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Government Personnel Life Insurance Company

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Government Personnel Mutual Life Insurance Company

Overview of VA life insurance and how to apply |

In the 1930s, America was between two major wars. World War I left many families devastated. Retired Army Colonel Peter J. Hennessey recognized that all life insurance policies of the day excluded paying benefits if the insured was killed in an act of war. The families of men that had the forethought to purchase life insurance found themselves without benefits when their loved one was killed in World War I. Colonel Hennessey approached several insurance companies with the idea of eliminating this war exclusion. None agreed. So Hennessey set out to establish a new insurance company, one which would provide life insurance protection should an insured die as a result of war.

In 1934, Government Personnel Mutual Life Insurance Company was established as a unique life insurance company serving the needs of military personnel. In 1938, GPM Life initiated another first in the industry. Colonel Hennessey died unexpectedly and Blanche Hennessey was elected President of the company the first woman in U.S. history to head a commercial insurance company. Over the years we’ve expanded our markets to include Federal employees, individuals, families, and seniors. We offer products and services specifically designed for those markets.

Government Personnel Mutual Life Insurance Company Overview

GOVERNMENT PERSONNEL MUTUAL LIFE INSURANCE COMPANY is connectedwith two companies .This officer is appointed inCompanies were opened in nine years and eleven months and nineteen days range.Most recent company was formed nine years, ago in June of 2012 in San Antonio, Texas.All of the companies are inactive.Check other livingin Texas.

Federal Employees’ Group Life Insurance

As the worlds biggest group life insurance program, Federal Employees’ Group Life Insurance is a type of federal insurance policy created in 1954. It provides group life insurance policies for active and retired government employees and their families. However, because it is a group policy, policies do not accumulate cash value. Employees receive basic coverage with the option to purchase additional optional coverage as needed, and applicable payments are then deducted from your paycheck.

Employees have the option of three plans:

  • Option A-Standard: $10,000 of coverage
  • Option B-Additional: Available in 1, 2, 3, 4, or 5 multiples of the employees annual basic pay
  • Option C-Family: $5,000 insurance coverage for employees spouse and $2,500 per eligible dependent child

FEGLI coverage begins at time of hire and continues until waived. The amount of coverage matches your annual pay, rounded to the nearest $1,000 with a $2,000 bonus. Policyholders are responsible for paying two-thirds of the total premium, with the federal government paying the rest.

GPM Life takes your FEGLI premiums directly from your salary each month, saving you an extra step and an extra bill to pay.

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What Is Simplified Issue Whole Life Insurance

This is a level benefit plan. This means there is no waiting period in which the coverage goes into force. Whether the insured dies two hours or twenty years after approval, GPM Life will pay 100 percent of the death benefit amount.

Of course, you will need to be in good health to qualify for this policy without a significant health issue such as stroke, cancer, or diabetes. GPM offers three ways to pay for this coverage:

  • Lifetime: You pay monthly for as long as you live.
  • 10-pay life: You pay for the coverage for the next 10 years, and after that, the policy is paid up .
  • 20-pay life: You pay for the coverage for the next 20 years to have a paid-up policy.

The right payment plan for you will depend on your personal circumstances.

Plan Highlights

  • 5085
  • 5070
  • Accidental death benefit rider at additional cost
  • Childrens insurance rider at additional cost
  • If possible, its a good idea to buy life insurance when youre still relatively young, as prices tend to be significantly lower.

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    Term Life Insurance Options For Couples


    When considering buying life insurance as a couple, look at what coverage you may already have through your employer or that you may have bought when you were on your own.

    If you decide to purchase insurance, make sure you consider all the options available to you as a couple. Make sure to consider the pros and cons of each.

    Joint first-to-die term insurance

    • Insures two people under one joint policy
    • Pays the death benefit when the first partner dies
    • Gives each partner the same coverage
    • Is usually less expensive than two identical single policies
    • Is sometimes less flexible than single policies if the couple separates or gets divorced
    • Usually can’t be divided
    • Usually pays only one death benefit, so if one partner dies, the other needs to apply for a new policy to continue coverage

    Single term insurance

    • Provides each partner with their own policy
    • Gives each partner their own coverage amount
    • Is usually more expensive in total than a joint first-to-die policy
    • Makes it relatively easy to change the beneficiary, if you separate or divorce

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    Angelus V Government Personnel Life Insurance

    No. 34243.

