Torchmark Life Insurance Company
A Specialist in Insurance for the Middle Class
Torchmark is a global diversified financial holding company. Its subsidiaries are major insurance companies. They include American Income Life Insurance Company, Globe Life and Accident Insurance Company, Liberty National Life, United American, and United Investors Life. Torchmark’s total assets are $14.6 billion, with $1.5 billion life insurance in force. The goal of this company is to provide life and supplemental health insurance to the middle-income market.
Most of the life insurance products they sell are term insurance, simple whole life insurance, or simple death benefit insurance, which do not contain additional savings. Consequently, their products are not dependent on the whims of the market, and do produce very predictable profits. They realize that the policies they sell may be the only insurance their customers may ever own.
Life Insurance Products offered by the Torchmark subsidiaries
- Supplemental life insurance, including simple whole and term life
- Supplemental health insurance
- Supplemental accident insurance
Special features of Torchmark insurance
- The first month’s premium for any of the plans is $1. After that initial payment, the premium is based on your age.
- Coverage begins as soon as your policy is approved.
- Coverage is guaranteed for the life of your plan, as long as you pay the premium. It will never be cancelled because of your health or occupation.
- Medical exams are not necessary. Your answers to a health questionnaire are all that is necessary to enroll.
- The death benefit coverage is level for the length of the term.
- There is a 30-day, money-back guarantee.
This company intends to continue to build on their strong niche marketing, but to develop and use modern methods of reaching those customers. They have also focused on streamlining administrative functions, to become even more profitable.
Financial ratings for Torchmark
A.M. Best: A+
Fitch: A+
Standard and Poor’s: AA
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Torchmark Company Information
2001 Third Avenue South
Birmingham, AL 35233
* Life-Insurance-Info.us is not a life insurance broker or carrier, and cannot issue life insurance policies. We are not associated with the company or companies profiled on this page and Life-Insurance-Info.us make no representation, express or implied, that you will receive a quote from the company profiled herein. This site provides free information on insurance providers and coverage options. Products and policies may not be available in all states, and product information is subject to change without notice. Please contact the insurance company directly to answer your policy inquiries.
|
