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...

Full Bio →

Written by

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.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Apr 16, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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

  • Prosperity Life has lower rates than Gerber Life
  • Prosperity Life has more policy options than Gerber Life
  • Both companies are rated the same by A.M. Best

Gerber Life and Prosperity Life offers a wide range of permanent and term life insurance options. Prosperity Life has lower rates than Gerber Life and has a wider range of policy options.

Comparing Gerber Life vs. Prosperity Life will allow you to determine the policy that best fits your needs.

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

Gerber Life vs. Prosperity Life: What are their monthly rates?

Examining the monthly rates of a life insurance provider is often a determining factor. Gerber Life insurance rates and Prosperity Life insurance rates are competitive when compared with other life insurance companies.

The following charts show Gerber Life and Prosperity Life rates based on gender and age.

Gerber Life vs. Prosperity Life: Male Whole Life $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesProsperity Life Average Monthly Rates
Age 50$44.09$34.52
Age 60$63.89$49.99
Age 70$99.18$79.58
Get Your Rates Quote Now
Compare RatesStart Now →

The following chart shows the same information for females.

Gerber Life vs. Prosperity Life: Female Whole Life $10,000 Policy Monthly Rates by Age
AgeGerber Life Average Monthly RatesProsperity Life Average Monthly Rates
Age 50$34.47$29.15
Age 60$51.06$35.88
Age 70$75.53$59.13
Get Your Rates Quote Now
Compare RatesStart Now →

As you can see, Prosperity Life rates are lower than Gerber Life and the rates for females are lower than the rates for males.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Gerber Life vs. Prosperity Life: What policies are offered?

Gerber Life and Prosperity Life offer term life and whole life insurance options. Prosperity Life also offers universal life insurance, something missing from Gerber Life’s policy offerings.

Gerber Life offers term life policies in 10-, 20-, and 30-year terms. These policies range in value from $100,000 to $300,000. Only those over the age of 50 require a medical exam so most policies will not feature this requirement.

In addition to its term life policies, Gerber Life offers a variety of whole life plans. There are different whole life policies for different stages of life, allowing a person to maintain life insurance from childhood until death.

The Gerber Life Grow-Up Plan is designed for children and is available for those between the ages of 14 days and 14 years. Parents, grandparents, or legal guardians can purchase the plan, which offers coverage between $5,000 and $50,000.

If a parent wishes to purchase life insurance for a child beyond the maximum age of the child plan, the teenage plan is an option. This plan can be purchased for a teenager between the ages of 15 and 17. It’s similar to the child plan and can be converted into an adult plan later.

Gerber Life insurance for adults starts at 18 years of age and ranges from $50,000 to $300,000. This type of policy can be purchased by adults or converted from a child plan once the beneficiary becomes the policyholder. Similar to term life coverage, only those above the age of 50 require a medical exam for approval.

The senior plan offered by Gerber Life is a final expense policy. Available for those between the ages of 50 and 80, coverage ranges from $5,000 to $25,000. This is designed to pay for funeral and burial costs.

Prosperity Life offers four different types of term life insurance. Each of the term life options can be converted into a whole life policy any time before the policyholder turns 75 years old. While the amount of coverage available differs by policy, they are all offered in 10-, 15-, 20-, and 30-year terms.

Coverage of renewable and convertible term life insurance ranges from $100,000 to $1 million. The most popular type of term life coverage offered by Prosperity Life, the policy is available for customers between the ages of 18 and 80 years.

Two types of simplified-issue term life coverage are offered. Available for those between 18 and 60 years of age, they feature quick approval and no medical exam.

The traditional type of simplified-issue coverage is available up to $350,000. The Grade Death Benefit Plan is designed for final expenses and ranges from $5,000 to $30,000.

A unique offering by Prosperity Life is their income continuation term life plan. This allows a beneficiary to receive a payout in regular monthly payments, creating steady income. This is available for those between the ages of 18 and 55 years.

Prosperity Life offers whole life coverage for those between 15 days and 80 years of age. The minimum coverage is $50,000, lower than most competitors. They also offer a simplified-issue version, which ranges from $15,000 to $75,000.

