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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 ...
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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 the United States by 1989.
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