Important Gerber Burial Insurance Review (2023 Rates)
Posted in Final Expense Life Insurance Reviews last updated on January 3, 2023
Gerber Burial Insurance Review
Summary
Gerber has some of the lowest rates available for guaranteed issue insurance. It is hard to find better rates than Gerber if guaranteed issue is your only option.
| Pros | Cons |
|---|---|
| ✅ Ultra-low rates | ❌ 2-year waiting period |
| ✅ Accept everyone |
Gerber is usually known for their products for children but they also have a wide variety of life insurance products for seniors.
Better yet, if a guaranteed issue carrier is your only options because of your health, Gerber will offer you some of the best, if not the best, rates in your area.
This article will show you sample rates for Gerber and our recommendation for your burial insurance needs.
Table Of Contents
Type Of Coverage
One of the most important things to keep in mind with Gerber burial insurance is that they only offer guaranteed issue insurance.
These policies have no health questions and everyone is guaranteed an issued policy but they all come with a mandatory two-year waiting period.
For some people, guaranteed issue may be your only option.
Below are some example health conditions of reasons guaranteed issue is your only option.
- Current Cancer (excluding skin cancer)
- Kidney Dialysis
- Dementia
- Organ Transplant
- Pending Surgery
- Some Medications
Just to name a few.
Since most people do not have one of these conditions, they can get immediate coverage with no waiting period. This will be with a different company from Gerber.
But if you have serious health conditions Gerber may be your best option.
Gerber Guaranteed Issue Life Insurance Rate Sheet
Gerber has some great guaranteed-issue rates available.
Below is Gerber’s guaranteed issue life insurance rate sheet compared to an immediate coverage carrier like Aetna.
You can also compare all of the top companies instantly by filling out our quoter.
Male
| Age | Gerber 10k | Aetna 10k |
|---|---|---|
| 50 | $44 | $34 |
| 60 | $63 | $51 |
| 70 | $99 | $73 |
| 80 | $206 | $140 |
Female
| Age | Gerber 10k | Aetna 10k |
|---|---|---|
| 50 | $34 | $27 |
| 60 | $51 | $40 |
| 70 | $75 | $58 |
| 80 | $176 | $101 |
As you can see, rates get substantially more expensive later in life. It’s important to get your policy approved ASAP to lock in your rates at your current age.
Summary
Gerber is just one of the many companies out there that offer great rates for you.
To save the most money on burial insurance, or any insurance for that matter, you need to compare all of the top companies in your area.
We at Seniors Mutual are experts at finding the best product and price for you, no matter where you live.
If you want to get approved for burial insurance or had additional questions please fill out our quoter or chat with us and we will be in touch ASAP.
We look forward to hearing from you!
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