Coverage for accidental injury or death.They offer the Gerber Life Grow-up policy for children under 14 and the Gerber Life Young Adult Policy for teenagers between 15 and 17. Geber has been selling insurance policies for children since 1967. For coverage up to $100,000, individuals aged between 18-50 years may not be required to participate in a medical exam. Two of the biggest names in childrens life insurance are Gerber Life and Globe Life.The locked premium rate charged throughout the duration of the policy. At a glance Not rated About Bankrate Score Bottom Line Policyholders who need term, whole or guaranteed life insurance and parents looking for a unique way to save for their child’s future.Coverage periods range from a minimum of 10 years and goes up to a maximum of 30 years.Insurance coverage for as low as $25,000 and as high as $150,000.The coverage amount also doubles as soon as a child reaches 18 years of age, with no increase in premium amount. The premium charged in this Gerber family life insurance policy is fixed and not subject to increase during the duration when the policy is active.On expiry, individuals have the option to renew and keep using the same policy throughout adulthood, regardless of whether their occupation and health condition changes for the worse. The Gerber Life Grow-Up® Plan is designed specifically for children as young as 14 days and as old as 14 years who can get insured for as low as $5,000 and as high as $50,000. (These rates are available when you choose to pay via automatic draft payment) Your acceptance-regardless of your health-is guaranteed!.There are no medical exams, no health questions, no waiting for test results.Available to individuals between 50-80 years of age.The longer you hold the policy, the more money accumulates in your policy. It also accumulates Cash value that Gerber Life insurance sets aside for your future.The Guaranteed Life Insurance Plan is a whole life insurance that provides guaranteed coverage,as long as premiums are paid.
Renewable Term Policies (can be renewed after expiration at a higher premium rate than the current one)Ĭonvertible Term Policies (can be traded for an endowment or whole life policy before the conversion period specified in the policy) These are some of the features of the Term Life Insurance offered by the company: *The following is only applicable in the case of holding a Term Life Insurance policy It also provides college and accidental plans to its customers.Ĭharacteristics of Gerber Life Insurance for Adults Best Rating Service Inc., and has provided coverage that amounts to a grand total of more than $50 billion. It is one of the best financial and insurance institutions, rated as an A category company by the A.M. It provides specially-designed insurance policies to adults as well as children as young as 14 days old. Founded in 1967 with its headquarters located in White Plains, NY, Gerber Life Insurance Company is a licensed policy provider having operations in Canada, Puerto Rico, and the US.
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