Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Apr 16, 2021

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

The Facts of Life

  • Gerber Life is rated higher than Liberty Bankers by A.M. Best
  • Liberty Bankers has lower rates than Gerber Life
  • Gerber Life is focused on young families while Liberty Bankers is focused on final expenses

Gerber Life and Liberty Bankers offer a variety of permanent and term life insurance options. Gerber Life has been rated better by A.M. Best, while Liberty Bankers offers lower monthly rates. A close comparison of Gerber Life vs. Liberty Bankers will help you determine the life insurance provider that best meets your needs.

Before jumping into this Gerber Life vs. Liberty Bankers review, enter your ZIP code to find the best life insurance quotes in your area.

Gerber Life vs. Liberty Bankers: What are their monthly rates?

Gerber Life insurance rates and Liberty Bankers life insurance rates are competitive. Comparing these rates will help you decide if you can afford the monthly payments for each provider. The following tables provide the information for a $10,000 whole life policy, depending on age and gender.

Gerber Life vs. Liberty Bankers: Male Whole Life $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesLiberty Bankers Average Monthly Rates
Age 50$44.09$30.51
Age 60$63.89$45.80
Age 70$99.18$73.31
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The following table provides the same information for females.

Gerber Life vs. Liberty Bankers: Female Whole Life $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesLiberty Bankers Average Monthly Rates
Age 50$34.47$25.57
Age 60$51.06$34.67
Age 70$75.53$54.79
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As you can see, Liberty Bankers offers lower rates than Gerber Life and the rates for women are lower than the rates for men.

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Gerber Life vs. Liberty Bankers: What policies are offered?

Gerber Life and Liberty Bankers offer a wide variety of term life and whole life insurance products. Gerber Life focuses on young families and Liberty Bankers focuses on final expense insurance, which will impact the cost and types of insurance plans.

Gerber Life offers term life insurance in 10-, 20-, and 30-year terms. Coverage is available between $100,000 and $300,000. Only customers 51 years or older are required to have a medical exam completed for acceptance, so most policies won’t require an exam.

The provider also offers four types of whole life insurance policies. These plans are specifically designed for children, teenagers, adults, and seniors. Understanding the ages these plans are designed for and what they entail will help you determine if they’re right for you.

The Gerber Life Grow-Up Plan is a child-based whole life policy. Coverage ranges from $5,000 to $50,000 and is available for those between 14 days and 14 years of age. Parents, grandparents, or legal guardians can purchase this type of policy, which doubles in value when the child turns 18.

The company’s teenage policy is similar to the child policy but is available for those between the ages of 15 and 17.

Gerber Life insurance for adults is available for those 18 years and older and coverage ranges from $50,000 to $300,000. As previously mentioned, only those 51 years and older who apply for more than $100,000 of coverage are required to have a medical exam so most policies won’t require an exam.

The fourth type of whole life coverage is specifically for seniors, available for those between the ages of 50 and 80. The value of this coverage ranges from $5,000 to $25,000. No medical exam is required and acceptance is guaranteed.

Liberty Bankers has term life coverage in 10-, 15-, 20-, and 30-year terms. This type of coverage is available for those between the ages of 18 and 70, though there are limited options for those above the age of 65.

The provider offers two types of whole life coverage; simplified issue and modified whole life. Both of these policies are designed for final expenses and range from $1,000 to $25,000 in value. The simplified issue plan is available for those between the ages of 66 and 80 and the modified plan is available for those between 40 and 80 years of age.

In addition to term and whole life insurance, Liberty Bankers also offers pre-need insurance plans. This type of insurance allows a policyholder to take care of all funeral arrangements before their death. The death benefit will be paid directly to your chosen funeral home and all decisions will be made before you pass away, taking the burden off of your family.

Gerber Life vs. Liberty Bankers: What riders are available?

Customers of Gerber Life and Liberty Bankers can customize their policy by adding options to a plan. Known as riders, these options are usually added for an additional premium.

The only rider offered by Gerber Life is a guaranteed purchase option. This rider only applies to the Gerber Life Grow-Up Plan and allows the child the option to buy additional coverage when they become the policyholder at 21 years of age. The rider is included with all Gerber Life Grow-Up Plan policies free of charge.

Optional riders offered by LIberty Bankers include:

  • Children’s Benefit
  • Grandchild
  • Waiver of a Premium
  • Accelerated Living Benefit

While Liberty Bankers does offer more riders than Gerber Life, many life insurance providers have a larger selection than these two companies.

Gerber Life vs. Liberty Bankers: What are their financial ratings?

The credit rating agency A.M. Best produces financial ratings for various life insurance providers. These ratings determine the likelihood that the company will be able to provide a payout when a claim is filed. Gerber Life insurance reviews and Liberty Bankers life reviews have been completed by A.M. Best.

Gerber Life has been rated an “A” by A.M. Best. Categorized as “Excellent,” this is the second-highest rating possible on the A.M. Best rating scale.

Liberty Bankers has been rated a “B+” by A.M. Best. This rating is categorized as “Good” on the agency’s scale, one rating lower than Gerber Life.

Other credit rating agencies provide financial ratings but Gerber Life and Liberty Bankers have only been rated by A.M. Best.

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Gerber Life vs. Liberty Bankers: Company Background

Gerber began providing life insurance to customers in 1967. In keeping with the company’s primary services, their life insurance plans focus on young families. The life insurance provider is headquartered in Fremont, MI, and offers products in the United States, Canada, and Puerto Rico.

Liberty Bankers was established in 1958, offering life insurance offerings that focus on final expenses. The company is headquartered in Dallas, TX, and continues to provide various types of life insurance that allow a person to prepare for their death.

Gerber Life vs. Liberty Bankers: The Bottom Line

The decision between Gerber Life and Liberty Bankers will depend on your life insurance goals. While Gerber Life focuses on young families, Liberty Bankers provides final expense policies. Comparing Gerber Life vs. Liberty Bankers will help you choose between the two.

Affordable Gerber Life insurance quotes and affordable Liberty Bankers life insurance quotes are available.

Now that you’ve compared Gerber Life vs. Liberty Bankers, enter your ZIP code to discover the top life insurance rates in your area.

Gerber Life vs. Liberty Bankers: Frequently Asked Questions

Here are some frequently asked questions about Gerber Life and Liberty Bankers.

#1 – Can I buy other types of insurance from Gerber Life or Liberty Bankers?

Gerber Life only sells life insurance while Liberty Bankers only sells life and final expense insurance. Neither company sells other types of insurance, such as auto or homeowner’s insurance.

#2 – Does Gerber Life or Liberty Bankers have a mobile app?

Gerber Life has a mobile app for agents but not one that customers can use. Liberty Bankers has a mobile application that can be used to make changes to a policy or make premium payments.

#3 – How can I make Gerber Life or Liberty Bankers policy payments?

Payments for your Gerber Life or Liberty Bankers policy can be made by credit card, debit card, check, or automatic bank draft.