Globe Life Updates Executive Retirement Plan With New Early Retirement Factors

Reuters11-07

Globe Life Updates Executive Retirement Plan With New Early Retirement Factors

Globe Life Inc. has amended its Supplemental Executive Retirement Plan (SERP), revising the early retirement reduction factors for participants who retire before age 65. Under the new structure, the benefit payable starts at 50% at age 55 and increases incrementally to 100% at age 65. The amendment also introduces provisions for executives in the company's Executive Severance Plan: if their employment ends due to a "Qualifying Termination" during a "Change of Control Protection Period," they will be deemed vested and eligible for retirement income under the SERP, with benefits calculated as if they had reached at least age 55. No additional credited service will be added in these cases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globe Life Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000320335-25-000066), on November 06, 2025, and is solely responsible for the information contained therein.

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Under the new structure, the benefit payable starts at 50% at age 55 and increases incrementally to 100% at age 65. The amendment also introduces provisions for executives in the company's Executive Severance Plan: if their employment ends due to a \"Qualifying Termination\" during a \"Change of Control Protection Period,\" they will be deemed vested and eligible for retirement income under the SERP, with benefits calculated as if they had reached at least age 55. No additional credited service will be added in these cases.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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