I could not find any indication that Globe Life is associated with CMFG, but called Globe Life to confirm. Their representative said that if your policy is with Globe Life, your statement should say Globe Life.
It may be that you have a policy with "globe" in the product title, or got your policy through Global Credit Union?
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
I do not know, however, companies occasionally voluntarily sell “blocks” of business to other companies. That could be the reason. CUNA Mutual Life insurance company might have bought some policies from Globe. Another possibility is that your state insurance commissioner could have directed the sale of some or all of the Globe business in your state for one of several reasons. It would be good for you to determine who is actually responsible to pay the death benefit. Your agent should be able to help you but a call to the help desk at either life insurance company should resolve the issue.
That is a great question! Globe Life is a subsidiary of Torchmark, A Fortune 500 financial services company. they were originally Liberty National Insurance company until 1980 when they acquired Globe Life, and formed the torchmark holding company. My best guess would be that they have a portion of that company that handles their banking, that most likely goes through CUNA, (Credit Union National Association), the marketing group for your mysterious CMFG (CUNA became CMFG in 2012). Or CMFG bought a part of Globe's life business, which is a fairly common practice - The big financial companies buy/sell blocks of mortgages and other investments that may include life insurance policies in order to earn more money themselves. It may be that the CMFG people (who sell services to credit unions and consumers) bought a chunk of Globes business, with yours in it.
I'd call Globe, or drop them an email to their customer service people and ask them why, and make sure you know who owns your policy, so you know who to contact/collect from. It can be very confusing when high finance starts swapping assets, and we little folk try to keep track...I had a mortgage that was sold 4 times that I know of! Good luck, I wouldn't worry too much, just be sure. Thanks for asking!
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It may be that you have a policy with "globe" in the product title, or got your policy through Global Credit Union?
I'd call Globe, or drop them an email to their customer service people and ask them why, and make sure you know who owns your policy, so you know who to contact/collect from. It can be very confusing when high finance starts swapping assets, and we little folk try to keep track...I had a mortgage that was sold 4 times that I know of! Good luck, I wouldn't worry too much, just be sure. Thanks for asking!