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What are some benefits of Guarantee Trust Life Insurance Co.?

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Quick Answer

Guarantee Trust Life Insurance Company offers a variety of insurance policy plans including life, health, accidental death and dismemberment, hospital indemnity and student insurance for grades kindergarten through 12th. The specific benefits available vary according to the terms of the insurance contract and laws of the state in which it was written, according to the company. Customers can access their accounts to review benefits, pay bills or file claims online at Gtlic.com.

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Full Answer

Guarantee Trust is a private mutual reserve company based in Glenview, Illinois, that also offers coverage for nursing homes, community colleges and universities, clubs, special events and athletic camps, according to Bloomberg. The company was rated B++ for financial strength and bbb for issuer credit by A.M. Best in 2015, according to Yahoo Finance. Guarantee Trust operates subsidiaries including Cornerstone Senior Services and VantageAmerica Solutions and is licensed to operate in 49 states and the District of Columbia, according to Hoovers.

In 2014, the company was a defendant in Michael D. Casper v. Guarantee Trust Life Insurance, a lawsuit filed by a cancer patient for failure to pay benefits on an insurance policy he had purchased from a door-to-door salesperson. The jury ruled in favor of the defendant, who died days after the verdict, and awarded him a total of $4,800,000, according to Lexis-Nexis.

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