Gerber Life Insurance Company

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Gerber Life Insurance Company
Company typeSubsidiary
IndustryLife insurance
Founded1967; 59 years ago (1967)
Fremont, Michigan, U.S.
Headquarters,
U.S.
Number of employees
500
ParentWestern & Southern Financial Group

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

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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

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

References

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