Gerber vs Transamerica Life Insurance

  • 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.
SOURCETransamericaGerber
JD Power2/5N/A
BBBN/AA+
AM BestA+A
Moody'sA1N/A
FitchA+N/A
Standard & PoorAA-N/A
Comdex ScoreN/A80
SOURCETransamericaGerber
Total Assets$8.63 billion$33 billion
Life Insurance in Force$1,018 billion$52 billion
TransamericaGerber
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
TransamericaGerber
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
TransamericaGerber
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
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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.