Gerber Life Guaranteed Life Insurance Review & Rates

Written by Jeff Root

As with all of our company and guaranteed issue policy reviews, we cover the strengths and weaknesses of the company and the high-risk product they offer.

The goal of this Gerber Life Insurance Company review is to help you decide if Gerber Life is the right fit for you.

Below we will cover Gerber Life Insurance Company’s guaranteed issue product, including pros, cons, and alternative choices. You’ll also see rates for the Gerber Life’s guaranteed issue policy to help cover final expenses.

What You’ll Learn

About Gerber Life Insurance Company
Gerber Life Insurance Company Ratings
Pros of Gerber Life Insurance Company Guaranteed Life Insurance
Gerber Life Insurance Company Final Expense Policy Rates
Cons of Gerber Life Insurance Company Guaranteed Issue Life Insurance
Is Gerber Life Insurance Company Guaranteed Life Insurance is Right for You?

When shopping for life insurance, always keep in mind that the best policy is one that fits your individual needs. No matter what, there is no one-size-fits-all policy on the market, even for high-risk candidates.

Policies can and are very similar to one another, but there’s more to it than just the policy facts. This is why we include information about the carriers, their ratings, application process, customer service and more in our reviews.

So let’s dive in and learn about the Gerber Life Insurance Company’s guaranteed issue product.

About Gerber Life Insurance Company

If you’ve already read our article about the 3 best guaranteed life insurance companies, you’ll know that we love Gerber Life.

For more than 50 years, Gerber Life has been providing budget-friendly life insurance so that children and adults can have greater financial protection. Founded in 1967 by the Gerber Products Company, we share a common heritage and values in caring for the millions of families who place their trust in us.

Today, Gerber Life is a member of Western & Southern Financial Group Inc., one of the strongest life insurance groups in the world. With $65 billion of life insurance in force as of December 2023, you can count on Gerber Life to provide insurance plans for the entire family that offer the reliability, flexibility and peace of mind you deserve.

Gerber Life Insurance Company Ratings

A.M. Best, the impartial reporting firm that rates insurance companies on financial stability and ability to meet financial obligations, has awarded Gerber Life an “A+” (Superior) rating, most recently in January 2024.

It refers only to the overall financial status of the company and is not a recommendation of specific policy provisions, rates or practices of the company. This rating is the second highest awarded out of thirteen possible categories. For 22 consecutive years, Gerber Life has maintained a rating of A (Excellent) or better.

Gerber Life Guaranteed Life Insurance Company Policy Overview

Face Amounts Range: $5,000 up to $25,000

Insurable Ages: 50 – 80

State Unavailability: Not for sale in MT

Graded Period: 24 months

Riders: None

Premium Percentage Returned: 10% of earned premium

Application Process: Using an independent agency or directly through the carrier

Guaranteed Life policies is $25,000.  Gerber Life Insurance company will not issue insurance for any proposed insured when a POA or Guardianship exists on the proposed insured.

Pros of Gerber Life Guaranteed Life Insurance

There are many advantages to choosing Gerber Life for guaranteed acceptance life insurance. Below we will list each pro and explain why it might benefit you.

Guaranteed Issue Policy

If you’re 50+ years old, your life insurance acceptance is guaranteed regardless of your health history.  There are no medical exams to complete or lengthy health questionnaires to fill out.

To be eligible for coverage you must be a U.S. citizen between 50 and 80 years old (New York residents, maximum age of 75) residing in the US or permanent legal resident. Total limit of all combined Gerber Life Guaranteed Life policies is $25,000. Gerber Life Insurance Company will not issue insurance for any proposed insured when a POA or Guardianship exists on the proposed insured, except legal guardians of children.

Gerber Life is a Reputable & Financially Stable Company

When it comes to the plan itself, the Gerber Life Insurance Company’s Guaranteed Life Plan is a fairly typical policy in terms of features and benefits. What really sets it apart is that it’s backed by an excellent life insurance carrier with a strong balance sheet and reputable brand name. This is a company that you can put your faith into and trust that your beneficiary will receive the necessary funds that can be used for your final expenses.

Graded Death Benefit

Guaranteed Life is individual whole life insurance with modified benefits. For applicants age 50-80 (50-75 in New York) who die (for any reason other than an accident as defined in the policy) within the first two years of coverage, the death benefit will equal 110% of earned premiums. The full death benefit amount is only payable for other causes after the first two years of coverage (one year in North Dakota).

