Gerber Life Insurance Company
American insurance company
From Wikipedia, the free encyclopedia
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.
| Company type | Subsidiary |
|---|---|
| Industry | Life insurance |
| Founded | 1967 Fremont, Michigan, U.S. |
| Headquarters | , U.S. |
Number of employees | 500 |
| Parent | Western & Southern Financial Group |
| Website | www |
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