Gerber Life Insurance Company
| 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 | gerberlife |
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
- ^ "Gerber Life Insurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-11-16.
- ^ a b c Caproni, Erin (September 17, 2018). "Western & Southern to make $1.5B acquisition". Cincinnati Business Courier. Retrieved 16 October 2018.
- ^ "Family Life Insurance Policies | Gerber Life Insurance". www.gerberlife.com. Archived from the original on 2010-11-01.
- ^ Iacurci, Greg (September 18, 2018). "Western & Southern buys Gerber Life Insurance in $1.55 billion deal". Investment News. Retrieved 16 October 2018.
- ^ Scism, Leslie; Barba, Robert (17 September 2018). "Nestlé to Sell Gerber Life Insurance to Western & Southern Financial" – via www.wsj.com.
External links
- Articles with short description
- Short description is different from Wikidata
- Financial services companies established in 1967
- Companies based in Michigan
- American companies established in 1967
- Newaygo County, Michigan
- 1967 establishments in Michigan
- Companies based in White Plains, New York
- Life insurance companies of the United States
- 2018 mergers and acquisitions