MCKINNEY, Texas, June 15, 2021 /PRESSDAILY.COM/ — Globe Life Inc. (NYSE: GL) will redeem all of its outstanding 6.125% Junior Subordinated Debentures due 2056 on July 15, 2021. There are $300,000,000 principal amount of the debentures currently outstanding. The redemption price will be the liquidation amount of $25.00 per debenture, plus accrued and unpaid interest to the redemption date of $0.127604167 per debenture, for a total payment of $25.127604167 per debenture. Because all the debentures are held through the Book-Entry Only Issuance System at The Depository Trust Company (DTC), holders are notified by DTC.

Globe Life Inc. is a holding company specializing in life and supplemental health insurance for “middle income” Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. 

SOURCE Globe Life Inc.

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Generosa Delgado has been a health writer for Press Daily since 2018. Previously, she was a health and medical writer for The Los Angeles Times. Generosa has experience working as a freelance journalist since 2016, and before that as a staff writer for Health Magazine.