If you have a Gerber Life Insurance policy that you no longer need or want, you might be wondering how to cancel it. Gerber Life Insurance offers various types of life insurance policies, such as term life, whole life, guaranteed life, and grow-up plans. Depending on the type of policy you have, you might be able to cancel it online or by phone.
In this blog post, we will explain how to cancel Gerber Life Insurance for each type of policy, what information you will need, and what to expect after you cancel. We will also provide some tips on how to find a better life insurance policy if you still want to have coverage.
How To Cancel Gerber Life Insurance Online
Gerber Life Insurance has an online portal called eService where you can manage your policy, make payments, update your personal information, and more. You can also use eService to cancel your Gerber Life Insurance policy online.
To cancel your Gerber Life Insurance policy online, follow these steps:
1. Go to https://www.gerberlife.com/gl/view/service_center/self_service/login.jsp and log in to your eService account with your email and password.
2. Click on the “Manage My Policy” tab and select the policy you want to cancel.
3. Click on the “Cancel Policy” button and follow the instructions on the screen.
4. You will receive a confirmation email from Gerber Life Insurance once your cancellation request is processed.
Note that some policies, such as guaranteed life and grow-up plans, cannot be canceled online. You will need to call Gerber Life Insurance customer service to cancel these policies.
How To Cancel Gerber Life Insurance By Phone
If you prefer to cancel your Gerber Life Insurance policy by phone, or if you have a policy that cannot be canceled online, you can call Gerber Life Insurance customer service at 1-800-704-2180. The phone lines are open Monday to Friday from 8 a.m. to 7 p.m. Eastern Time.
To cancel your Gerber Life Insurance policy by phone, follow these steps:
1. Call 1-800-704-2180 and wait for a customer service representative to answer.
2. Provide your name, policy number, and other details as requested by the representative.
3. Tell the representative that you want to cancel your Gerber Life Insurance policy and explain why.
4. The representative will verify your identity and confirm your cancellation request.
5. You will receive a confirmation letter or email from Gerber Life Insurance once your cancellation request is processed.
How To Cancel Gerber Grow-Up Plan?
A life insurance plan made especially for kids is called the Gerber Life Insurance Grow-Up Plan. It is a whole life insurance policy that can be purchased for kids between the ages of 14 days and 14 years old and offers permanent protection. The child is covered under the policy for the duration of their life, and the premium payments are stable the entire time the policy is in effect.
If you want to cancel your Gerber Grow-Up Plan, then you can do so either online or by contacting their customer support service team by calling Gerber Life at 1-800-704-2180. In the event that you decide to cancel the policy, you will receive the accumulated cash value, less any outstanding debt on the policy.
How To Cash Out Gerber Grow-Up Plan?
You can take out a policy loan against the cash value of your insurance policy if you require quick cash. You can use this to find a solution without compromising your life insurance coverage. The valuable whole life insurance protection and the accumulated cash value will be transferred to your child when they automatically become the policy owner at age 21.
What To Expect After You Cancel Your Gerber Life Insurance Policy
After you cancel your Gerber Life Insurance policy, you will no longer have coverage from Gerber Life Insurance. This means that if you die, your beneficiaries will not receive any death benefit from Gerber Life Insurance.
Depending on when you cancel your policy, you might be eligible for a refund of some or all of the premiums you paid. For example, if you cancel within 30 days of signing up for the policy, you will get a full refund of the premiums you paid. If you cancel after 30 days but before the end of the policy term, you might get a partial refund of the premiums you paid.
If you have a cash value policy, such as whole life or guaranteed life, you will also receive the cash value of your policy when you cancel it. The cash value is the amount of money that accumulates in your policy over time as part of your premium payments. You can use this money for any purpose you want.
However, keep in mind that canceling your cash value policy might have tax implications. You might have to pay income tax on the cash value amount if it exceeds the total premiums you paid for the policy. You should consult a tax professional before canceling your cash value policy.
Tips On How To Find A Better Life Insurance Policy
If you still want to have life insurance coverage after canceling your Gerber Life Insurance policy, you should shop around for a better life insurance policy that suits your needs and budget. Here are some tips on how to find a better life insurance policy:
1. Compare different types of life insurance policies, such as term life, whole life, universal life, and variable life. Each type has its own advantages and disadvantages depending on your goals and preferences.
2. Compare different life insurance companies based on their ratings, reputation, customer service, claims process, and pricing. You can use online tools such as Emma app or HelpAdvisor.com to compare different life insurance companies and policies.
3. Compare different quotes from different life insurance companies based on your age, health, lifestyle, coverage amount, and policy duration. You can use online tools such as QuickQuote.com or Policygenius.com to get free quotes from multiple life insurance companies in minutes.
4. Read the fine print of any life insurance policy before you sign up for it. Make sure you understand the terms and conditions of the policy, such as the premium payments, death benefit amount, exclusions, riders, fees, and cancellation options.
How To Contact Gerber Life Insurance Customer Service?
You can go to Gerber’s Contact Us page, to get all the contact information about reaching out to their customer support service team.
You can contact the Gerber Life Insurance team through these possible methods.
Call Gerber Life: 1-800-704-2180. You can get more contact numbers for different categories on their Contact Us Page.
Fax Gerber Life: 1-231-928-3078
Write To Gerber Life U.S: Gerber Life Insurance Company, 445 State Street, Fremont, MI 49412
Is There A Fee For Canceling My Gerber Life Insurance Policy?
Depending on your policy’s provisions. There may be cancellation fees or penalties for some policies but not for others. Before canceling, be sure to carefully review the terms of your policy to understand any fees or penalties that may be imposed.
Do I Get My Money Back When Canceling A Gerber Life Insurance Policy?
No, you won’t get any refund or money-back for canceling your Gerber Life Insurance Policy. But, if you are in your 30-Days Free Trial Period, then you can get the refund back only when you cancel its trial period within 30 days. After 30 days a refund is impossible.
Canceling your Gerber Life Insurance policy is easy and can be done online or by phone. However, before you cancel your policy, make sure you understand the consequences of losing coverage and the possibility of getting a refund or cash value. If you still want to have life insurance coverage after canceling your Gerber Life Insurance policy, make sure you shop around for a better life insurance policy that meets your needs and budget.