GTL is Discontinuing Their Term Products

[Mark]

[FONT=arial black,avant garde]ATTENTION ALL AGENTS[/FONT]​

Please be advised, Guarantee Trust Life Insurance Company (GTL) is discontinuing the national offering of the Home Alliance (Term Life) product. GTL will not accept new applications for coverage with an application date of June 29, 2012 or later. New applications for coverage must be received by GTL by the close of business on July 2, 2012.

We apologize for any inconvenience this may cause. If you have any questions please contact our Sales Support at (800) 323-6907 or by e-mail at [email protected]​

 

[HealthGuy]

Why did they do this?

 

[NCAgent]

Nice amount of notice that they gave, too.

At least with Fidelity they gave a little bit of time to finish up some prospects.

 

[Mark]

They didnt even tell the IMO's ahead of time.

I wonder if it has to do something with Obama Care and maybe they want to get more into the Health Side of the business.

 

[HealthGuy]

Doubt it...Gtl just sent.out a memo stating they were against Obamacare. This companies got balls.

 

[rousemark]

This sounds like the GTL of old.. They had some decent products and then started dropping them until they had almost nothing to offer.

 

[Mattschmidt]

the evolution of insurance companies....they come and go

 

[Mark]

Companies are not getting the kind of interest rates they use to. You will see more and more companies either raising the prices or pulling the product.