Product Availability

Gerber Life Insurance Company’s Guaranteed Life is available for people between the ages of 50 and 80 in quantities that range from $5,000 all the way up to $25,000. With Gerber Life, you are able to take out multiple policies, but the cumulative total cannot surpass $25,000.

To compare guaranteed acceptance life insurance rates for your exact age and requested policy amount, use the complimentary quoting tool on the side of this page. 

Competitive Premiums & Payment Options

When selecting a guaranteed acceptance policy, the cost will always be one of the key determining factors.

Generally speaking, there isn’t a huge variety of policy features across carriers, which is why it always comes down to price.

We also understand that most people qualified for a no questions policy are on a fixed income and unable to pay exorbitant monthly premiums.

Gerber Life Insurance Company is known for their competitive pricing, although they are little more expensive than other guaranteed acceptance plans. These premiums, however, are fixed and will never increase on you.

Be Aware: Unfortunately, there are some plans on the market where premiums increase every 5 years. This is definitely not the case with Gerber Life.

Payment of premiums is notably flexible with Gerber Life and there are discounts for certain methods. You can pay by direct billing, debit, credit, or ACH (preauthorized checking). As of today, when you pay by ACH, you can get a discount up to 8%. This level of savings can definitely add up over time.

Easy Application Process

One of Gerber Life Insurance Company’s strengths as a company is their streamlined, digital application process. The entire application takes place over the phone with an independent agent who is appointed with Gerber Life and licensed in your state.

The information needed is very basic and relates to the insured, the owner and the beneficiary. The policy can be electronically signed in a matter of minutes and delivered directly to your inbox.

During the application process, one of the unique features of Gerber Life is that the owner of the policy can be different from the insured. For example, an adult child can own the policy on their father, but the father is the insured.

Gerber Life Insurance Company’s Final Expense Policy Rates

Below are sample premiums from Gerber Life across several age and price brackets.

Pro Tip: Since this is just a sampling and is subject to change, the most affordable plan for you can be discovered by comparing guaranteed issue life insurance rates using the free quoter on this page.

Gerber Life Guaranteed Issue – Male


Gerber Life Guaranteed Issue – Female


All rates shown include a $1.00 policy fee and a discount for ACH payment.

Cons of Gerber Life’s Guaranteed Issue Life Insurance

Gerber Life is a great option for life insurance so there are very few drawbacks when choosing Gerber Life Insurance. However not every policy is perfect, and we do have one potential setback.

No Riders & Accelerated Death Benefits

Unfortunately, Gerber Life does not offer any accelerated death benefits or riders. So if you or a loved one feels strongly towards critical illness or terminal illness protection, AIG would be the stronger choice.

Is Gerber Life’s Guaranteed Life Insurance is Right for You?

There are millions of people who have trusted their insurance needs planning to Gerber Life Insurance Company and we strongly feel that you cannot go wrong. Without talking to you, though, we are unable to say if Gerber Life’s Guaranteed Life is the right carrier and product for you.

Gerber Life Insurance Company is one of 15 high-risk final expense companies that we review on this site. There is an opportunity for you to save money by going with someone else. We would love to earn your business by helping you make this decision and comparing rates from the top insurance carriers in the country.

Working with Guaranteed Issue Life

Our #1 goal is to help you secure the coverage necessary so you can get on with your life and really feel a strong peace of mind when it comes to your family and advanced planning.

If you’re ready to buy Gerber Life’s guaranteed life insurance or another life insurance product to help with final expenses, let us help you by calling today or using the instant quote tool on this page.

You may also visit our instant life insurance quotes page to see what and our experienced team of agents can do for your family and peace of mind.

About Jeff Root & Guaranteed Issue Life
About Jeff Root & Guaranteed Issue Life

Jeff Root is the author of The Digital Life Insurance Agent and host of the Modern Life Insurance Selling Podcast.

Guaranteed Issue Life is a nationally licensed agency, that has helped over 1500 consumers purchase guaranteed issue life insurance. We represent over 30 life insurance companies & transact business in every state.

All content on this site has been written by life insurance experts & licensed life insurance agents.

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