Gerber Life Insurance

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 20, 2020

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Company Details
Address: 1311 Mamaroneck Avenue
City: White Plains
State: NY
ZIP Code: 10605
Phone Number: 914-272-4000
AM Best Rating: A
URL where was collected the AM Best Rating:
Lines of Insurance: life
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, CANADA
Type of Insurance Company: Stock
Parent Company: Gerber Products Co., owned by Nestle
Top executive Contact: Wesley D. Protheroe
Title of Top executive: President/CEO
Ticker Symbol: NSRGY (Parent Company)
Assets & Premiums: Total Assets: $2.548 billionNational Premium: $758.5 millionAsset to Liability Ration: 1:1
Company Rating 1.73 (15 reviews)

Company Overview:

Company History: The Gerber Life Insurance Company was founded in 1967. The company started with initial resources of $4,970,250 and a common capital stock of $1 million. As of 1994 its ultimate parent company was the Sandoz Corporation. In 1996 Sandoz Corporation and Ciba-Geigy merged to create the second largest pharmaceutical company on the planet, the Novartis Corporation. The Novartis Corporation ultimately became the parent of the Gerber Products company. In 2007 Nestle purchased all the shares of stock of the Company from Novartis. Today, Gerber Life Insurance Company is a financially separate affiliate of Gerber Products and a subsidiary of the Nestle Group.
Principle Sales Methods: Direct marketing.

Life Annuity Business: Gerber Life sells Individual Whole, Term, Burial Expense and AD&D insurance for adults, plus child and young adult policies. The company currently has over $40 billion of life insurance in force with over 3 million customers. Gerber Life offers a guaranteed life insurance plan which you cannot be turned down if you are between 50 and 80 years old. In 2009 Gerber life was named one of the Top 50 Performing Life and Health Companies in the US by the Ward Group.

Special Business: Gerber Life sells Child (to age 12) and Young Adult Whole Life insurance policies.

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