Gerber Life Insurance: Does It Have An Expiry Date?

Gerber Life Insurance offers a range of life insurance policies for people of all ages, including children, teens, young adults, adults, and seniors. The company is well-known for its life insurance policies for children, which can be continued into adulthood. Gerber Life Insurance policies are available without a medical exam in some cases. Their whole life insurance policies offer lifelong coverage as long as premiums are paid and build cash value over time. While Gerber Life Insurance policies do not expire as long as premiums are paid, it's important to note that there may be specific terms and conditions associated with each policy that should be reviewed carefully.

Gerber Life Insurance for Children

Gerber Life Insurance offers the Grow-Up® Plan, a whole life insurance policy for children that provides lifelong coverage as long as premiums are paid. The plan is available for children from 14 days to 14 years old, with coverage ranging from $5,000 to $50,000. The policy can be purchased by parents, grandparents, or legal guardians, and the coverage amount automatically doubles when the child turns 18. The Grow-Up® Plan also includes the Guaranteed Purchase Option Rider, which allows the child to purchase additional coverage as an adult without a medical exam.

The Young Adult Plan is similar to the Grow-Up® Plan but is for teens aged 15 to 17. This plan offers coverage from $5,000 to $50,000 and can only be purchased over the phone. Like the Grow-Up® Plan, the coverage amount doubles when the child turns 18.

Gerber Life Insurance also offers term life insurance and accidental death and dismemberment insurance (AD&D) for adults. Term life insurance provides coverage for a set period, typically 10, 20, or 30 years, and is a more affordable option compared to whole life insurance. Accidental death and dismemberment insurance provide a payout in the event of death or a disabling injury caused by a covered accident.

Gerber Life Insurance's whole life insurance policies for adults range from $50,000 to $1 million in coverage and are available for individuals aged 18 to 80. The company also offers a Guaranteed Life Insurance plan for adults aged 50 and above, which does not require a medical exam and is designed to cover final expenses.

Gerber Life Insurance for Young Adults

Gerber Life Insurance offers a Young Adult Plan for teens aged 15 to 17. This plan is purchased by parents, grandparents, and legal guardians for their children. The teenager becomes the policyholder at age 21.

The Young Adult Plan offers whole life insurance coverage, with the policy building cash value over time. The coverage amount doubles when the child turns 18. A healthy teen can get $5,000 to $50,000 of whole life coverage. This coverage must be purchased over the phone.

The premium rate for the Young Adult Plan is locked in and will never increase due to age or health. The younger the child is when the policy is purchased, the lower the premium rate will be.

Gerber Life Insurance also offers a Grow-Up Plan for children aged 14 days to 14 years. This plan offers whole life insurance coverage, with the option to purchase additional coverage as an adult. The coverage amount automatically doubles when the child turns 18. The Grow-Up Plan can be purchased online, by mail, or by phone.

In addition to the Young Adult and Grow-Up Plans, Gerber Life Insurance offers a range of other life insurance products, including term life insurance, whole life insurance, guaranteed life insurance, and accidental death and dismemberment insurance.

Gerber Life Insurance for Adults

Gerber Life Insurance offers a range of plans for adults, including whole life insurance, guaranteed life insurance, term life insurance, and accidental death and dismemberment insurance.

Whole Life Insurance

Whole life insurance provides lifelong coverage for adults aged 18-80, as long as premiums are paid. Coverage amounts range from $50,000 to $1 million, and the policy builds cash value over time. This type of insurance is also available for young adults aged 15-17, with coverage amounts ranging from $5,000 to $50,000.

Guaranteed Life Insurance

Gerber's guaranteed life insurance is available for adults aged 50 and above, with no medical exam or health questions required for enrollment. The coverage amount ranges from $5,000 to $25,000, and the policy builds cash value that can be borrowed against.

Term Life Insurance

Gerber offers term life insurance for adults, with term lengths of 10, 20, or 30 years and coverage amounts ranging from $100,000 to $300,000. Term life insurance tends to be more affordable than whole life insurance but only covers a specific period.

Accidental Death and Dismemberment Insurance

This type of insurance is not life insurance but provides coverage for medical expenses, lost wages, and more due to a covered accident. It is available for adults aged 18-69, with coverage amounts ranging from $50,000 to $250,000.

Gerber Life Insurance for Seniors

Gerber Life Insurance offers both term life insurance and whole life insurance for seniors.

Term Life Insurance for Seniors

Term life insurance provides coverage for a specific period, known as a "term". Gerber Life offers term life insurance plans for 10, 20, or 30 years. This type of insurance is generally more affordable than whole life insurance as it does not build cash value. However, term life insurance premiums will never increase, and there is no medical exam required for most policies. Coverage ranges from $100,000 to $300,000, with premiums starting at $15.42 per month.

Whole Life Insurance for Seniors

Whole life insurance offers lifelong coverage as long as premiums are paid and provides a built-in savings component as it builds cash value over time. Gerber Life's whole life insurance plan has no medical exam requirement and offers coverage amounts ranging from $50,000 to $1 million. The premium rates are locked in and will never increase due to age or health changes. Additionally, policyholders can borrow against their policy.

Guaranteed Life Insurance for Seniors

Gerber Life also offers guaranteed life insurance, a type of whole life insurance policy for adults aged 50 and above. Acceptance is guaranteed regardless of health, and there is no medical exam required. This plan offers coverage amounts ranging from $5,000 to $25,000, with premiums as low as 59 cents per day.

Application Process

Gerber Life simplifies the application process for seniors by not requiring a medical exam in most cases. Most applicants can expect a decision within minutes.

Gerber Life Insurance Riders

Gerber Life Insurance offers two riders to tailor coverage: a guaranteed insurability rider and a waiver of premium rider.

Guaranteed Insurability Rider

The guaranteed purchase option rider is included in the Gerber Life Grow-Up Plan at no extra cost. It gives your child the opportunity to buy additional coverage when they become an adult without taking a medical exam. This rider is also known as a "guaranteed insurability option" or "guaranteed purchase option". It is available from some companies for children's life insurance policies.

Waiver of Premium Rider

This rider can be added to a Gerber Life Whole Life policy and eliminates the requirement of premium payments if you become permanently disabled (as defined by the rider). This rider is available at an additional cost.

Frequently asked questions