Gerber Life Insurance Company
{{Short description|American insurance company}}
{{Infobox company
| name = Gerber Life Insurance Company
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| type = Subsidiary
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| foundation = {{start date and age|1967}}
Fremont, Michigan, U.S.
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| location_city = White Plains, New York
| location_country = U.S.
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| industry = Life insurance
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| num_employees = 500
| parent = Western & Southern Financial Group
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| homepage = {{official URL}}
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The Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan.{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=6462500|title=Gerber Life Insurance Company: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2017-11-16}} Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses. 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.{{cite web |url=http://www.gerberlife.com/gl/view/index.jsp#product1 |title= Family Life Insurance Policies | Gerber Life Insurance|website=www.gerberlife.com |archive-url=https://web.archive.org/web/20101101185115/http://www.gerberlife.com/gl/view/index.jsp |archive-date=2010-11-01}} 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.{{cite news |last1=Iacurci |first1=Greg |title=Western & Southern buys Gerber Life Insurance in $1.55 billion deal |url=https://www.investmentnews.com/article/20180918/FREE/180919925/western-southern-buys-gerber-life-insurance-in-1-55-billion-deal |accessdate=16 October 2018 |publisher=Investment News |date=September 18, 2018}}{{cite news |last1=Caproni |first1=Erin |title=Western & Southern to make $1.5B acquisition |url=https://www.bizjournals.com/cincinnati/news/2018/09/17/western-southern-to-make-1-5b-acquisition.html |accessdate=16 October 2018 |publisher=Cincinnati Business Courier |date=September 17, 2018}}
In 2007, Nestlé acquired the company with Gerber Products. 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.{{cite web|url=https://www.wsj.com/articles/nestle-to-sell-gerber-life-insurance-to-western-southern-financial-1537222977|title=Nestlé to Sell Gerber Life Insurance to Western & Southern Financial|first1=Leslie|last1=Scism|first2=Robert|last2=Barba|date=17 September 2018|publisher=|via=www.wsj.com}}
Products
- Whole Life Plan
- Family Life Insurance Plan
- Accident Protection Insurance
- Gerber Life College Plan
References
External links
- {{official}}
Category:Financial services companies established in 1967
Category:Companies based in Michigan
Category:American companies established in 1967
Category:Newaygo County, Michigan
Category:1967 establishments in Michigan
Category:Companies based in White Plains, New York