Gerber Life has been Gerber Life pros and cons since 1967, giving the company decades of experience in the insurance industry. The company offers budget-friendly life insurance for children and adults, including whole life and guaranteed issue burial insurance plans. It also sells accidental death and dismemberment insurance, which covers a person’s loss of limbs or eyesight in an accident. In addition, Gerber has a no-medical-exam option called Fabric by Gerber that can cover pre-existing conditions.

Gerber is known for offering a variety of child policies with flexible coverage options, such as the Grow-Up plan, which doubles policy payouts at age 21 and can function like a college savings vehicle. But it also has a range of whole life and final expense insurance policies for adults, too. These plans typically have lower death benefits and starting coverage amounts, making them more suitable for covering specific goals, such as paying off a mortgage or covering funeral expenses.

Pros and Cons of Choosing Gerber Life Insurance

A key difference between Gerber’s whole life and final expense policies is that, unlike most other whole life insurers, the company does not allow policyholders to access their accumulated cash value without paying a penalty (usually an 8% interest rate). Instead, the company requires them to borrow directly from the policy, which comes at a price: the borrowable cash maximum is only 10% of paid premiums, and any borrowed funds are subject to an 8% annual interest charge.

Despite this, most Gerber Life reviews are positive, with many customers praising the company for its reliable support and affordable prices. And although the company has a higher than average number of customer complaints, the National Association of Insurance Commissioners reports that it has consistently resolved issues quickly.