Gerber Life Insurance

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The Gerber Life Insurance Company Texas, was formed in 1967 as a subsidiary of the Gerber Products Company in Fremont, Michigan and is headquartered in White Plains, New York[1]. It is one of the top direct-response marketing insurance companies and a leading producer of juvenile life insurance. Gerber Life Insurance Company has more than $33 billion of life insurance in force and helps provide financial security to over 2.9 million policies throughout the United States, Puerto Rico and Canada.

Gerber Life Insurance Company provides life insurance for the families in the United States, Canada, and Puerto Rico. It offers child whole life and term life, adult term life and whole life, guaranteed life burial, and accident protection plans.  Gerber Life Insurance Company operates as a subsidiary of Gerber Products Company.

Every parent knows the name Gerber. From the smiling baby that has long been the company’s trademarked logo to the jars of food that have fed generations of growing infants.

But that smiling baby means more than just food for parents. It means a logo and a name they can trust. That’s why Gerber Life Insurance has made it the company goal to uphold that tradition and to show parents that they can provide for more than their baby’s nutrition, but for their financial security as well.

They do this by offering low-cost, yet accessible, juvenile life insurance and other financial products.

Texas Gerber Life Insurance, which is a fully-licensed provider of life insurance that operates throughout the United States, Canada and Puerto Rico, has built a strong reputation as a provider of juvenile life insurance. What many people don’t realize, however, is that Gerber Life Insurance actually has options for people of every age, every state of life and of every financial need that range from universal life insurance coverage to disability insurance. In addition, the company prides itself in offering its guaranteed life insurance at competitive pricing. It’s easy to see the benefit of having Gerber be your provider if you simply compare life insurance rates.

Some Gerber Life Insurance plans include:

– The Grow Up Plan: A comprehensive life insurance policy designed for healthy children ages 14 days through 14 years.

– The Smart Start College Plan: A program that allows parents (or other family member) to put away up to $10,000 away for a child’s education.

– Term Life Insurance: For any age, any state of life.

– Whole Life Insurance: Various plans for both juveniles and adults.

– Acceding and Disability Insurance: A plan that adds safety and security to anyone’s situation.

More information about Gerber is easily available anywhere on the Internet, but there is no better place to get it from than directly from the company.

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and has assigned an issuer credit rating of “a” to Gerber Life Insurance Company (Gerber Life) (White Plains, NY). The outlook for both ratings is stable.

Gerber Life is a wholly-owned subsidiary of Novartis Finance Corporation, which is a unit of Novartis AG of Switzerland (NYSE:NVS)(Swiss:NVON). The ultimate parent is a world leader in health care with core businesses in pharmaceutical and nutritional products.

The ratings reflect Gerber Life’s continued strong capitalization, its favorable profitability ratios, as well as its position as a leading direct response marketing insurance company. Also, the present capitalization is principally common stock after the parent converted the majority of Gerber Life’s unassigned surplus into common stock two years ago. Gerber Life continues to increase its absolute level of capitalization, which has grown by double digits each of the past five years. Additionally, earnings have been generated primarily in its core ordinary life line and in the group accident and health segment in the stop-loss line of business.

The company’s direct marketing efforts include solo and shared mail, package inserts, television and the Internet. Gerber Life is positioning itself to fill family lifetime needs and expand beyond its core juvenile life market. However, Gerber Life faces a very competitive environment in expanding into the adult lifetime life insurance market. Other issues include maintaining expense level control as postage, printing and other means of solicitation increase in cost. The group accident and health line also makes extensive usage of reinsurance in support of its stop-loss segment. Going forward, A.M. Best will continue to monitor the accident and health line and Gerber Life’s use of reinsurance leverage.

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