Gerber Life Insurance Company

Gerber Life Insurance Company
Company type
Subsidiary
IndustryLife insurance
Founded1967; 59 years ago (1967)
Fremont, Michigan, U.S.
Headquarters
White Plains, New York
,
U.S.
Number of employees
500
ParentWestern & Southern Financial Group
Websitewww.gerberlife.com Edit this at Wikidata

The Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan.[1] Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses.[2] It is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the Gerber Products Company unit of Nestlé.

History

Gerber Life is headquartered in White Plains, New York, and has an operation center in Fremont, Michigan.[3] The company has $52 billion of life insurance in force with 3.6 million policies for individuals throughout the United States, Puerto Rico, and Canada.[4][2]

In 2007, Nestlé acquired the company with Gerber Products.[2] Nestlé announced on September 17, 2018, that it would be selling the Gerber Life Insurance Company to Western & Southern Financial Group for $1.55 billion.[5]

Products

  • Whole Life Plan
  • Family Life Insurance Plan
  • Accident Protection Insurance
  • Gerber Life College Plan

References

  1. ^ "Gerber Life Insurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-11-16.
  2. ^ a b c Caproni, Erin (September 17, 2018). "Western & Southern to make $1.5B acquisition". Cincinnati Business Courier. Retrieved 16 October 2018.
  3. ^ "Family Life Insurance Policies | Gerber Life Insurance". www.gerberlife.com. Archived from the original on 2010-11-01.
  4. ^ Iacurci, Greg (September 18, 2018). "Western & Southern buys Gerber Life Insurance in $1.55 billion deal". Investment News. Retrieved 16 October 2018.
  5. ^ Scism, Leslie; Barba, Robert (17 September 2018). "Nestlé to Sell Gerber Life Insurance to Western & Southern Financial" – via www.wsj.com.

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