The Military Market has been a key target market for GPM Life since our founding in 1934. We were a "Military First" company from the beginning.
There are over 1.4 million Army, Navy, Marine Corps, Air Force and Coast Guard members in the uniformed armed forces worldwide. Add to that the 2 million spouses and children of the Servicemembers, and 1.9 million retirees, and it is clear that this is a formidable market.
The needs for Life Insurance and Annuity products by Military members and their families include the providing of cash and income at the death of an insured, and cash accumulation for retirement and other cash objectives. Four specific areas are unique in the Military market and require special attention:
- Life Insurance alternatives for group term coverage,
particularly at separation from the Military;
- Life Insurance coverage for the Servicemember's family…spouse and child(ren);
- Life Insurance alternatives for the Military Survivor Benefit Plan (SBP) providing
survivor income to spouses of Military retirees.
- Thrift Savings Plan (TSP)
GPM Life is a pioneer in the Military market; in fact, GPM Life initiated congressional approval to allow Life Insurance premiums to be paid by Military allotment. GPM Life's expert customer service personnel and extensive allotment administration experience enables us to "Service What We Sell" according to a high standard of quality.
Because Military business historically comprises approximately 20% of our total annual production, we continue to believe this market will be an integral part of GPM Life's long-term marketing strategy.
Active GPM Life agents may order a presentation on Your Military Benefits from GPM Life.