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Gerber vs North American Life Insurance

Gerber and North American are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Gerber and North American. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both Gerber and North American.
  • YEAR FOUNDED
    1886
  • CURRENT CEO
    Esfandyar Dinshaw
  • AVAILABLE
    All 50 States
  • ADDRESS
    North American Company One Sammons Plaza Sioux Falls, SD 57193
  • TOP AWARDS
  • PROS
    • Over 100 Years in Business
    • Approvals for People with Health Consideration
    • Financial Strength and Ratings
  • CONS
    • Don't currently allow for electronically signed policies
  • 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.

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE North American Gerber
JD Power N/A N/A
BBB A+ A+
AM Best A+ A
Moody's N/A N/A
Fitch A+ N/A
Standard & Poor A+ N/A
Comdex Score 93 80
SOURCE North American Gerber
Total Assets $25.6 billion $33 billion
Life Insurance in Force $120 billion $52 billion
North American Gerber
Term Life InsuranceGrow-Up® Plan
Universal Life insuranceGerber Term Life Insurance
Indexed Universal Life InsuranceGerber Life Whole Life insurance
Gerber Life Guaranteed
Accident Protection Insurance
Gerber Life College Plan
North American Gerber
Addvantage TermGrow-Up® Plan
Universal Life Insurance (Custom Accumulator, Custom GrowthCV, Custom Guarantee, Custom Term GUL)Gerber Term Life Insurance
Indexed Universal Life (Builder Plus IUL, Builder IUL, Guarantee Builder IUL, Rapid Builder IUL, Survivorship GIUL)Gerber Life Whole Life insurance
Gerber Life Guaranteed
Accident Protection Insurance
Gerber Life College Plan
North American Gerber
Waiver of monthly deductionWaiver of premium
Children's Life Insurance Rider
Waiver of Term Premium for Disability Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.