Gerber Burial Insurance Review

Jake Irving

Jake Irving is the Founder of Policy and has contributed to articles for Synchrony Financial, GoBankingRates, Yahoo News, UpCity, Zapier, LegalZoom, and more.

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Finding burial insurance that offers fair pricing and good plan features should be a priority for anyone looking for coverage. Gerber burial insurance reviews will help seniors discover plan details, price, and if it is a good option.

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How Does Gerber Guaranteed Life Insurance Work?

Gerber guaranteed life insurance is designed for adults 50 – 80 years of age who have had recent health complications. Guaranteed acceptance plans ask no health questions and approve every applicant that applies. The Gerber final expense whole life plan has a two-year waiting period before full coverage is paid out.

Plan Facts

  • Age Eligibility: 50 – 80
  • Coverage Amount: $5,000 – $25,000
  • State Availability: 49 states & DC (excluding MT)
  • Medical Exam: No
  • Health Questions: No
  • Waiting Period: 2 years
  • Permanent Coverage: Yes
  • Builds a Cash Value: Yes
  • Smoking Rates: No

No Health Questions

No medical questions will be asked during the application process. This allows anyone to secure burial insurance, no matter their health condition. All guaranteed issue plans ask no health questions, meaning this is not unique to Gerber life insurance for seniors.

Two-Year Waiting Period

This plan has a two-year waiting period since no health questions are asked. This means if the proposed insured were to pass within two years of the policy issue date, the beneficiary would receive all the paid premiums back plus 10%.

Listed below is the payout structure during the waiting period.

  • Year One: All paid premiums returned plus 10%
  • Year Two: All paid premiums returned plus 10%
  • All Other Years: Full coverage amount

Whole Life Benefits

This product is a whole life insurance plan which means it comes with three permanent benefits. Your coverage will never terminate, the premium will never increase, and a cash value will build over time.

Gerber Guaranteed Issue Rates

Gerber guaranteed life insurance offers competitive rates. For example, a 70-year-old female will pay $63 a month for $10,000 of coverage, while the Colonial Penn 995 plan charges $99.50 for the same amount of protection.

Monthly Premiums 

$10,000 of Coverage

Age Female Male
50
$34
$44
55
$44
$58
60
$51
$64
65
$63
$85
70
$76
$99
75
$108
$139
80
$176
$247

Is Guaranteed Acceptance Your Best Option?

Gerber burial insurance is for someone with significant health conditions or recent surgeries. A guaranteed issue plan is right for you if you have one or more of the following conditions.

  • AIDS/HIV
  • Alzheimer’s/Dementia
  • Assistance with activities of daily living
  • Bone marrow transplant
  • Cancer (presently)
  • Congestive heart failure
  • Heart attacks
  • Organ transplant
  • Recent hospitalizations
  • Stroke (within the past 12 months)
  • Taking Oxygen (sleep apnea not included)

If you do not have any of these diagnoses, you may be able to qualify for a simplified issue plan.

Simplified Issue Coverage

There is another type of burial life insurance policy, and it is referred to as a simplified issue. The great thing about simplified issue plans is that they offer immediate coverage and cheaper monthly premiums for those that qualify. These plans require applicants to answer health questions, and coverage can be denied if you do not respond favorably.

All applicants should attempt to qualify for immediate coverage.

Should I Use Gerber Final Expense Life Insurance?

The Gerber burial insurance plan is a good option for anyone with a serious or complicated medical history. AIG burial insurance should be considered before moving forward with the Gerber policy as it has similar premiums but also offers additional benefits that Gerber does not have.

How to Buy Gerber Life Insurance for Adults

There are two ways to purchase Gerber final expense insurance. Whichever option you choose, it is important to understand the premiums will cost the same.

Directly from Gerber: You can purchase directly from the Gerber life insurance website.

Insurance Agency: It can seem like the simple choice to “cut out the middle man” and work directly with the insurance company. However, a specialized insurance agency can access multiple plans and find the lowest price.

Many times applicants can qualify for immediate burial insurance and just need to be paired with the right insurance company. There are many examples of burial insurance agencies like Open Care final expense plans.

Final Thoughts About Geber Burial Insurance

a. Gerber life insurance reviews show that the guaranteed acceptance plan is a good option for adults with severe chronic medical conditions.

b. If you have a short and straightforward medical history, you should avoid guaranteed life insurance and apply for a lower price and immediate coverage.

c. Working with an insurance agency is the best way to qualify for the most affordable policy.