The Bear Cave, in a new report, says it has uncovered numerous allegations of fraudulent policies and practices by Globe Life including consumers that were issued unwanted insurance policies after only seeking insurance quotes, claims from Globe Life of being unable to locate policies that it collects premiums on, and improperly delayed or denied insurance payouts, which are sometimes only resolved after regulatory inquires. According to the firm, one former Globe Life employee even complained to regulators after Globe Life was unable to locate his own personal insurance policy. The Bear Cave believes Globe Life is “morally bankrupt” and “financially uninvestable.”
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