Who We Serve
ACTIVE DUTY MILITARY
The Military Market has been a key market for GPM Life since our founding in 1934. We have been and will continue to be a "Military First" company.
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 Service Members, and the 1.9 million retirees, and it is clear that this is a formidable market.
The needs for Life Insurance products by Military members and their families include the providing of cash and income at the death of an insured, cash accumulation for retirement and other cash objectives. Four specific areas are unique in the Military market and require special attention:
- Life Insurance alternative for SGLI term coverage at separation from the Military;
- Life Insurance coverage for the Service member's family, including spouse and child(ren);
- Life Insurance alternatives for the Military Survivor Benefit Plan (SBP) providing survivor income to spouses of Military retirees.
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 has historically comprised a significant percentage of our total annual production, we believe this market will continue to be an integral part of GPM Life's long-term marketing strategy.