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The GPM Life Story
A Proud Past
In 1934, retired Army Colonel P.J. Hennessey set out to establish a new insurance company. One which would, for the first time, provide life insurance protection to qualified U.S. service-members even if they should die as a result of war. The result, Government Personnel Mutual Life Insurance Company (GPM Life), was unique company specifically designed to serve the needs of military personnel.
In 1938, when Blanche Hennessey was elected GPM Life's President, she became the first woman in U.S. history to head a commercial insurance company.
A Solid Present
The years have since proven the soundness of Colonel Hennessey's idea. The company has survived a depression, major wars, and foreign conflicts to grow and prosper, and now ranks among the strongest, most respected financial institutions in the nation.
With assets over $775 million and over $4 billion of insurance in force, we are proud to boast an A- (Excellent) rating by A.M. Best. Licensed in 49 jurisdictions, we are a mutual company owned by its policyholders. We have always maintained a very sound approach to the secure investment of policyowners funds. Invested assets have consistently produced yields above the industry average.
The Medicare Supplement Market
With baby boomers turning 65 in large numbers every day, GPM Life has developed a broad Medicare Supplement portfolio, which meets the needs of this fast-growing group of Americans. We are extremely proud to offer this product, backed with our tradition of concern for individual needs that inspired our founding. GPM Life Medicare Supplement pledges to keep your rates competitive, offer quick issue service backed by state-of-the-art support.