Tuesday, March 23, 2010

Is Globe Life insurance good for paying out for burial expenses?

My Mom is 76 years old and is concerned that when she passes away there won't be enough money to pay for her funeral expenses and wonders if she signs up for Globe Life Insurance if it would help pay out for her final expenses.

Under Globe Life's guaranteed issue program, your mother may have to live for 2 years before full coverage is provided by the life insurance policy.

Make sure your mom reads the life insurance policy and the small print.

Will Globe Life they pay out a valid claim? Yes.

Will they pay out if mom passes away six months into the life insurance policy? No, but that's not a valid claim. Make sure you review the exclusions and the terms and conditions of the life insurance policy to understand exactly how the life insurance pays out.

Globe Life is currently rated A+ X by AM Best Company, which is an independent financial rating service.

Globe Life and Accident Insurance Company is a solid, financially strong company.

Here's how you can get a quote for Globe Life Insurance and apply online for up to $30,000 of simplified life insurance with no medical exam required for people age 78 and under.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.

AddThis Social Bookmark Button

Disclosure: Compensated Affiliate

No comments:

Post a Comment