Call our dedicated life claim phone line at 1-800-628-0560 for information and to request a life insurance claim form.
- 1 How do I contact Gerber Life?
- 2 What happens if you stop paying Gerber Life Insurance?
- 3 Does Gerber Life still exist?
- 4 How long does Gerber Life take to pay out?
- 5 Can I get my money back from Gerber Life Insurance?
- 6 How do I cash in my Gerber Grow Up Plan?
- 7 What happens to Gerber Life Insurance when child turns 18?
- 8 How does the life insurance work?
How do I contact Gerber Life?
For new or existing claims, please call Customer Service at 1-800-628-0560. Gerber Life Customer Service Representatives are available Monday through Thursday 8 a.m. to 9 p.m. (ET), Friday 8 a.m. to 7 p.m. (ET) and Saturday 9 a.m. to 5 p.m. (ET).
What happens if you stop paying Gerber Life Insurance?
Yes. If you decide to cancel the policy, you’ll receive the accumulated cash value that has built up over time, minus any outstanding debt against the policy. The same is true after your child becomes the policy owner.
Does Gerber Life still exist?
Gerber’s whole life insurance policies can be purchased without a medical exam, as long as you are under 51 and seeking less than $100,000 in coverage.
How long does Gerber Life take to pay out?
The Gerber Life Insurance College Plan is an individual endowment life insurance policy with an adult life insurance benefit that provides a guaranteed* payout of $10,000 up to $150,000 when it matures in 10 to 20 years.
Can I get my money back from Gerber Life Insurance?
The Gerber Life coverage includes a “free look” feature that gives you 30 days to examine and accept your Guaranteed Life Insurance whole life policy. If you decide that you no longer want the safety and coverage that your policy offers, simply return it for a full refund of all premiums that have been paid.
How do I cash in my Gerber Grow Up Plan?
How Can Cash Value Be Used?If you need immediate cash, you can borrow against your policy’s cash value by taking a policy loan. … When your child automatically becomes the policy owner at age 21, your child will gain the valuable whole life insurance protection as well as the accumulated cash value.More items…
What happens to Gerber Life Insurance when child turns 18?
Coverage Automatically Doubles During Age 18 On the policy’s anniversary date during the year that your child’s 18, the coverage will automatically double at no extra cost. This means, for example, that if you originally bought a $25,000 Grow-Up® policy, it would double into a $50,000 policy, and so forth.
How does the life insurance work?
Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.