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Gerber vs Transamerica Life Insurance

Gerber and Transamerica are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Gerber and Transamerica. 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 Transamerica.
  • YEAR FOUNDED
    1928
  • CURRENT CEO
    Mark W. Mullin
  • AVAILABLE
    All 50 States
  • ADDRESS
    Cedar Rapids, Iowa
  • TOP AWARDS

    Diversity Best Practices Inclusion Index

    2018 Thomson Reuters Lipper Fund Award

  • PROS
    • Financially secure
    • Competitive life insurance products
    • Variety of products available
  • CONS
    • Some insureds have complained of having to deal with third-party representatives instead of direct sales agents.
    • No BBB accreditation
  • 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 Transamerica Gerber
JD Power 2/5 N/A
BBB N/A A+
AM Best A+ A
Moody's A1 N/A
Fitch A+ N/A
Standard & Poor AA- N/A
Comdex Score N/A 80
SOURCE Transamerica Gerber
Total Assets $8.63 billion $33 billion
Life Insurance in Force $1,018 billion $52 billion
Transamerica Gerber
Whole life insuranceGrow-Up® Plan
Term life insuranceGerber Term Life Insurance
Universal life insuranceGerber Life Whole Life insurance
Variable Universal life insuranceGerber Life Guaranteed
Accident Protection Insurance
Gerber Life College Plan
Transamerica Gerber
Trendsetter SuperGrow-Up® Plan
Trendsetter ExpressGerber Term Life Insurance
Trendsetter Living BenefitsGerber Life Whole Life insurance
Transamerica Universal LifeGerber Life Guaranteed
Transamerica Premier Financial Foundation IULAccident Protection Insurance
Guaranteed Whole LifeGerber Life College Plan
Transamerica Gerber
Children’s Insurance RiderWaiver of premium
Accident Indemnity Rider
Return of Premium Rider (For 20- & 30 Year Terms)
Waiver of Premium Rider
Guaranteed Insurability Benefit 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.