The company’s single-premium universal life policy is designed as an estate-planning tool. Available for policyholders between 50 and 80 years of age, coverage can be obtained between $15,000 and $250,000 to leave behind for loved ones.

Prosperity Life’s final expense insurance, or burial insurance, is a whole life policy and is available for those between the ages of 50 and 80 years. The coverage amount ranges from $1,500 to $35,000 to match any type of funeral or burial.

Gerber Life vs. Prosperity Life: What riders are available?

Gerber Life and Prosperity Life offer options that can be added to a policy. Known as riders, these options can be added to an existing policy for an additional premium.

Gerber Life’s only rider is the guaranteed purchase option rider. Only available for the Gerber Life Grow-Up Plan, this rider allows the beneficiary to purchase additional life insurance when they become the policyholder at 21.

Prosperity Life offers a variety of optional riders for an additional premium. Optional riders offered by Prosperity Life include:

  • Accidental death
  • Terminal Illness
  • Waiver of a premium
  • Tern-year term

Prosperity Life allows customers more ways to customize their policy than Gerber Life.

Gerber Life vs. Prosperity Life: What are their financial ratings?

Life insurance companies are provided financial ratings by trusted credit rating agencies. Prosperity Life and Gerber Life insurance reviews have been completed by A.M. Best. These ratings determine the likelihood that the companies will be able to provide a payout when a claim is filed.

Gerber Life and Prosperity Life have both been rated an “A” by A.M. Best. This is considered excellent by the rating agency and says that they should be able to provide a payout, even during difficult economic times.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Gerber Life vs. Prosperity Life: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow life insurance customers to make complaints about providers. Complaints have been made about Gerber Life and Prosperity Life.

At the time of this comparison, the Better Business Bureau has received 96 complaints about Gerber Life. The provider has a complaint index rating of 0.44, according to the NAIC. This means they have fewer complaints than the average company of a similar size.

The Better Business Bureau hasn’t received any complaints about Prosperity Life. They also haven’t been examined by the NAIC.

Gerber Life vs. Prosperity Life: How do you cancel a policy?

Neither Gerber Life nor Prosperity Life policies will be canceled by the company as long as premium payments are being made. However, you can cancel your policy by calling the company and asking for a cancellation.

When canceling a policy, you’ll receive the cash value minus any outstanding debt against the policy.

Gerber Life vs. Prosperity Life: What are their pros and cons?

Life insurance companies have positive aspects and negative aspects that should be considered. Gerber Life and Prosperity Life both have pros and cons that will help you decide between the two.

Gerber Life offers policies for all ages so a person can be insured for the entirety of their life if they choose. However, coverage for children is limited to $50,000. It can also be difficult to determine the amount of coverage for a child because they lack income.

Prosperity Life has great rates for a company with the options it provides. Its life insurance options are more than most competitors. One concern is that they don’t underwrite their life insurance policies, which can make the process more difficult and time-consuming.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Gerber Life vs. Prosperity Life: The Bottom Line

Both Gerber Life and Prosperity Life offer a wide range of life and final expense insurance options.

However, Prosperity Life offers more insurance options and a lower monthly rate. With the two being rated the same by A.M. Best, comparing Gerber Life vs. Prosperity Life policies is the best way to find the perfect fit for you.

Affordable Gerber Life insurance quotes and affordable Prosperity Life insurance quotes are available.

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

Gerber Life vs. Prosperity Life: Frequently Asked Questions

Here are some frequently asked questions about Gerber Life and Prosperity Life.

#1 – Can I buy Gerber Life insurance or buy Prosperity Life insurance online?

Gerber Life policies can be purchased online or by phone. Prosperity Life policies can be purchased by contacting an agent. This can be done by filling out the contact form on the provider’s website.

#2 – How can I make changes to my Gerber Life or Prosperity Life policy?

After purchasing a policy, you can enter the Gerber Life or Prosperity Life provider portal through the company website. This will allow you to make any policy changes or payments.

#3 -What other products can I buy from Gerber Life and Prosperity Life?

In addition to life insurance, Gerber Life offers a college savings plan. Prosperity Life offers supplemental health insurance and annuities.