Gerber Life Insurance: Quick And Easy Coverage For Your Child

Gerber Life Insurance offers a range of insurance plans for individuals at different life stages, including adults, seniors, and children. The application process is simple and can be done online, by mail, or phone. The company aims to provide affordable and flexible coverage options with the added convenience of online policy management through their eService platform.

One of their notable plans is the Grow-Up® Plan, a whole life insurance policy designed for children. This plan offers lifelong coverage, starting as early as 14 days after birth, and continuing into adulthood as long as premiums are paid. The premium rate is locked in, and the coverage amount doubles when the child turns 18 with no extra cost. Additionally, the policy builds cash value over time, providing financial security for the child's future.

For adults, Gerber Life offers the Guaranteed Life Insurance Plan, which provides whole life insurance coverage for individuals aged 50 and above, without the need for a medical exam. This plan helps cover final expenses, such as medical bills, burial costs, and unpaid debt, ensuring peace of mind for the policyholder's loved ones.

The Gerber Life Grow-Up Plan

Gerber Life Grow-Up Plan is a whole life insurance policy for children that offers lifelong coverage as long as premiums are paid. The plan is designed for children ages 14 days to 14 years, and it provides a simple and budget-minded way to give your child a lifetime of life insurance protection. For as little as $1 a week, you can secure a plan with coverage starting at $5,000.

• Locked-in Premium Rate: The monthly premium rate remains the same for the life of the policy, 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 Automatic Doubling: On the policy's anniversary date during the year the child turns 18, the coverage amount automatically doubles at no extra cost.
• Guaranteed Right to Buy More Coverage: The child has the guaranteed option to purchase additional coverage as an adult, regardless of their health or occupation. This option is available through the Guaranteed Purchase Option Rider included in all standard issue policies.
• Builds Cash Value: The policy builds "cash value" over time, which can be borrowed against if needed. After the initial policy years, a portion of each premium payment is set aside as the cash value, and it grows over time.

The application process for the Gerber Life Grow-Up Plan is straightforward. You can apply online, by mail, or by phone. The application requires basic information about the child and the desired coverage amount. Once the application is submitted, it will be reviewed by the underwriting team, and you will be notified of approval. In some cases, the underwriters may contact you for additional information.

The cost of the Grow-Up Plan varies based on factors such as the chosen coverage amount, the child's age at the time of application, and the state of residence. It is recommended to get a free quote to determine the exact cost.

The application process

Gerber Life Insurance offers a simple application process for its various plans. The application process for the Grow-Up® Plan, for instance, involves providing some basic information about yourself and the child you want to insure, and choosing your desired coverage amount. The underwriting team will then review your application, and you will be notified as soon as it is approved. In some cases, the underwriters may contact you to request additional information. Most applicants can expect a decision within minutes.

The Gerber Life Insurance Family Plan also offers a straightforward application process. To apply, you must be a U.S. citizen or permanent legal resident and meet the age requirements for the desired coverage type. For the Family Plan Term Life, applicants should be between the ages of 18 and 70, while the Family Plan Whole Life is available to those between the ages of 18 and 80. The application requires you to choose your desired coverage amount and answer questions about your health. In most cases, no medical exam is necessary, but a physical examination may be required for applicants over the age of 55 who apply for more than $100,000 in coverage.

The Guaranteed Life Insurance Plan is another option offered by Gerber Life Insurance, specifically for adults aged 50 and above. The application process for this plan is simple and can be completed online or by phone. To apply, you need to answer a few easy questions to get a free quote immediately. After that, you complete some additional questions about yourself and choose your desired coverage amount, ranging from $5,000 to $25,000. Once your application is approved and the first payment is made, your coverage will begin.

Gerber Life also offers a College Plan, which combines adult life insurance protection with a savings plan for college. While the application process for this plan is not explicitly mentioned, Gerber Life emphasizes its convenience and ease of use.

Payment methods

Gerber Life Insurance offers a range of payment methods to suit your needs and budget. Here is an overview of the payment options available:

Online Payments

Gerber Life eService provides an easy and secure way to pay your insurance bills and manage your policies online. Once your Gerber Life insurance policy is approved, you can enrol in eService and start making payments using your checking or savings account, debit card, or credit card. eService also offers the convenience of automatic payments and paperless billing. Additionally, you can review your payment history, update contact and billing information, and even apply for a loan against a whole life insurance policy.

Phone Payments

Gerber Life offers a self-service phone option available 24/7. You can call at your convenience and make payments, set up recurring payments, or change your current recurring payment information without speaking to a representative. This option has been particularly helpful during high call volumes, such as during the COVID-19 pandemic.

Mail Payments

Gerber Life provides a directory of customer service phone numbers and payment addresses within the United States. You can find this information on their website or by contacting their customer service team.

In-Person Payments

While there is no specific mention of in-person payment options, Gerber Life emphasizes the convenience of managing your policy online and over the phone. Therefore, it is advisable to utilize the online or phone payment methods they offer.

With these various payment methods, Gerber Life Insurance aims to provide flexibility and ease in managing your insurance policies and payments.

Cancelling a policy

Gerber Life Insurance offers a 30-day trial period, during which customers can cancel their policy at any time and receive a full refund. After the 30-day trial period, customers can still cancel their policy, but they may be charged a small penalty fee, and they may not get back the full value of their policy.

There are two ways to cancel a Gerber Life Insurance policy: online or by phone. To cancel online, customers can log in to their Gerber eService account and message a customer representative about the cancellation. Alternatively, customers can email Gerber customer service, providing their application or policy number, name, and other relevant details. To cancel by phone, customers can call 1-800-704-2180 and speak to a customer service representative. When cancelling by phone, customers will need to provide their policy and personal information for verification purposes.

After cancelling a Gerber Life Insurance policy, it is important to confirm the cancellation by checking for an email from Gerber. If no email is received, customers can check their junk mail or contact Gerber for confirmation. Customers should also check their bank account to ensure that they are not accidentally charged for coverage after cancelling.

Adding children to a policy

Gerber Life Insurance offers a range of plans for children, including the Grow-Up® Plan, the Young Adult Plan, and the College Plan. The Grow-Up® Plan is a whole life insurance policy that can be purchased for children aged 14 days to 14 years old. This plan offers lifelong coverage as long as premiums are paid and includes benefits such as a locked-in premium rate, coverage that automatically doubles during the child's 18th year, and the ability to build cash value over time. The Young Adult Plan is available for children ages 15 to 17 and offers similar benefits to the Grow-Up® Plan. The College Plan is an endowment life insurance policy that can be used to help pay for college, with guaranteed payouts ranging from $10,000 to $150,000 when the policy matures.

In terms of adding children to an existing policy, Gerber Life Insurance's Family Plan Term Life Insurance and Family Plan Whole Life Insurance both offer the flexibility to include your spouse and children in the coverage. The Family Plan Term Life Insurance provides protection for a specified period, such as 10, 20, or 30 years, with coverage amounts up to $2,000,000. The Family Plan Whole Life Insurance, on the other hand, offers lifelong protection with coverage amounts ranging from $50,000 to $1,000,000. Both plans feature locked-in premium rates and the option to manage your policy online through Gerber Life's eService platform.

It is important to note that Gerber Life does not offer the option to add a child rider to your existing term life policy. Typically, child riders expire at the end of your policy term, which means your child would need to purchase their own policy as an adult. However, with Gerber Life's Family Plans, you can include your children in your coverage, ensuring they have the protection they need.

Frequently asked questions