Gerber vs State Farm 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
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCEGerberState Farm
JD PowerN/A5/5
BBBA+A-
AM BestAA++
Moody'sN/AAa1
FitchN/AN/A
Standard & PoorN/AAA
Comdex Score8098
SOURCEGerberState Farm
Total Assets$33 billion$160.732 billion
Life Insurance in Force$52 billion $901.7 billion
GerberState Farm
Term Life InsuranceSelect Term 10, 20, 30
Whole Life InsuranceReturn of Premium 20, 30
Accident ProtectionMortgage Life 15, 30
Whole Life
Limited Pay 10, 15, 20
Single Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
GerberState Farm
Grow-Up® PlanSelect Term 10, 20, 30
Gerber Term Life InsuranceReturn of Premium 20, 30
Gerber Life Whole Life insuranceMortgage Life 15, 30
Gerber Life Guaranteed Whole Life
Accident Protection InsuranceLimited Pay 10, 15, 20
Gerber Life College PlanSingle Premium Life
Universal Life
Survivorship Universal Life
Joint Universal Life
GerberState Farm
Waiver of premiumN/A
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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