    APPEAL AND ERROR REVIEW FINDINGS ON WRITTEN RECORD. The supreme court may determine the merits of a question raised on appeal without reference to the findings of fact entered by the trial court where it considered the same written record that was certified to the supreme court in its entirety and did not have the advantage of seeing and listening to witnesses.

    INSURANCE ACTIONS ON POLICIES LIFE INSURANCE EVIDENCE PRIMA FACIE CASE. In an action on a life insurance policy, a prima facie case was established with evidence that the insured died while the policy was in effect and liability follows such showing unless there is an affirmative showing that the death was within an exception contained in the policy.

    SAME EVIDENCE PRESUMPTIONS AND BURDEN OF PROOF SUICIDE. In such an action, suicide was an affirmative defense, and the insurance company must have established by a preponderance of the evidence that the gunshot wound which caused the death of the insured was intentionally self-inflicted.

    SAME MOTIVE. In such an action, the presence or absence of motive for suicide, although not necessarily controlling, is an element to be taken into consideration.

    SAME EVIDENCE SUFFICIENCY. In such an action, held that the insurance company did not establish suicide by a preponderance of the evidence.

    See 37 A.L.R. 171 29 Am. Jur. 1085.

    Niemeier Hamilton, for appellant.

    Geo. W. Young and William J. Powell, for respondent.

    WEAVER, J.

    Navigating The Medicare Maze

    Our Guide to Medicare: Helping You Navigate the Medicare Maze is available. It will provide valuable information as you educate yourself on the ins and outs of Medicare Part A and B, and will help you consider Medicare Supplement insurance to cover the high-cost of medical care. Printable versions of the Turning 65 Checklist and Already 65 Checklist are included in the guide.

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    How To Name A Beneficiary

    It’s important to name a beneficiary for each policy form when you purchase life insurance. If you dont, your insurer will assume by default the beneficiary is your estate.

    You may want to consider naming an alternate or contingent beneficiary. This is the person or persons who will receive the proceeds of the death benefit if your named beneficiary dies either before you or at the same time as you.

    It’s a good idea to review your beneficiary designations from time to time and update them if necessary.

    Anonymous Problems With Product/service Complaint

    Your Federal Insurance Benefits 2017 for Active Employees

    Complaint Type: Status:



    This is a multi-location business.Need to find a different location?

    Location of This Business2211 NE Loop 410, San Antonio, TX 78217-4630

    • Mr. Peter J Hennessey III, President
    • Mr. Alan Ferguson

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    Patricia Staglik V Government Personnel Mutual Life Insurance Company

    Opinion by: Catherine Stone, Justice

    Sitting: Catherine Stone, Justice

    Delivered and Filed: October 8, 2003


    This is an appeal arising from Government Personnel Mutual Life Insurance Company’s denial of Patricia Staglik’s claim for life insurance proceeds following her husband Donald’s death. We affirm the trial court’s judgment.


    When Patricia sought to collect on Donald’s policy, GPM told Patricia she could not collect any death benefits under the policy. GPM cited a provision in Donald’s policy which stated the company was not liable under the policy if Donald committed suicide within two years of obtaining the policy. Following GPM’s denial of her claim, Patricia filed suit against GPM, claiming the company: breached its contract by not paying her death benefits breached its duty of good faith and fair dealing during its investigation of her claim and violated the Texas Deceptive Trade Practices Act and Texas Insurance Code during its investigation of her claim. Patricia predicated all of her allegations against GPM on the fact that the company failed to reasonably investigate her claim.

    Standard of Review

    Catherine Stone, Justice

    1. Patricia does not challenge the jury’s finding regarding her breach of contract cause of action.

    2. Patricia alleges GPM tried to portray her as sloppy, lazy, greedy, and the person who drove Donald to his death.

    Search this Case

    Its All About You We Want To Help You Make The Right Coverage Choices

    Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships dont influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

    Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

    The Government Personnel Mutual Life Insurance Company has been in business for more than 80 years, serving individuals from all walks of life such as federal employees, military personnel, families, and seniors. GPM provides an array of life insurance products, Medicare supplements, and annuities.

    It is a well-known brand for final expense life insurance.

    In this review, I will dive into the details of the business and its materials, rates, and underwriting questions to solve the puzzle: Does GPM Life provide good final expense products?

  • What is the bottom line?
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    Final Expense Life Insurance

    Final expense life insurance allows you to plan ahead, so your family is spared from the added burden of burial expenses at a time when they are already grieving.

