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 for her funeral expenses and wonders if she signs up for this company, if it would help pay out for those services. Thanks.
Public Comments
- Well, that's a loaded question. Under their guaranteed issue program, mom can't die for the first two years after she signs up, or they don't have to pay out. Mom needs to read the small print. Will they pay out a valid claim? Yes. Will they pay out if mom kicks off six months into the policy? No, but that's not a valid claim. Globe Life is currently rated A+ X by AM Best. They're a solid, financially strong company.
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