Gerber Life Insurance: What's The Deal?

Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan. The company provides juvenile and family life insurance products to middle-income families, as well as medical insurance to small and medium-sized businesses. Gerber Life Insurance offers affordable policies for all ages, including the Gerber Grow-Up Plan, which is a whole life insurance policy for young children.

Gerber Life Insurance Company history

Gerber Life Insurance Company was founded in 1967 in Fremont, Michigan, as a financially separate affiliate of the Gerber Products Company, which was known as 'the baby food people'. Gerber Life provides juvenile and family life insurance products to middle-income families, as well as medical insurance to small- and medium-sized businesses. The company is now headquartered in White Plains, New York, and has an operation centre in Fremont, Michigan.

Gerber Life was acquired by Nestlé, the largest food and beverage company in the world, in 2007, along with Gerber Products. Nestlé then sold the company to Western & Southern Financial Group for $1.55 billion in 2018. Western & Southern Financial Group now has a long-term license to use certain Gerber Life intellectual property, including the Gerber Life name and logo, in connection with certain financial services.

Gerber Life has approximately 500 associates, and as of December 2023, it had $65 billion of life insurance in force, with 3.6 million policies for individuals throughout the United States, Puerto Rico, and Canada. The company is licensed to sell insurance in all 50 states, Washington D.C., and Puerto Rico, although some Gerber Life policies are not available in all areas.

Juvenile and family life insurance products

Gerber Life Insurance Company provides juvenile and family life insurance products to middle-income families. The company offers life insurance plans for children and adults, so that families or loved ones are covered at every age and stage of life. The Gerber Grow-Up Plan is a whole life insurance policy for young children, ranging from newborns and infants to 14-year-olds. The plan lets a young family get covered at a very affordable price that does not increase. It can provide life insurance coverage for children if the worst happens while they're growing up. It's a whole life insurance policy that your child could keep for the rest of their lives in adulthood, so long as they pay the premiums. When your child turns 18, Gerber will double the death benefit up to a maximum of $100,000. For example, if you bought a $40,000 policy, it would then double to $80,000. As an adult, your child will have opportunities to buy more life insurance with no medical exam, increasing the death benefit up to 10 times the original amount.

Whole life insurance policy for young children

Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan, and is currently owned by Western & Southern Financial Group. The company provides juvenile and family life insurance products to middle-income families, as well as medical insurance to small- and medium-sized businesses.

One of Gerber's products is the Gerber Grow-Up Plan, a whole life insurance policy for young children, ranging from newborns and infants to 14-year-olds. The Grow-Up Plan is designed to provide life insurance coverage for children at a very affordable price that does not increase over time. This means that young families can get covered at a low cost. The policy can be kept for the rest of the child's life, as long as they continue to pay the premiums. When the child turns 18, Gerber will double the death benefit up to a maximum of $100,000. For example, a $40,000 policy would double to $80,000. As an adult, the policyholder will have the opportunity to buy more life insurance with no medical exam, increasing the death benefit up to 10 times the original amount.

Gerber Life Insurance also offers adult life insurance policies, which can be used to save for college. These policies offer guaranteed growth and fixed payments, with the flexibility to use the payout money for anything, not just college. Policyholders are guaranteed to receive between $10,000 and $150,000 when the policy matures.

Life insurance for adults

Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan, and provides life insurance for both children and adults. It is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the Gerber Products Company unit of Nestlé. 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.

Gerber offers a Grow-Up Plan, which is a whole life insurance policy for young children, ranging from newborns and infants to 14-year-olds. The cost of this plan does not increase over time and can be kept for the rest of the child's life, so long as they pay the premiums. When the child turns 18, Gerber will double the death benefit up to a maximum of $100,000. As an adult, the child will have the opportunity to buy more life insurance with no medical exam, increasing the death benefit up to 10 times the original amount.

Gerber also offers adult life insurance policies, which can be used for college or anything else the policyholder wishes. This is an endowment life insurance policy with fixed payments and guaranteed growth. Policyholders are guaranteed to receive $10,000 to $150,000 when the policy matures.

Gerber's life insurance policies are designed to be affordable for middle-income families, with the company offering flexibility to fit unique needs and budgets.

Gerber Grow-Up Plan

Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan, and provides juvenile and family life insurance products to middle-income families. The company is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the Gerber Products Company unit of Nestlé.

The Gerber Grow-Up Plan is a whole life insurance policy for young children, ranging from newborns and infants to 14-year-olds. The plan provides life insurance coverage for children and can be kept for the rest of their lives in adulthood, as long as they continue to pay the premiums. The cost of the plan does not increase over time. When the child turns 18, Gerber will double the death benefit up to a maximum of $100,000. For example, if the policyholder purchases a $40,000 policy, it will then double to $80,000 when the child turns 18. As an adult, the child will have the opportunity to buy more life insurance without a medical exam, increasing the death benefit up to 10 times the original amount.

Gerber Life Insurance offers affordable policies for all ages, with the flexibility to use the payout money for anything, not just college. The company guarantees a payout of $10,000 to $150,000 when the policy matures. Gerber Life Insurance is headquartered in White Plains, New York, and has an operation centre in Fremont, Michigan. 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.

Frequently asked questions