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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 ...
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In 1951, the company was chartered by two longtime friends, Ralph Reece and John Singletary, with $60,000 of borrowed capital. Globe originally sold inexpensive but dependable life insurance protection to rural Oklahoma communities. Since 1951, Globe Life has grown in financial strength and reputation, consistently receiving high industry ratings.
In 2018, Western & Southern acquired the Gerber Life Insurance Company from Nestle for $1.55 billion, [11] [12] along with a long-term intellectual property license in connection with financial services. [13] In November 2019, Western & Southern Financial Group promoted John Bultema as CEO of Lafayette Life Insurance Co. [14]
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