Globe Life Inc. (GL), headquartered in McKinney, Texas, delivers essential life and supplemental health insurance to U.S. middle-income households. Its offerings span term life, whole life, kids’ life, final expense, and accidental death policies, plus health coverage for cancer, critical illness, hospitalization, and Medicare supplements. The company operates through the broad segments of Life Insurance, Supplemental Health Insurance, and Investments. It has a market capitalization of $11.20 billion, wh ...

As a spousal beneficiary, Bob’s wife could take a portion of the 401(k) as a lump sum. While this withdrawal would be penalty-free, it’s taxed as regular income, which could result in a hefty bill. She could also roll the inherited 401(k) over into her own 401(k) or IRA, if she has one.She’s 55, so she could live another 40 years. While she would receive some Social Security benefits in retirement, the couple has to consider whether that, combined with 401(k) withdrawals, would be enough to cover expenses a ...