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Globe Life – Selling Cancer

Author: Published on: Published in: Globe Life NYSE:GL

May 1, 2024 – In 1980 the Select Committee on Aging conducted an investigation into “Dread Disease Insurance” and the questionable practices in the sale of health insurance to the elderly, which began in 1978.
The committee found that “policies were sold with the rationale that they would pay everything Medicare wouldn’t – a blatant misrepresentation. Even worse, the policies generally contain a clause which says that in case of duplication, only one policy will pay”. Of course, the market conduct examination included American Income Life Insurance Co.

This report serves as a teaser while we continue untangling fraud at Globe Life.

More to come…

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