Gleaner Life Insurance Society is a company that has, since 1894, offered its clients financial advising and planning through the use of life insurance, annuities, IRAs, and other benefits. As a fraternal
beneficiary society, Gleaner Life has been owned and governed by its members who are dedicated to making a difference for individuals and the communities in which they live and serve. Products offerings include:
1) Term Life Insurance: Under term life Insurance, coverage is offered for a specified period of time. In the event of death, the beneficiaries will receive the stated benefit payment.
2) Universal Life Insurance: ULI pays a
death benefit to the named beneficiary and provides premium and face amount flexibility. It also provides market rates of interest on a customer's cash value account and tax deferred accumulation.
3) Whole Life: Whole life insurance is the most common type of permanent insurance. The policy provides a guaranteed death benefit along with guaranteed cash values. Part of each premium payment is applied to the policy's cash value account, which grows on a tax-deferred basis.
4) Variable Universal Life Insurance: VULI pays a death benefit to the named beneficiary and provides premium and face amount flexibility while giving the client more control of the tax-deferred cash value account. Customers direct the investment of the cash value account in investments such as money market, stock, and
bond funds.
5) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the
insurance company.
6) Retirement: Traditional IRA,
Roth IRA, SEP IRA, and 401(k) plans are offered.
| Gleaner Life Product Reviews |
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| General Information |
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| Website | http://www.gleanerlife.org |
| Type | Insurance Company |
| Founded | 1894 |
| Ownership | |
| Country | USA |
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