2007-03-27 16:22:43 · 2 answers · asked by Kevin V 1 in Business & Finance ➔ Other - Business & Finance
I would say it is a reliable company as it has been around
a long time, as far as fulfilling the terms of a given policy
goes. However, as for getting more bang for your bucks,
I would look elsewhere.
2007-03-27 16:30:38 · answer #1 · answered by Northwest Womps 3 · 0⤊ 0⤋
Let me first state that you should only buy insurance to replace income. If the child has an income that is needed for the family to continue to survive, then insurance makes sense. The only other reason that life insurance for children should only be bought is if it would be a big burden for burial expenses if a child dies. In that case, buy only enough insurance to cover the casket, services and burial. Period.
As to the reliability issue... A.M. Best (the insurance reliability rating company) give them a rating of A+ The only rating higher than that is A++.
Globe Life and Accident Insurance Co
(a member of Torchmark Corp)
Address: 204 North Robinson Avenue
Oklahoma City, OK 73102
Phone: 405-270-1400
Fax: 405-270-1496
Web: www.globeontheweb.com
Financial Strength Ratings
Rating: A+ (Superior)
Affiliation Code: g (Group)
Financial Size Category: X ($500 million to $750 million)
Outlook: Stable
Effective Date: June 08, 2006
Latest news story...
Torchmark Corp. (NYSE:TMK) said its fourth-quarter profit rose nearly 13% based on gains from the introduction of a new Medicare Part D product, as well as from revenue gains in its life insurance sales . . . Date: 02/08/07
If I have helped, I'd appreciate your vote.
Mike
2007-03-27 16:53:42 · answer #2 · answered by chimneygod 3 · 0⤊ 0⤋