Gerber Life vs. Royal Neighbors: Top Life Insurance in 2024

Gerber Life and Royal Neighbors are life insurance providers that offer a wide variety of term life and permanent life insurance quotes. Royal Neighbors has lower rates and more policy options than Gerber Life. Comparing Gerber Life vs. Royal Neighbors one on one will help you decide between these two life insurance companies.

Before starting this Gerber Life vs. Royal Neighbors comparison, enter your ZIP code to find the best life insurance quotes in your area.

Gerber Life vs. Royal Neighbors: What are their monthly rates?

Knowing the monthly rates of life insurance providers will help you determine if you can afford a policy. The following charts show the Gerber Life vs. Royal Neighbors life insurance rates for a $10,000 whole life policy based on age and gender.

First, let’s look at the rates for men of various ages.

Gerber Life vs. Royal Neighbors: Male Whole Life Average $10,000 Policy Monthly Rates by Age

The following chart shows the same information for women.

Gerber Life vs. Royal Neighbors: Female Whole Life Average $10,000 Policy Monthly Rates by Age

As you can see, Royal Neighbors’ rates are lower than Gerber Life’s and also increase at a lower rate as the policyholder ages. You’ll also notice that the rates for women are typically lower than the rates for men.

Gerber Life vs. Royal Neighbors: What policies do they offer?

Gerber Life and Royal Neighbors offer term life, whole life, and final expense insurance options. Royal Neighbors also offers universal life insurance. Understanding the specifics of their policies will help you determine which company has the right policy for you.

Gerber Life offers term life insurance quotes in 10, 20, and 30-year terms. The value of these policies ranges from $100,000 to $300,000. Only those over the age of 50 require a medical exam.

The whole life policies offered by Gerber Life are dependent on the age of the insured. Child policies can be converted into adult policies, allowing a person to be insured for essentially their entire lifetime.

The Gerber Life Grow-Up Plan is the company’s child policy. Parents, grandparents, and other legal guardians can purchase the policy for a child between 14 days and 14 years old. The policy value is between $5,000 and $50,000 and doubles when the child turns 18.

If a guardian wishes to purchase a policy after the child turns 15, there is a teenage plan for 15- to 17-year-olds. This plan is similar to the Grow-Up Plan, as the child can become the sole policyholder at 21 years of age.

Gerber Life adult plans start at the age of 18 and range from $50,000 to $300,000 in value. Child plans can be converted into adult plans at 18 years of age. Again, only those 51 or older at the time of purchase require a medical exam.

In addition to its life insurance policies, Gerber Life also offers final expense insurance for seniors. These policies are available for those between 50 and 80 years of age and coverage ranges from $5,000 to $25,000.

Royal Neighbors of America offers term life insurance in 15, 20, and 30-year terms. These policies are available for those between the ages of 18 and 65. The coverage of these policies ranges from $50,000 to $5 million. These policies can be renewed until the age of 90.

Similar to Gerber Life, Royal Neighbors offers whole life policies based on age. The Youth Essential Life policy is a child plan for those 17 years and younger with a minimum coverage amount of $10,000.

The Essential Life plan is an adult plan for those 18 to 65 years of age. Featuring a minimum coverage amount of $25,000, the youth plan can be converted into an adult plan when the child turns 18.

In addition to traditional whole life plans, Royal Neighbors also offers a single-premium whole life policy, called the Royal Legacy Life Plan. Available for those between 45 and 80 years of age, this policy is designed to be an estate-planning tool.

Royal Neighbors offers two types of universal life insurance. The cash value focused policy is available up to 85 years of age and the guaranteed death benefits policy is available for those 75 years or younger.

The provider’s final expense insurance is available for those between 50 and 85 years of age and coverage ranges from $5,000 to $25,000. The policy doesn’t require a medical exam but applicants must complete a medical questionnaire. Those looking for burial insurance must complete a two-year waiting period.

Gerber Life vs. Royal Neighbors: What riders are available?

Most life insurance companies offer various options, commonly called riders, that can be added to a policy for an additional premium. Gerber Life and Royal Neighbors both offer optional riders that can be added to existing policies.

The lone rider offered by Gerber Life is the guaranteed purchase option rider. Only available for the Grow-Up Plan, this rider allows the child to purchase additional life insurance when they become the policyholder at 21.

Royal Neighbors offers multiple optional riders that can be added to policies. Optional riders offered by Royal Neighbors include:

• Accelerated death benefit
• Child rider
• Waiver of a premium
• Accidental death
• Guaranteed insurability
• Flexible premium deferred annuity

As you can see, Royal Neighbors has more riders, giving customers more options for customizing their policies.

Gerber Life vs. Royal Neighbors: What are their financial ratings?

Life insurance providers are given financial ratings by credit rating agencies that are meant to signify the likelihood that the company will be able to provide a payout when a claim is filed.

Gerber Life and Royal Neighbors have both been rated an “A” by the agency A.M. Best. Described as “excellent,” this rating is the second-highest the agency offers and informs customers that the companies should be able to provide a payout, even during difficult economic times.

Gerber Life vs. Royal Neighbors: Do the companies offer mobile access?

Neither Gerber Life nor Royal Neighbors offer a mobile application. However, both companies have mobile-friendly websites, allowing customers to access policy information on mobile devices. The Gerber Life and Royal Neighbors agent login and customer login allow access to policy information online.

Gerber Life vs. Royal Neighbors: The Bottom Line

Gerber Life and Royal Neighbors offer term life, whole life, and final expense insurance. Royal Neighbors also offers universal life insurance and has lower rates. Comparing affordable Gerber Life vs. Royal Neighbors life insurance quotes will help you determine the right company to meet your needs.

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

Gerber Life vs. Royal Neighbors: Frequently Asked Questions

Here are some frequently asked questions about Gerber Life and Royal Neighbors.

#1 – Can I buy Gerber Life vs. Royal Neighbors life insurance online?

You can buy Gerber Life insurance online or by phone. Royal Neighbors requires customers to contact an agent to receive a quote or purchase insurance.

#2 – Can I buy other products from Gerber Life and Royal Neighbors?

Gerber Life products are limited to life insurance and final expense insurance but Royal Neighbors also offers annuities.

#3 – How can I make premium payments to Gerber Life and Royal Neighbors?

Policy payments for Gerber Life and Royal Neighbors can be made by debit card, credit card, check, and automatic bank draft.