Are you looking for a reputable and trustworthy insurance company that offers a variety of health, accident, life and special risk insurance programs?
If so, you might want to consider the Company a legal mutual reserve company that is based in Glenview, Illinois.
In this article, we will provide you with all the information you need to know about this company, such as its history, products, benefits, quotes, claims, and ratings. Let’s get started!
What kind of insurance is guarantee trust life?
Guarantee Trust Life Insurance Company, or GTL, is a legal mutual reserve company that provides a portfolio of competitive health, accident, life and special risk insurance programs.
A legal mutual reserve company is a type of insurance company that is owned by its policyholders and operates on a non-profit basis.
This means that the company does not have shareholders or investors who expect dividends or profits.
Instead, the company uses its surplus funds to provide benefits and services to its policyholders, such as lower premiums, higher dividends, or improved coverages.
Who is the CEO of Guarantee Trust Life Insurance Company?
The CEO of Guarantee Trust Life Insurance Company is Richard S. Holson III, who is also the Chairman and President of the company.
He is the third generation of the Holson family to lead the company, which was founded by his grandfather, Richard S. Holson, in 1936.
Richard S. Holson III has been with the company since 1978 and has held various positions, such as Vice President, Executive Vice President, and Chief Operating Officer, before becoming the CEO in 2008.
He participates in various industry and community organizations, such as the American Council of Life Insurers, the Illinois Life Insurance Council, and the Glenview Chamber of Commerce.
Guarantee Trust Life Insurance Company, Illinois contact
| Information | Value |
|---|---|
| Phone Number | (800) 338-7452 |
| Address | Guarantee Trust Life Insurance Company, 1275 Milwaukee Ave, Glenview, IL, 60025 |
| Customer Service contact | You can contact the customer service by phone at (800) 338-7452, by email at info@gtlic.com, or by fax at (847) 298-1215. |
| Policy details | the Company offers a variety of health, accident, life and special risk insurance products for individuals and groups, such as term life, whole life, universal life, final expense, critical illness, cancer, accident, disability, dental, vision, and Medicare supplement. |
| Email address | info@gtlic.com |
| Fax number | (847) 298-1215 |
| Operating hours | the Companies customer service is available Monday through Friday from 8:00 AM to 5:00 PM Central Time. |
What types of life insurance does Guarantee Trust Life Insurance Company, Illinois offer?
Guarantee Trust Life Insurance Company, Illinois offers a variety of life insurance products for individuals and groups, such as:
- Term life insurance: This is a type of life insurance that provides coverage for a specified period of time, such as 10, 15, 20, or 30 years. It is usually the most affordable and simplest form of life insurance, as it only pays a death benefit if the insured dies within the term. It does not have any cash value or investment component.
- Whole life insurance: This is a type of life insurance that provides coverage for the entire life of the insured, as long as the premiums are paid. It also has a cash value component that accumulates over time and can be accessed through loans or withdrawals. It usually has higher premiums and lower death benefits than term life insurance, but it offers more stability and security.
- Universal life insurance: This is a type of life insurance that provides flexible coverage and premium options. It allows the policyholder to adjust the amount and frequency of the premium payments, as well as the death benefit, within certain limits. It also has a cash value component that earns interest at a variable rate. It offers more flexibility and control than whole life insurance, but it also involves more risk and responsibility.
- Final expense insurance: This is a type of life insurance that provides coverage for the funeral and burial expenses of the insured. It is usually a small and simple policy that does not require a medical exam or extensive underwriting. It can help ease the financial burden and stress of the surviving family members.
What are the benefits of being a policyholder of Guarantee Trust Life Insurance Company, Illinois?
There are many benefits of being a policyholder of Guarantee Trust Life Insurance Company, Illinois, such as:
- Financial stability: The Company is a non-profit company owned by its policyholders. It uses its extra funds to benefit its policyholders and has an A- (Excellent) rating from A.M. Best.
- Customer service: It provides excellent customer service and support online, by phone, email, or fax, and 24/7 emergency assistance.
- Product diversity: The Company provides various health, accident, life and special risk insurance products and solutions for individuals and groups.
- Community involvement: Guarantee Trust Life Insurance Company, Illinois and its parent company GTL support the communities and businesses they serve through philanthropy and charity.
How to get a quote from Guarantee Trust Life Insurance Company, Illinois
If you are interested in getting a quote from Guarantee Trust Life Insurance Company, Illinois, you can do so in several ways:
- Online: You can visit the company’s website and fill out an online form with some basic information about yourself, your coverage needs, and your preferred contact method. You will receive a quote within minutes.
- Phone: You can call the company’s toll-free number at (800) 338-7452 and speak to a licensed and friendly representative who will help you get a quote.
- Email: You can email the company at info@gtlic.com and provide some basic information about yourself, your coverage needs, and your preferred contact method. You will receive a quote within 24 hours.
- Fax: You can fax the company at (847) 298-1215 and provide some basic information about yourself, your coverage needs, and your preferred contact method. You will receive a quote within 24 hours.
Guarantee Trust Life Insurance Company, Illinois claim
If you are a policyholder of Guarantee Trust Life Insurance Company, Illinois and you need to report a claim, you can do so in several ways:
- Online: You can log in to your account on the company’s website and submit your claim information online. You will need to provide your policy number, contact information, and details of the loss.
- Phone: You can call the company’s toll-free number at (800) 338-7452 and report your claim to a claims representative who will assist you with your claim.
- Email: You can email the company at claims@gtlic.com and provide your policy number, contact information, and details of the loss.
- Fax: You can fax the company at (847) 481-2893 and provide your policy number, contact information, and details of the loss.
Guarantee Trust Life Insurance Company, Illinois financial strength rating
A.M. Best has rated Guarantee Trust Life Insurance Company, Illinois A- (Excellent) for its strong financial position.
Best for its ability to meet its ongoing insurance obligations.
This rating indicates that the company has a strong ability to pay claims and provide benefits to its policyholders.
The rating also reflects the company’s solid capitalization, profitable operating performance, diversified product portfolio, and efficient business mode.
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