Gerber Life Insurance is a company that specializes in providing life insurance policies for families and individuals. The company is a subsidiary of Western & Southern Financial Group and is headquartered in White Plains, New York.
Gerber Life Insurance was founded in 1967 by Dan Gerber, the same man who founded Gerber Products Company, which is best known for producing baby food. The company was created with the goal of providing affordable life insurance policies to families, particularly those with young children.
In 2018, Gerber Life Insurance was acquired by Western & Southern Financial Group, a Cincinnati-based financial services company. The acquisition allowed Gerber Life Insurance to expand its offerings and reach a wider audience, while still maintaining its commitment to providing affordable life insurance policies.
Types of Policies Offered by Gerber Life Insurance
Gerber Life Insurance offers a number of life insurance policies to meet the needs of individuals and families. These policies include:
- Term Life Insurance: Gerber Life Insurance offers term life insurance policies with coverage options ranging from $25,000 to $500,000. Term life insurance policies provide coverage for a specific period of time, typically 10, 15, 20, or 30 years. These policies are ideal for families who need coverage for a specific period, such as until their children finish college or until their mortgage is paid off.
- Whole Life Insurance: Gerber Life Insurance also offers whole life insurance policies, which provide permanent coverage for the policyholder’s lifetime. Whole life insurance policies also accumulate cash value over time, which can be borrowed against or used to pay premiums. Gerber Life Insurance offers whole life insurance policies with coverage amounts ranging from $50,000 to $300,000. These policies are ideal for families who want lifelong coverage and a guaranteed death benefit.
- Guaranteed Life Insurance: Gerber Life Insurance also offers guaranteed life insurance policies, which are designed for individuals who may have difficulty qualifying for traditional life insurance due to age or health conditions. It is typically designed for seniors. These policies do not require a medical exam or health questions, and coverage is guaranteed for life. Gerber Life Insurance offers guaranteed life insurance policies with coverage amounts ranging from $5,000 to $25,000.
- Accidental Death Insurance: Gerber Life Insurance also offers accidental death insurance, which provides coverage in the event of accidental death or dismemberment.
Benefits of Gerber Life Insurance
There are several benefits to choosing Gerber Life Insurance for your life insurance needs. Some of these benefits include:
- Guaranteed Death Benefit: All Gerber Life Insurance policies come with a guaranteed death benefit, which means that the policyholder’s beneficiaries will receive a payout in the event of their death.
- Affordable premiums: Gerber Life Insurance is known for its affordable premiums, making it a great option for families who are on a budget.
- Flexible coverage options: Gerber Life Insurance offers a variety of coverage options, so you can choose the policy that best meets your needs.
- No medical exam required: Gerber Life Insurance’s guaranteed life insurance policies do not require a medical exam, making them a great option for individuals who may have difficulty qualifying for traditional life insurance.
- Cash value accumulation: Whole life insurance policies from Gerber Life Insurance accumulate cash value over time, which can be borrowed against or used to pay premiums.
- Excellent customer service: Gerber Life Insurance has a reputation for providing excellent customer service, with representatives who are knowledgeable and helpful.