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
What is a fraternal benefit society?
Fraternal benefit societies are tax exempt membership organizations that offer life insurance and other financial products to their members. All fraternal benefit societies must comply with state and federal regulations with regard to their financial services, and must be licensed by the insurance department of the state or states in which they operate. Benefit society members are united by a common bond that demonstrates the membership's support and commitment to the organization’s principles and values. Read more about Gleaner's Common Bond.
What unites Gleaner members?
Gleaner Life Insurance Society was founded in 1894 on the principles of Benevolence, Protection and Fraternity. The values of hard work, steadfast loyalty and a cooperative spirit have their roots in the agricultural heritage of the Society. These values continue with the Society and its members today. See What Makes Gleaner Different for more information on the Common Bond that unites all Gleaner members.
In which states does Gleaner Life Insurance Society sell its products?
Gleaner Life Insurance Society is currently licensed to sell life insurance and annuity products in AZ, FL, IA, IL, IN, KS, KY, MI, MO, NE, OH, PA, TN, VA, WI & WV.
In which states does Gleaner Life Insurance Society service its members?
Once you purchase a life insurance or annuity product in any of our 16 states, Gleaner will continue to service your accounts, regardless of where you live. Currently, Gleaner Life Insurance Society serves certificate holders in all 50 states and Canada.
How do I become a Gleaner member?
Individuals wishing to become members of the Society must apply for membership, by completing the Application for Membership, confirm their common bond and desire to become a part of the community of Society members and purchase life insurance or an annuity. Credentials are reviewed and a request for admission is submitted to the local arbor. Those who are approved for membership are admitted into a local arbor in accordance with the laws of the Society.
By completing the Application for Membership, you certify that you are applying for membership in Gleaner Life Insurance Society and understand and support the principles of benevolence, protection and fraternity that have been the foundation of Gleaner Life Insurance Society since its formation in 1894. Upon completion of the application, you are eligible for full member benefits through the Society. The Application for Membership is available through your Gleaner agent.
How do I contact my Gleaner agent?
To find your local Gleaner agent, contact our Distribution Department at 800.992.1894.
What is an Arbor?
An arbor is what we call our local service clubs. Every arbor is organized and operated by Gleaner members. Gleaner supports the arbors with matching funds and donations to charities of their choice. You are automatically eligible to participate in your local arbor as a Gleaner member. Learn more about Gleaner arbors.
How do I find my local Arbor?
To see if there is an active arbor in your area, simply enter your zip code on our Find an Arbor page, or contact the Home Office. If there is not an active arbor in your area, you are invited to start one! Simply fill out the interest form to get started.
What are the benefits of a Gleaner membership?
As a fraternal benefit society, we are in a position to give exclusive benefits to our certificate members. For a complete list of our complimentary and premium benefits for both types of memberships, visit our Benefits page.
How much life insurance do I need?
Each person has individual needs when it comes to life insurance needs. The best way to determine the amount of life insurance you need is by contacting your Gleaner agent. If you don’t have a Gleaner agent, find one who can review your current situation and help you determine how much insurance coverage is right for you.
How do I determine which insurance product is right for me?
The type of life insurance coverage you need is determined by several factors like age, family responsibility, debt load and your individual financial goals. Contact your Gleaner agent who can help you determine which coverage is best for you. If you don’t have a Gleaner agent, find an agent who can help. In addition, you may find our Solutions for Life section helpful to get started.
How do I change my address?
You may contact us at the Home Office or inform your Gleaner Agent. You may also submit your change of address online by signing into your member account.
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 send a confirmation letter with your new beneficiary listing once completed.
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 Authorization form. This form can also be used to notify us of any changes regarding your banking information in the future.
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.
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.
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 (if premiums are made as scheduled). 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 life coverage. Term life provides coverage for limited amounts of time and is most suitable for temporary needs like college planning, mortgage insurance. This is typically the least expensive type of coverage.
Review our Solutions for Life to see which type of coverage might be right for you, or contact your Gleaner agent for a complete review of our products.
How do I purchase a Gleaner annuity
Purchasing an annuity is easy as you work your Gleaner agent. If you don’t already have a Gleaner agent, find one near you today to learn about your options and help you decide which financial product best meets your needs. You may become a member and purchase a Gleaner annuity by completing an Application for Membership and Annuity Certificate with the help of your agent. This will entitle you to a wide array of benefits.
How do I set up a monthly income from my annuity?
Monthly withdrawals are allowed on our annuities. You may withdraw your interest each month, but it must be a minimum of $100 monthly. You may also withdraw your annual 10% and spread it out over 12 equal monthly payments. You may request these automatic withdrawals on a Gleaner Request for Service form.
How do I start mandatory IRA distributions at age 70½?
Once you reach the age of 70½, the IRS requires you to withdraw a minimum amount of money from your retirement accounts each year. This is called a required minimum distribution (RMD). You are required to take an RMD from any IRA, TSA/403(b), or 401(k) plan. Roth IRAs are the exception and do not require an RMD. Gleaner is able to set up automatic distributions so that you don’t have to remember to request your RMD every year. Once members reach age 70½, Gleaner will notify all members by mailing them letters and an RFS form.
What settlement options are available for my Gleaner annuity?
After your Gleaner annuity has been in force for one year, you may request a monthly payout from your annuity. Settlement options include fixed period, fixed amount, life only, life and period certain, and joint income. When the time comes to convert your savings to a reliable income stream, your Gleaner agent can help you decide which option best fits your needs.
What happens to my annuity 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 your beneficiary the full value of your annuity. Because annuity money is paid directly to your beneficiary, the costs, delays and publicity of probate are avoided.
What is a surrender charge?
A surrender charge is a fee levied on a certificate holder (policyholder) upon cancellation of his/her annuity certificate prior to the completion of the surrender charge period. The length of the surrender charge period is described within the annuity certificate. Surrender charges may also apply to universal life products. Contact your Gleaner agent or the Home Office for more information.