Gerber Life Burial Insurance Review and Plans for 2024 – Guaranteed Acceptance
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When it comes to burial insurance policies, you’ll usually have many options, and many companies to choose from. We know it can feel over whelming, when you first begin searching for information.
Our burial insurance pros will be evaluating the final expense plan with Gerber Life Insurance Company. After we are done here, you will know if Gerber Life’s burial insurance plan is right for you. In addition, also take a look at why we have carefully chosen Gerber Life to be among the best burial insurance companies available.
Burial Insurance Pros fast facts about this plan:
- The plan will not expire. This whole life insurance policy will cover your entire life.
- The price will always stay the same. Rates will never increase.
- The death benefit will never decrease.
- No health questions will be asked, and there’s no medical exam. Just a simple application is needed for approval.
- You will have a two year waiting period, on the full death benefit. If death occurs of natural causes, your beneficiary receives all premiums paid into policy, plus 10% interest.
- Anyone from the ages of 50 to 80, will be approved and accepted.
Gerber Life has a great guaranteed issue burial insurance plan that is easily one of the best guaranteed issued policy’s available. Another term for these types of policies are “guaranteed acceptance” policies. Gerber life is a well-respected in the industry and is a financially sound company that you can trusted. If your health should preclude you from a day one level benefit and need a plan a guaranteed acceptance policy, don’t make the mistake of going elsewhere. Gerber Life’s burial insurance policy has helped millions of families, with their financial goals and objectives.
Gerber Life Company History
According to the Gerber Life insurance company, Gerber Life Insurance Company has provided quality life insurance since 1967, especially for young families on a limited budget.
Their life insurance division is a separate affiliate, of the Gerber Products Company, which is mainly known as the “baby food company”. Gerber Products Company goal is very simple: to help parents raise happy, healthy children.
Currently, Gerber Life Insurance provides life insurance coverage to people in every state, of the United States, including Canada and Puerto. They have roughly $45 Billion of Life insurance in force, and a little over 3.5 million policy holder. For seniors, their product is called “Gerber Life Guaranteed Life”.
Gerber Life is A Company You Can Depend On
Gerber Life knows that consumers want a company that is financially solvent, and one that will be there in the future. We feel Gerber Life most certainly will be around for the foreseeable future. Purchasing their final expense policy should give you peace of mind, knowing that you have coverage with an A rated insurance company, as rated by AM Best.
Do you want the best burial insurance plan at the lowest possible price?
We have access to all the top burial insurance plans available. We have helped thousands of families with their burial insurance plans. Our ability to offer any insurance company to choose from is what allows us to always do what is best for you. The experts at burial insurance pros will find the insurance company that will be your best fit.
With that being said, you may be better off, with another insurance company. Perhaps you are healthy, and can qualify for a company that pays an immediate death benefit. It may be in your family’s best interest for you to answer a few health questions, and see if there are better priced options, for you.
A quick phone call to 844-334-6143 is all it takes, to find out what your options are. One of our agents are more than happy, to have a 5 minute phone call with you.
Shopping for burial insurance is never fun or exciting. Fortunately our burial insurance pros have made this really easy for you. Please take a look at our other reviews if you are considering final expense burial insurance policy. You will see that we have provided you with the most up to date detailed information available on the web.
Our expert burial insurance pros always begin with a consolidate review of each company and then continue on with the full review this can get somewhat long and boring. We will start with the most important information which is pretty basic with our general outline of each burial insurance plan and the company details. The Long review is far more detailed. It covers every feature and leaves no rock unturned.
Gerber Life Policy Details
Plans are available in amounts of $5,000 – $25,000. The best part about this guaranteed issue burial insurance plan is the price. There are many insurance providers on the market that offer guaranteed acceptance burial insurance. The only difference among them all is what they charge for the insurance.
Many other providers provide similar plans, such as AARP, Colonial Penn, and even Globe Life. Their guaranteed acceptance policies are almost identical, to Gerber Life’s. Except their prices are higher. Generally, if a company has a two year waiting period on a policy, it may not make sense to pay $10 to $30 more per month, for similar coverage.
Male Monthly Rates
| Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 50 | $19.66 | $38.41 | $57.15 | $75.90 | $94.65 |
| 55 | $23.55 | $46.11 | $68.70 | $91.31 | $113.90 |
| 60 | $28.78 | $56.65 | $84.52 | $112.38 | $140.25 |
| 65 | $34.60 | $68.29 | $101.98 | $135.67 | $169.36 |
| 70 | $44.41 | $87.91 | $131.41 | $174.90 | $218.40 |
| 75 | $62.79 | $124.67 | $186.54 | $248.42 | $310.29 |
| 80 | $110.92 | $220.92 | $330.92 | $440.92 | $550.92 |
Female Monthly Rates
| Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 50 | $14.53 | $28.14 | $41.75 | $55.37 | $68.98 |
| 55 | $18.38 | $35.84 | $53.30 | $70.77 | $88.23 |
| 60 | $23.70 | $46.48 | $69.25 | $92.03 | $114.81 |
| 65 | $28.19 | $55.46 | $82.73 | $110.00 | $137.27 |
| 70 | $34.83 | $68.75 | $102.67 | $136.58 | $170.50 |
| 75 | $45.60 | $90.29 | $134.98 | $179.67 | $224.36 |
| 80 | $76.54 | $152.17 | $227.79 | $303.42 | $379.04 |
Gerber Life’s final expense insurance is a guaranteed whole life policy. Guaranteed acceptance is also commonly referred to as guaranteed issue. Since it is guaranteed there is a two year waiting period for the death benefit to be in full effect. The Gerber Life guaranteed Issued burial insurance plan will only pay out if the insured lives at least 24 months and a day. If someone dies before the 2 year waiting period the beneficiary’s will receive all premiums paid plus 10% interest. You can’t lose money on this Final Expense burial insurance plan. ALL guaranteed issue burial insurance plans have a two year waiting period. NO Exceptions.
