The Best Global Atlantic Life Insurance Review 2023

Jan 31, 2024 By Susan Kelly

Global Atlantic is a highly regarded provider of life insurance products. The company serves private customers and commercial enterprises by making available a comprehensive selection of these. global atlantic life insurance was initially established in 2004 as a subsidiary of Goldman Sachs. In 2017, the company transitioned from a subsidiary to an independent, publicly traded business. In addition to term life insurance, whole life insurance, and universal life insurance, the company also provides customers with other financial services and products such as annuities, long-term care insurance, and disability insurance. The diverse requirements of Global Atlantic's clientele drive the company's dedication to developing and deliver cutting-edge insurance products of the highest possible standard.

Global Atlantic Life Insurance Overview

global atlantic life insurance company that offers a range of insurance products to individuals and businesses. The company was founded in 2004 as a subsidiary of Goldman Sachs and became an independent, publicly traded company in 2017. Global Atlantic offers a variety of life insurance products, including term life insurance, whole life insurance, and universal life insurance. In addition to life insurance, the company offers other insurance products such as annuities, long-term care, and disability insurance. Global Atlantic is committed to providing its customers with innovative insurance solutions to meet their diverse needs.

History Of Global Atlantic

Global Atlantic was founded in 2004 as a subsidiary of Goldman Sachs. The company was created in response to the growing demand for annuities and life insurance products in the U.S. market. In 2017, Global Atlantic became an independent company, separating from Goldman Sachs and becoming a publicly traded company.

Products Offered By Global Atlantic

Term Life Insurance

One type of life insurance is known as term life insurance, and it is designed to offer protection for a predetermined amount of time, such as 10, 20, or 30 years. The beneficiary is eligible for a death benefit if the policyholder passes away during the policy term. The policyholder is responsible for making regular premium payments. The premiums for term life insurance are typically much lower than those for other life insurance; however, the coverage is only in effect during the term of the policy, and it does not accumulate cash value.

Whole Life Insurance

A form of permanent life insurance known as whole life insurance offers coverage that remains in effect for the entirety of the policyholder's life. Cash value is the name given to the savings component that is included in whole life insurance policies. This component accumulates throughout the policy's life and can either be withdrawn from the policy or borrowed against. The premiums for full life insurance are typically higher than those for term life insurance; however, the coverage and cash value are maintained for as long as the premiums are paid for whole life insurance.

Universal Life Insurance

There is more than one kind of permanent life insurance, and one of those types is universal life insurance. Both of these types of insurance provide coverage for the entirety of the policyholder's life. Universal life insurance, like whole life insurance, includes a cash value component that accumulates over the policy's term. However, universal life insurance provides the policyholder with greater flexibility than full life insurance because the policyholder can modify the premiums and the death benefit according to their specific requirements.

Other Products Offered By Global Atlantic

In addition to life insurance,global atlantic life insurance complaints also offers a range of other insurance products, including:

Annuities

Annuities are financial products that provide a steady stream of income in retirement. Global Atlantic offers several types of annuities, including fixed, indexed, and variable annuities.

Long-Term Care Insurance

Long-term care insurance covers the costs of long-term care services, such as in-home care, assisted living, and nursing home care. Global Atlantic offers both traditional long-term care insurance and hybrid long-term care insurance policies.

Disability Insurance

Disability insurance is a type of insurance that provides income replacement if the policyholder becomes disabled and is unable to work. Global Atlantic offers both short-term and long-term disability insurance.

Conclusion

Global Atlantic is a well-respected life insurance company that offers a variety of coverage options to meet the needs of different policyholders. The company has a solid financial rating, which provides peace of mind for those relying on its policy for financial protection. Additionally, Global Atlantic has a reputation for excellent customer service, an essential factor to consider when choosing a life insurance provider. While every individual's needs are unique, Global Atlantic is a reliable choice for those looking for comprehensive coverage and exceptional service.

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