Life Insurance - Frequently Asked Questions
Like most people, you may have some questions about life insurance. If after reviewing these frequently asked questions you still need more info, please
contact us and we will follow up with you shortly. We also recommend that you consult a tax professional regarding your specific situation.
Life Insurance Questions
How much life insurance do I need?
How do I determine which insurance product is right for me?
How do I change my address?
How do I change my beneficiary?
Can I set up automatic premium payments?
Can I pay my premiums online?
What happens to my life insurance certificate upon my death?
What is the difference between universal, whole, and term life insurance?
Where is Gleaner Life Insurance Society located?
The Gleaner Life Insurance Society Home Office is headquartered in Adrian, Michigan. Our address is:
Gleaner Life Insurance Society
5200 West U.S. Hwy. 223
P.O. Box 1894
Adrian, Michigan 49221-7894
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How much life insurance do I need?
You may request an appointment with a local Gleaner representative. Your representative will review your current situation and help you determine how much insurance coverage is right for you. You may also use our calculator to estimate your life insurance need.
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How do I determine which insurance product is right for me?
You may request an appointment with a local Gleaner representative. There are many options and your representative will be happy to review them with you. In addition, you may find our Life Insurance Product Comparison Chart helpful.
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How do I change my address?
You may contact us at the Home Office or inform your Gleaner Representative. You may also change your address online.
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How do I change my beneficiary?
The certificate owner must request the change in writing on a Change of Beneficiary Form. The change will become effective when a properly completed form is received at the Gleaner Home Office. We will sign it and a copy with all signatures is returned for you to keep with your files.
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Can I set up automatic premium payments?
Yes! You may set up automatic monthly premium payments from your bank account. The certificate owner must submit a completed PAC Authorization form along with a voided check to Home Office. This form can also be used to notify us of any changes regarding your banking information in the future.
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Can I pay my premiums online?
We do not offer an online premium payment option at this time, however you may set up automatic payments to be debited from your bank account.
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What happens to my life insurance certificate upon my death?
Your beneficiary should contact us immediately to notify us of your death. We will assist your beneficiary in completing the necessary death claim forms. Upon satisfactory receipt of proof of death, we will pay the insurance proceeds due to your beneficiary. Your beneficiary may also file a death claim online.
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What is the difference between universal, whole, and term life insurance?
Universal and whole life insurance are both types of permanent insurance, meaning that they are in effect until you die. The main difference is that universal coverage is more flexible in how you choose to pay your premiums, while a cash value is guaranteed with whole coverage. Term life is for limited amounts of time and is most suitable for temporary needs like college planning, mortgage insurance or as your first, least expensive coverage.
Review our Life Insurance Quick Glance Guide to see which type of coverage might be right for you [link to Life product comparisons worksheet], or contact your Gleaner representative for a complete review of our products.
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