Now if death occurs to an accidental death, then the full death benefit is paid out to the beneficiary at any point.
At the time of the insured’s death, Gerber Life will pay the beneficiary a lump sum, tax free payment. The family can then use the proceeds to help with burial, funeral expenses, and other type of expense they choose to pay for. There are no restrictions on how policies can be used.
Burial insurance is sometimes called final expense and funeral insurance. Depending on who you talk to you might hear it called different names but we want you to know what Gerber Life burial insurance is and how it’s different. Gerber’s final expense or burial insurance plan is whole life Insurance, so it does not expire. The price you will pay per month will stay the same forever, this does not change. If you have changes in your health, you do not need to worry about having a price increase to your policy.
The death benefits never decrease. Even if major health issues come up or you live to be over 100. The Death benefit will also remain consistent for the rest of your life. You’ll always know the exact value of your policy, as it does not change once you live past the initial TWO year waiting period.
Since the Gerber life final expense plan is guaranteed issue, there will be no health questions on the application. Anyone that applies and pays the premiums will be covered.
Here’s a list of severe health conditions that Gerber Life will accept:
- Cancer
- Dialysis
- Oran Transplants
- Diabetes
- Heart Disease
- Lung Disease
- HIV/AIDS
Gerber Life Guaranteed acceptance burial insurance plan will not deny anyone for any reason. Everyone is approved! If you can’t qualify for day one coverage this might just be the burial insurance plan for you. Make sure your burial insurance professional has looked into all other final expense plans and immediate day one coverage is not an option.
Presently, Gerber Life and AIG (American General Life) have some of the lowest rates out of all the guaranteed issue final expense plans. Gerber and AIG are extremely close in price. Most cases, they are only a few dollars difference in price. These very competitive prices make it affordable for anyone, even someone with major health risks get the final expense coverage they want and need.
If your financial situation requires more than $25000 of burial insurance, then perhaps you’d need to take out two policies. There are no limitations to the amount of policies that you can take out, outside of your financial budget.
All other companies that offer guaranteed issue burial insurance have higher premiums. No health questions on the application and no medical exams will certainly leads to a lot of applicants with serious health problems. However, Gerber Life burial insurance premiums are so low it makes it possible for anyone to get a great final burial insurance plan at an incredible price.
Is Guaranteed Issue the Best Option?
This question must be answered before anyone buys a final expense plan. A Guaranteed issue burial insurance plan is not right for everyone. Yes it is easy to think that this plan is best because it is so simple and easy to apply for. But the fact that no health questions are asked and no medical exam is required does not mean it is the best plan for you. All these things are true and I would love to see more insurance companies have an application process as simple as Gerber Life. However, you will pay a price for these conveniences, if you could qualify for better products elsewhere. There are major issues with a guaranteed issue final expense policy.
The first problem is the two year waiting period and by far the most important issue. Your beneficiary’s are not protected during the first two years of the plan. If you pay for this burial insurance plan for 23 months and pass away unexpectedly this would cause a huge problem that needs no further explanation. Your family will receive all the premiums you have paid into the policy, plus 10 % interest.
The second issue of a guaranteed policy is the price. Even though a lot of people might pay more for the convenience it provides the risk that the waiting period creates is not worth it. The price of a guaranteed burial insurance policy is almost always going to be higher than a burial insurance policy that does ask a few health qualifying questions. When a burial insurance company is able to limit the amount of acceptable risk involved they can always afford to keep policies more affordable. It is always in your best interest to attempt to qualify for products that are not guaranteed issued.
If your health qualifies you for an immediate benefit plan you would be doing your loved ones a huge disservice if you use a guaranteed issue burial insurance policy for your final expense planning. It would probably be a wise decision to make a quick, five minute phone call to 844-334-6143, and see what different rates and policies, you may qualify for. We understand you probably do not want to share details into your health history. But these insurance policies are not for you. They are for your family. Please remember that.
Our agents will provide you with a list of questions that will help determine with option is best for you. This will be completely decided by your current and previous health history. Rely on our expertise in this filed and make sure you get the best possible burial insurance plan available. For starters, if your health history is good enough that you can say no to all the health questions on the application the choice is easy. Go with a whole life insurance policy that has an immediate death benefit!!!
Even if you can’t answer every question no your burial Insurance Pro will usually be able to find another company that would work. This is what we do every day for our clients we find the best possible option tailored to your specific situation.
Our agents will make recommendations that are in your best interest, and you will get the burial insurance coverage you are looking for. A burial insurance plan with health questions and a quick medical background check will always be lower in price and have day one coverage.
As we said before if your health history requires you to say yes to any health questions don’t worry, it may be still be possible to get a level benefit day one final expense plan. It will completely depend on what the underlying health issues are that are making you answer yes to this question. It may be your only option to go with the guaranteed issue burial insurance plan. It will come down to what you and your burial insurance pro decide about your overall health profile. This is why it is a must to work with a professional that knows the ins and outs of the burial insurance industry.
We know this is complicated stuff for most people, but it’s just another day at the office for a Burial Insurance Pro like ourselves. This is the advantage of working with us for all your burial insurance needs. Our agents work on your behalf, and not for any particular insurance company.
We will quickly address any health concerns, and advise you of your best options. Our goal is to make this process as simple as possible, for you and your family. Once you have this valuable insurance in place, we know you’ll feel much better, knowing your final expenses have been addressed. Contact us today at 844-334-6143, and let us help you and your family secure the final expense policy, that best suits you and your family.