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Governmental Personnel Mutual Life Insurance
About the Company
Governmental Personnel Mutual Life Insurance Company (GPM) was founded during the heart of The Great Depression in 1934. GPM was the first company to offer family protection to qualified United States Military Service members in the time of peace without a war clause in their policies. GPM has survived three wars with that policy in place.
GPM serves over 70,000 Military Service members, Federal Civil Service Government Employees, and people in the general Civilian population.
GPM's mission statement is as follows: GPM Life, a company owned by and operated for the benefit of its policyholders, is dedicated to helping people solve those financial problems arising from the uncertainties of life by providing quality products, prompt and understanding service, and sound company growth with adequate margins for safety.
Term Life Insurance Products
GPM's term life insurance policy is described below:
MARK Term Life
- Plans are available for ten, fifteen, twenty, and thirty year term periods.
- Offers level death benefits payable through age 95.
- Offers Preferred Plus, Preferred, and Standard rates for non-tobacco users. Preferred and standard rates are available for tobacco users.
- The policy offers a waiver of premium benefit, which allows policy holders to keep their insurance but temporarily cease making premium payments if he/she is ill or injured.
- MARK also offers a conversion extension option, children's insurance benefit, and a caring for today benefit.
- Face amounts are as low as $50,000.
In addition to offering a Term Life product, GPM offers UNI-Mark, Par Life, Whole Life, and Fixed Annuities.
Government Personnel Mutual Financial Ratings
A.M. Best: A- (Excellent)
Weiss Research, Inc: B (Good)
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