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Globe Life (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products.
In 2019, Globe Life Insurance Company of New York was fined by the Department of Financial Services in the state of New York for improperly denying benefits to policyholders. This was under Liverpool life insurance which was a brand of Torchmark Corporation which was a subsidiary and the previous name of Globe Life. [ 5 ]
Under Richey’s leadership, Torchmark successfully integrated several of the companies it had spent more than half a billion dollars to acquire during a buying spree in the late 1970s and early 1980s. These acquisitions included Globe Life And Accident Insurance Company, Continental Investment Corporation, and United American Insurance Company.
Globe Life, based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A (Excellent) Financial Strength Rating as of June 2020. [2] Globe Life and Accident Insurance Company has executive offices in Oklahoma City and McKinney, TX and is a subsidiary of Globe Life .
A tax-free exchange, formally called a 1035 exchange, allows you to get rid of one life insurance policy and replace it with a new one without paying taxes. With a tax-free exchange, you surrender ...
National Income Life Insurance Company (NILICO) is an American insurance company providing supplemental life insurance to members of labor unions, credit unions, and associations. The company is based in Rochester, New York and is a subsidiary of American Income Life Insurance Company which is a subsidiary of Globe Life .
AIL also has two wholly owned subsidiaries: National Income Life Insurance Company, licensed in the state of New York, and Union Heritage Life Assurance Company Limited, licensed in the Republic of Ireland. As of 2013, AIL had more than two million policyholders and was a wholly owned subsidiary of Globe Life, based in McKinney, Texas.
Globe Life Liberty National Division (formerly Liberty National Life Insurance) is an American insurance company that is a provider of life and supplemental health insurance. It provides individual coverage through home and workplace sales. The company is headquartered McKinney, Texas and is licensed in 49 states and is a subsidiary of Globe Life.
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