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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 ...
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]
The company's term and whole life insurance products for adults and children are available in the United States, Puerto Rico, and most of Canada. Gerber Life currently has an "A" ("Excellent") rating with independent rating entity AM Best, the third-highest rating out of thirteen categories. In 2018, Gerber Life Insurance was sold to Western ...
A life insurance premium is the rate you pay for life insurance coverage. Life insurance premiums are determined using factors such as age, health, policy type and coverage limits. Insurers use ...
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In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Kansas City Life Insurance Company is a public insurance company established in 1895 and located in Kansas City, Missouri. The company's 1,400 agents market individual life, annuity, and group products through agencies located in 48 US states and the District of Columbia. Variable life, variable annuities, mutual funds, and other investment ...
Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child's funeral or burial [1] and to secure inexpensive and guaranteed insurance for the lifetime of the child. [2] It offers guaranteed growth of cash value, which ...
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