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With a market cap of $12.8 billion, Globe Life Inc. (GL) provides life and supplemental health insurance products primarily to lower middle- and middle-income families. The company operates through three main segments: Life Insurance, Supplemental Health Insurance, and Investments.
Companies valued more than $10 billion are generally classified as “mid-cap” stocks, and Globe Life fits this criterion perfectly. Its offerings include whole and term life policies, Medicare supplements, and various limited-benefit health products such as accident, cancer, and critical illness coverage.
