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Is Global Life term insurance? If so to what age or for how many years? I client was asking me today she took it out but couldn't find her policy. She said she would replace it if it is term.
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Globe Life is a division of American Income Life. It was designed for people who didn't want to deal with a sales person. It's been a while since I worked for AIL, but it seems like my District Manager told me 90% of the policies were juvenile policies. When they hit 18, they had to convert the policy. AIL agents did a lot of visits to these policyholders to service them and do the conversion.
Like I said, long time (6 years I think) since I worked at AIL, so things may have changed. Like someone else said, the premium is pretty easy to beat. One of the longtime AIL agents told me that at one time Globe advertised it was PERMANENT insurance that cost only $1 per unit...but their unit was $100!
I beg to differ with you. Globe and American Income are wholly owned subsuidiaries of Torchmark! "Nuff said.
Uhhhh...doesn't that pretty much sum up the whole Torchmark thang? I just saw a news article that rated them one of the worst Insurance Group in America.I worked for Globe a few years back selling the Federal market. The manager was a scam artist.