Gerber life insurance ↝ Life insurance

Sell Gerber Life Final Expense Insurance, New Horizons

Why Gerber Final Expense? Whether your clients have existing life insurance coverage or none at all, a Gerber Life Guaranteed Life policy can help fill the gaps in life insurance protection. Your clients can get up to $25,000 in life insurance coverage at an affordable rate, which can help pay funeral costs, unpaid medical expenses, loan balances, credit card bills, and other outstanding debt. Even if your clients already have life insurance, they may be underinsured. Inflation may have cut its value over the years, so the insurance they bought even a few years ago may not be sufficient for their needs. A Gerber Life Guaranteed Life policy is a great way to help counter the effects of...

NCDOI fines Gerber Life Insurance Company $1.1 million for claims violations, NC DOI

NCDOI fines Gerber Life Insurance Company $1.1 million for claims violations Gerber pays $2.5 million in consumer recoveries North Carolina Insurance Commissioner Mike Causey announced today the North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes a $1.1 million penalty for numerous violations related to its claims practices for accidental death and dismemberment policies. “No family should have to endure the frustration and struggle to get the death or dismemberments benefits to which they are entitled, especially while they are grieving the loss of a loved one or suffering from the loss of a limb,” said...

Western Southern Reaches Deal with Nestl S.A. to Acquire Gerber Life, Western amp; Southern Financial Group

Western & Southern Financial Group has reached an agreement with Nestlé S.A. to acquire Gerber Life Insurance Company, a wholly owned indirect subsidiary of Nestlé, for an aggregate purchase price of $1.55 billion, the two parent companies announced today. The purchase includes a long-term license to use Gerber Life intellectual property in connection with financial services. The deal brings a leading direct-to-consumer life insurer and renowned brand to Western & Southern’s diversified family of financial services businesses. Gerber Life, headquartered in White Plains, New York, brings its valuable product offerings and focus on protecting families to a...

Gerber Life Grow-Up Plan, College Plan Provide ‘No Meaningful Savings,’ Class Action Claims

While Gerber is recognized in America as a trusted brand of baby food products, a proposed class action claims Gerber Life Insurance Company’s “savings” products are “the financial equivalent of junk food.” According to the lawsuit out of Kentucky, Gerber’s “Grow-Up Plan” and “College Plan,” despite being marketed as an easy way for parents and grandparents to save for a child’s future, actually provide “no meaningful savings benefits.” The case alleges that Gerber misrepresents the nature of both plans as savings vehicles when the products are really life insurance policies that will most likely end up leaving consumers with “a guaranteed loss at best and a total loss of their investment...

Gerber Life's Parent Sews Up Fabric Purchase, ThinkAdvisor

Western & Financial Group announced today that has acquired Fabric Technologies, a company that sells protection-oriented insurance to families through the web and through a mobile app, from Bessemer Venture Partners. Western & Southern is a Cincinnati-based insurer that was founded in 1888 and owns or manages about $113 billion in assets. Fabric was founded in 2015 by Adam Erlebacher and Steven Surgnier. It has helped 60,000 people buy term life insurance and accidental death insurance from Penn Mutual’s Vantis Life Insurance Company subsidiary. Western & Southern said in 2018, when it acquired Gerber Life Insurance Company, a well-known life insurance for children through...

Nestlé venderá unidad Gerber Life Insurance por 1.550 mln dlr, Reuters

(Reuters) - Nestlé dijo el lunes que vendería su unidad Gerber Life Insurance a Western and Southern Financial Group por 1.550 millones de dólares en efectivo, lo que ayudaría a la compañía a concentrarse en su negocio principal de alimentos, bebidas y productos de la salud. Nestlé, que ha visto una desaceleración de sus ventas debido a un giro de los consumidores hacia productos más saludables, había estado revisando su cartera para vender marcas de bajo desempeño, mientras compra y lanza nuevos productos para enfrentar sus desafíos. “Esta medida es parte de la evolución de nuestra cartera”, dijo el presidente ejecutivo de Nestlé, Mark Schneider, en un comunicado. Nestlé, con sede en Suiza...

Gerber Life Insurance Reviews with Costs, Retirement Living

Gerber Life Insurance Review Life insurance is one of those things that everyone needs, but no one likes to talk about. When you’re young and have the luxury of thinking that you’ll live forever, life insurance doesn’t cross your mind. Marriage and kids often change that outlook, and you find yourself wondering “What will happen to my family if I die?” As we get older, “if” becomes “when,” and we want to be sure our families do not become saddled with financial burdens upon our passing. The Gerber brand has been around for nearly 100 years, and Gerber Life Insurance provides policies throughout the United States, Canada and Puerto Rico. They have over 3.3 million policies in force,...

Securian Financial Subsidiary Acquiring Gerber Life Canadian Business, Business Wire

ST. PAUL, Minn.--( BUSINESS WIRE )--Canadian Premier Life Insurance Company, a Canadian subsidiary of Securian Financial Group, Inc., announced today that it has signed a definitive agreement to purchase the Canadian block of business from Gerber Life Insurance Company, a subsidiary of Western & Southern Financial Group Inc. Gerber Life’s Canadian block of business consists primarily of Grow-Up® whole life insurance policies for juveniles. Western & Southern will retain its Gerber Life business in the U.S. The transaction is subject to regulatory approval in Canada, at which point Canadian Premier will fully assume the Canadian Gerber Life policies. The Gerber Life brand will no...

Top Gerber Grow-Up Plan Review Don t Do Anything Until You Read This!

The Gerber Grow-Up Plan is offered through the Gerber Life Insurance Company, which is part of the Gerber Products Company. The Company offers insurance products that it calls “Family Life Insurance Policies.” ( 1 ) Gerber Life offers the following different types of life insurance plans: Gerber Life College Plan The following article will focus primarily on the Gerber Grow-Up Plan. We will cover what the plan is, the benefits of the plan and possible drawbacks. Gerber Grow-Up Plan The Gerber Grow-Up Plan is aimed at parents, grandparents, or legal guardians who would like to purchase whole life insurance for a child from 14 days to 14 years old. As is common with whole life,...

Gerber Life Final Expense

Gerber Life Guaranteed Issue Final Expense Company Description At Gerber Life Insurance, It is our mission to be the brand that parents trust to help them achieve financial security and protection for their families. By providing affordable, industry-leading child life insurance plans in addition to other adult life insurance policies, we strive to give our customers the comfort and peace of mind they deserve. Today, Gerber Life Insurance is licensed to provide life insurance throughout the United States, Canada and Puerto Rico. We have more than $45 billion of life insurance in force and help provide financial security through over 3.3 million policies. Gerber Life has insurance products...