Gerber vs New York Life Life Insurance

  • YEAR FOUNDED
    1967
  • CURRENT CEO
    Keith O’Reilly
  • AVAILABLE
    All 50 States
  • ADDRESS
    Gerber Life Insurance Co. 445 State Street Fremont, MI 49412
  • TOP AWARDS

    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.
  • YEAR FOUNDED
    1845
  • CURRENT CEO
    Theodore Alexander Mathas
  • AVAILABLE
    49 States
  • ADDRESS
    51 Madison Avenue New York, NY 10010 United States
  • TOP AWARDS

    Fortune Magazine’s List of World’s Most Admired Companies For 2017

    Forbes America’s Best Large Employers 2017

    BEQ Pride LGBTQ Business Equality Excellence Award

  • PROS
    • Great option for Seniors
    • Flexible Terms
    • High Death Benefits
  • CONS
    • Lackluster website
    • Poor customer resources
    • No Online Quoting
SOURCEGerberNew York Life
JD PowerN/A4/5
BBBA+A+
AM BestAA++
Moody'sN/AAaa
FitchN/AAAA
Standard & PoorN/AAA+
Comdex Score80100
SOURCEGerberNew York Life
Total Assets$33 billion$303.182 billion
Life Insurance in Force$52 billion $992.8 billion
GerberNew York Life
Term Life InsuranceYearly Convertible Term
Whole Life InsuranceLevel Premium Convertible Term
Accident ProtectionWhole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
GerberNew York Life
Grow-Up® PlanYearly Convertible Term
Gerber Term Life InsuranceLevel Premium Convertible Term
Gerber Life Whole Life insuranceWhole Life Insurance
Gerber Life Guaranteed Universal Life Insurance
Accident Protection InsuranceVariable Universal Life Insurance
Gerber Life College Plan
GerberNew York Life
Waiver of premiumAccidental Death Benefit Rider
Children’s Insurance Rider
Chronic Care Rider
Disability Waiver of Premium Rider
Living Benefits Rider
Spouse’s Paid-Up Insurance Purchase Option
Policy Purchase Option Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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