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Home / Industry News / Gerber Life Receives Updated Rating From Am Best

Gerber Life Receives Updated Rating from AM Best

Gerber Life Insurance Company received an updated higher ranking from AM Best. This signifies the growth & stability of Gerber Life’s financial standing.

Written By: David HaassReviewed By: Ashlee Zareczny

Gerber Life Insurance Medicare Supplement

Gerber Life Insurance Company is widely known for providing life insurance policies to children. However, they also offer a wide range of products for individuals of any age, including Medicare Supplement plans for those who qualify for the federal healthcare program.

As the company continues to expand, Gerber Life’s increased financial strength and creditworthiness have been a major factor in the company earning a higher rating from AM Best.

Recently, AM Best, the world’s largest credit rating company, has re-elevated Gerber Life’s Financial Strength Rating, changing it from a rating of A (Excellent) to A+ (Superior).

Additionally, their Long-Term Issuer Credit Rating has been upgraded from A+ (Excellent) to AA (Superior). Gerber Life, headquartered in White Plains, NY, now stands among the top-tier insurance providers for Medicare and ancillary products in terms of financial stability and creditworthiness.

What Gerber Life’s Rating Increase Means for Clients

For small insurance brokerages, this rate increase is an important steppingstone in providing the best coverage to clients across the U.S. By offering higher rated carriers, your clients are more likely to commit to enrolling in a plan with you, thus creating lasting relationships.

There are several impacts this higher rating can have for Gerber Life and for your brokerage. These include:

• Enhanced creditability and stability

• Expanded product portfolios

• Stable outlook and future prospects

Enhanced Credibility and Stability

An increased rating for Gerber Life means that small brokerages can have easy access to a carrier that provides a high level of credibility and stability for clients. Offering high-rated carriers can bolster your brokerage’s reputation, making it more attractive for prospective enrollees.

When presented with high-rated options, clients often tend to feel more comfortable making an investment into their healthcare. Brokerages who offer carriers with high-rated products offer a sense of stability that clients search for when choosing their health insurance.

Expanded Product Portfolios

Gerber Life's continued growth and strength has led to a diverse product portfolio, including life insurance, Medicare, and other insurance offerings. This expansion offers brokerages a wider range of products to meet the ever-changing needs of their clients.

With a wide range of high-ranking products to offer clients, your brokerage will begin to gain a sense of creditability among clients. Thus, leading to referrals and word-of-mouth marketing.

Stable Outlook and Future Prospects

AM Best's ratings showcase their confidence in the continued financial strength and performance of Gerber Life Insurance Company. This stability translates into a reliable partnership and long-term growth potential for both agents and clients.

Partnering with a stable insurance carrier will ensure your clients’ needs are met for the long term.

Gerber Continues to Grow into the Future

While the upgraded rating shines a light on Gerber Life's financial strength and stability, it's essential to stay informed about industry trends and developments. As a company, Gerber Life has no plans of slowing their operations, making them a solid carrier to partner with when providing coverage to your clients.

However, as the insurance landscape evolves, maintaining a strong understanding of carrier ratings and offerings is essential for your brokerage to better serve your clients and ensure you are always putting your best products in front of your clients.

As your partner, The Elite Brokerage is here to provide you with the latest industry trends and updates. Check back regularly for more.

David Haass

Co-Founder & CTO

David Haass is the Chief Technology Officer and Co-Founder of The Elite Brokerage. He is a member and regular contributor to Forbes Finance Council and stays up-to-date with the latest Medicare trends and changes. He holds a Bachelor of Science in Business Administration and Management from the University of Florida.

Ashlee Zareczny

Compliance Manager

Compliance manager, Ashlee Zareczny is passionate about producing accurate and compliant content. She works closely and diligently with each member of our editorial team to ensure the accuracy and relevancy of each article published across all Elite Insurance Partners brands.