Globe Life Inc., headquartered in McKinney, Texas, has announced the closure of an investigation conducted by the U.S. Attorney's Office for the Western District of Pennsylvania. The investigation focused on sales practices by certain independent sales agents contracted to sell policies for American Income Life (AIL), a subsidiary of Globe Life. The company had responded to subpoenas requesting documents related to these practices. The closure of the investigation indicates that the Department of Justice will not be pursuing any enforcement action against Globe Life or AIL, bringing a resolution to the regulatory issue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.