Gerber vs Globe Life Insurance

April 3, 2020
Jonathan Fritz
B.A. Risk Management
Life Insurance Agent

Two companies who target similar markets are Gerber life insurance and Globe life insurance. Gerber is owned by holding company Western & Southern Financial group who currently holds an “A” excellent AM Best rating. Globe life is owned by Torchmark Corporation, another life insurance holding company with a diverse portfolio and an “A+” excellent AM Best rating. When looking at any insurance company it’s important to look at who they are owned by.

Holding companies that own life insurance companies often own multiple types of businesses and have a high number of assets. A quick google search will tell you what other companies the holding company has in their portfolio.

If you are shopping for Gerber or Globe its likely you are looking at a policy for a whole life policy for a child. What separates Globe and Gerber from the rest of the market is their specialties and efficient pricing models. Both are companies that entered the market to serve the needs of both children and senior adults. Gerber has a grow up plan that is available for children ages 14 days to 14 years old. The biggest benefit to their plan is coverage doubles at age 18 if the policy it kept in force. That means a $5,000 policy would become $10,000 in coverage.

Sample Rates (Rates are unchanged by Gender)

Gerber Grow up Plan (One Year Old Male or Female)

  • $5,000 – $3.40 Monthly.
  • $15,000 - $10.19 Monthly
  • $35,000 - $12.82 Monthly

Globes Child Whole Life Policy (Ages 0-4)

  • $5,000 - $2.17 Monthly
  • $15,000 - $5.49
  • $30,000 - $10.47

In a quick search for rates on both providers websites you will find that rates are very close between Globe and Gerber which makes it more of a matter of preference. It’s important to note both carriers have stellar financial ratings, but they do have one weakness in common. Online we found that Globe has over two hundred complaints on the BBB website in the last three years where Gerber has less than one hundred complaints during the same period of time. If I were stuck deciding between the two, this would convince me to go with Gerber.

Where Can I buy Gerber and Globe?

Both Gerber and Globe sell life insurance directly on their websites. This is a big plus if you are not interested in talking to a life insurance sales agent. However, speaking with a life insurance agent may be a good option if you still have questions on which provider to choose. Also, if you are looking for coverage for a child you should consider a term policy on yourself with a children’s term life rider attached.

    Keith O’Reilly
    All 50 States
    Gerber Life Insurance Co. 445 State Street Fremont, MI 49412

    Top 50 Performing Life and Health Companies (2009) by The Ward Group

  • PROS
    • Many policies to choose from.
    • Medical exams not required.
  • CONS
    • Not your best savings option.
    • A child rider might provide the same protection.
    • Only one rider mentioned on its website.
    Bill Leavell
    All 50 States
    "3700 S. Stonebridge Drive McKinney, TX 75070"


  • PROS
    • No medical exam required.
    • No Waiting Period. You Buy Direct
  • CONS
    • Slow claims process.
    • Terms not readily available.
    • Riders not readily available.