    GPM Life sells final expense coverage as traditional whole life insurance policies available to policyholders between the ages of 50 and 85. Policies are sold under the SECURE-Mark products series with three plans that provide level premiums and cash or loan value.

    SECURE-Mark Level: Simplified Issue Whole Life

    GPM Life offers Simplified Issue Whole Life Insurance under its SECURE-Mark Level series. It features a full death benefit of the face amount when the policyholders death meets the specific terms of the policy.

    With the simplified issue whole life policy, eligible policyholders receive their entire death benefit beginning in the first contract year. There is also an optional Accidental Death Benefit that is available until the age of 70 and is available for issue for ages 50 to 60.

    Policyholders have the option of lifetime, 10-year, and 20-year payment options, although the 20 Pay option is only available for policyholders between 50 and 70 years of age.

    Policy coverage depends on your age at the time of issue.

    SECURE-Mark Level SIWL Policy Options

    The Accidental Death Benefit is also available for years one and two.

    Naming Your Estate As The Beneficiary

    GPM Life Insurance Company

    If you name your estate as the beneficiary. The estate will distribute the death benefits according to the terms of your will. The proceeds of the death benefit will become part of your estate and will be subject to estate taxes. If the death benefit is part of your estate, creditors may claim the death benefit to pay for your outstanding debts.

    If you name your estate as your beneficiary:

    • the death benefit will become part of your estate
    • the death benefit will be distributed according to the terms of your will
    • the money will be subject to taxes when your estate is settled

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    Naming A Beneficiary Who Is Under Legal Age

    If the beneficiary you name is under the legal age when you die, you may want to set up a trust and designate a trustee or administrator. This person can hold the proceeds of the death benefit in trust on behalf of the minor.

    If you don’t name a trustee or administrator, the death benefit, plus any interest it earns, will be held in trust by the province or territory. It will be paid out when your beneficiary reaches legal age. Consult with a lawyer or financial advisor for more details.

    What Is Graded Death Benefit Whole Life Insurance

    A graded benefit plan is for those who arent in the best of health. For instance, if you had a heart attack in the past two years, you may qualify for the graded and not the level benefit plan.

    If you die during the first two years after buying the policy, not accident related, GPM Life will pay 30% of the death benefit in the first year, 70% during the second year, and only in year three will your beneficiaries be eligible for 100% of the death benefit amount.

    In other words, if you bought $10,000 in coverage and passed away during the first year, your beneficiaries will collect $3,000, $7,000 if you passed away during the second year, and at year three onward, $10,000.

    Plan Highlights

    • 5080: $3,000$25,000
    • 8185: $3,000$10,000

    You would be surprised to know how many individuals acquire a graded benefit policy and dont know what they got. Make sure to look at your plan closely before signing up.

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    What Is Government Personnel Life Insurance Company

    A companys history is a great way to start a review because looking at ones past can foretell the future. Length of time in business, challenges, and triumphs are part of many successful companies and individuals. I think GPM Lifes story is a fascinating one.

    In the 1930s, the U.S. was between two world wars. At the end of WWI, Colonel Peter J. Hennessey recognized that all insurance carriers have a provision that excludes them from paying a death benefit if the insured died from an act of war. He tried proposing many insurers eliminate this exclusion, but none agreed. He set out and established his own life insurance company to protect the families should their loved ones die as a result of a war.

    In 1934, GPM Life was a unique first company to serve military personnel and their families. In 1938, Colonel Hennessey passed away unexpectedly, and Blanche Hennessey was chosen President of the company, the first woman in U.S. history to become a leader of an insurance company.

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    Government Personnel Mutual Life Insurance Company Q& a

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    What Is Modified Benefit Whole Life Insurance

    A modified benefit plan is for those with even more health issues or challenges. However, it would be best if you kept in mind that insurance companies arent reckless. Meaning, it comes at an elevated cost and even lower payout than the graded plan should you pass away during the first two years of owning the policy.

    If you die during the first two years, GPM Life will pay a benefit equal to all premiums paid plus 10% interest. Only in year three onward will your beneficiaries be eligible for 100% of the death benefit amount.

    This alternative should be your last resort after you have exhausted all other possibilities.

    • Issue ages: 5085
    • Issue amounts: $3,000$10,000

    You also may consider guaranteed issue life insurance which has no health questions on the application and provides the same death benefit as the modified plan does.

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