Executives at Globe Life say the company is continuing to assume that it will incur about $2 million in life insurance claims for every 10,000 in U.S. COVID-19-related deaths. The McKinney, Texas-based life insurer is assuming, in midpoint projections, that the total number of U.S. COVID-19-related deaths for 2020 will increase to about 280,000 by the end of the year, from 225,000 today. The company is assuming that COVID-19 will kill about 100,000 to 220,000 people in the United States in 2021, with a midpoint assumption of 160,000. Resources Globe Life executives talked about how they see the COVID-19 pandemic during a conference call they held to go over the company’s earnings for the...
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MCKINNEY, Texas, June 20, 2022 -- Globe Life Liberty National Division raised $66,036 as part of their inaugural Make Tomorrow Better Award competition, with all proceeds going to Lend a Hand Bahamas. The competition, which ran throughout May 2022, challenged Liberty National Division Agency Owners to drive donations, culminating in the final amount being presented on June 3 at the Company's annual Convention in Nassau, Bahamas. This year's competition was won by the Angela Hanson Agencies of Alabama and Georgia, which raised $12,145. "I'm proud to be a part of an organization that always challenges us to make a positive impact," Hanson said. "I had full faith my team would step up because...
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Globe Life offers its customers an extensive combination of permanent and term life insurance and is recognized among its customers for offering low introductory rates. Although the first month’s coverage purchase is $1, it is a price that will increase in a short time. Its policies are also sold through subsidiaries, including American Income Life, United American, Liberty National Life, and Heritage Life. Although headquartered in Texas, insurance agents are located in every state. How to log in to globelifeinsurance.com? Logging in to Globe Life is simple and quick; when you enter the website on the top menu, you will see the option “customer login” on the new page,...
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Both insurers are financially strong and well-established in the life insurance world, but their product lineups set them apart. Globe Life has a more niched approach, while New York Life has a full suite of policies to choose from. Find out how they stack up when it comes to their products, rates and reputation. Life insurance products with Globe Life and New York Life Both insurers sell term and whole life insurance, and Globe Life also has a specific whole life policy for children. But New York Life has a broader range of life insurance products overall, also offering universal, variable and survivorship policies. In terms of coverage amounts, Globe Life’s policies are capped at $100,000...
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The strong job market continued to hit Globe Life’s agent count in the first quarter, but company executives say recruitment appears to be stabilizing. Globe Life is a McKinney, Texas-based company that focuses on selling life insurance and health insurance to middle-income families through career agents and a direct marketing program. The company reported Wednesday, when it released earnings for the latest quarter, that it had an average of 13,141 agents making sales in the latest quarter, down 5.7% from the total for the first quarter of 2021. Early in the COVID-19 pandemic, pandemic-related social distancing rules hurt Globe Life’s efforts to recruit agents and get new agents trained...
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Globe Life Supplemental Insurance Globe Life has been growing in the life and accident insurance industry for so long that they’ve developed a client base exceeding 4 million. As a subsidiary of Globe Life Inc, their roots go back over 100 years. They have over $82 billion of insurance in force which further substantiates their ability to be a key provider of Globe Life Supplemental Insurance. Because of their long-standing stability, it’s clear that Globe Life Supplemental insurance is a viable choice for your Medicare investment strategy. Globe Life Supplement Plan Options If you’ve been out looking for insurance seeking more information on supplemental insurance, a Globe Life Supplement...
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The Global Cancer Insurance Market study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Cancer Insurance Industry is its growth rate. Many major technology players – including MetLife, AIG, Globe Life, Cigna, Allstate Benefits, Mutual of Omaha Insurance Company, United American Insurance & Washington National Insurance Company etc have been looking into Cancer Insurance as a way to increase their market share and reach towards consumers. Industries and key technological segments are evolving; navigate these changes with...
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Torchmark Corp. recently announced it will be changing its corporate name to Globe Life Inc., as part of a new brand alignment strategy. The McKinney, Texas-based life insurer and distributor said the name change will become effective on Aug. 8, and its New York Stock Exchange symbol will change from “TMK” to “GL.” In addition to Globe Life, Torchmark owns American Income Life Insurance Company, Family Heritage Life Insurance Company of America, Liberty National Life Insurance Company, and United American Insurance Company. The insurance-issuing subsidiaries will continue to exist as legal entities, but Torchmark said it hopes that having the entities move toward using the Globe Life name...
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Types of Life Insurance Sold by Globe Life Globe Life sells term life, whole life, children’s life insurance and accidental death insurance. In addition, it offers final expense insurance (also called burial insurance ) and mortgage protection insurance. Globe Life does not require medical exams for its life insurance policies. Globe Life’s term life insurance At Globe Life, term life insurance periods typically range from one year to 30 years. The company’s term life insurance policies are available in coverage amounts of $5,000, $10,000, $20,000, $30,000, $50,000, $75,000 and $100,000. In some states, you may not be able to buy more than $50,000 in coverage if you are 60 or older. The...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” of the key life/health subsidiaries of Globe Life Inc. (formerly Torchmark Corporation) (Globe Life) (headquartered in McKinney, TX) [NYSE:GL]. Concurrently, AM Best has downgraded the Long-Term ICR to “bbb+” from “a-” of Globe Life. AM Best also has downgraded the associated Long-Term Issue Credit Ratings (Long-Term IRs) on the debt and indicative Long-Term IRs on the securities of Globe Life Inc. The outlook of these Credit Ratings (ratings) has been revised to stable from negative (See...
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