Life insurance is a pivotal security element that has grown to garner great importance among citizens. There is a rise in the number of individuals who are evaluating the need for insurance and the benefits associated with the same. However, life insurance can often be a subject of procrastination. The reason for such procrastination can be attributed to lack of surety, inability to afford premiums, and some people may just be afraid to dwell on the matter. However, the life insurance is imperative and can be beneficial in more ways than one.
Globe Life Insurance has been one of the most reputable insurance carriers in the marketplace. The company boasts of strong credentials and commits to excellence. It also has a robust financial presence, making it an admirable choice for your insurance needs. Here are 4 notable products offered by the giant company.
Life insurance for adults
The term life insurance for adults comprises a pure death benefit protection of the policyholder. The policy is offered at an affordable premium price, making it a favorable deal. What is even more amusing is that the first month’s premium cost is only $1, and the premium for the following months is decided on the basis of the age of the policyholder. The process of acquiring the policy is convenient and is sold after the buyer undergoes a few medical tests. A major advantage is that the policy employs a 30-day return benefit.
Mortgage protection insurance
In the recent times, an inflatable number of individuals have begun to purchase life insurance to pay off debts such as a mortgage. Thus, Globe Life Insurance offers mortgage protection insurance to serve this growing demand. The policy works in a way such that if due to an accident, the policyholder is not able to undertake the due payment of the mortgage, then the accidental coverage can be a great aid.
Life Insurance for children
Commonly, people do not consider purchasing life insurance for children. However, it can prove to be a valuable financial gift to your little ones. Globe Life Insurance provides plans for kids in the form of The Young American Plan. The plan allows for cash build up within the policy on a tax-deferred basis. Just as the life insurance for adults, Globe life Insurance offers a 30-day money back guarantee with The Young American Plan too.
Accidental death coverage
The accidental death coverage is an add-on offering that policyholders can avail to increase the coverage in case of an accident. This type of Global Life Insurance is offered to anyone in the age group of 18 to 69 years. The policy offers up to $250, 000 of added protection, with a guarantee that the premium will stay consistent.