need as they grow up.

The Young Adult Plan is a whole life insurance policy, which means it provides coverage for the entire life of the insured person, as long as premiums are paid. This type of policy also builds cash value over time, as a portion of each premium payment is set aside, which can be borrowed against if needed. This cash value accumulates over the years, providing an additional financial tool for the policyholder.

Gerber Life's Young Adult Plan offers a simple application process with no medical exam required. Most applicants will receive a decision within minutes, making it a quick and easy way to get peace of mind for your child's future. With locked-in premium rates, you can rest assured that your child's coverage will remain affordable and predictable.

By choosing the Young Adult Plan, you can help your child take on adult responsibilities with confidence and ensure they have the protection they need as they navigate through life's challenges and opportunities.

Frequently asked questions