Old Glory Bank Introduces $100,000 Line-of-Duty Death Benefit for Old Glory Protectors - Insurance News | InsuranceNewsNet

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July 3, 2024 Reinsurance
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Old Glory Bank Introduces $100,000 Line-of-Duty Death Benefit for Old Glory Protectors

Business Wire

In celebration of America’s Independence Day, Old Glory Bank honors our Protectors who are the Members of our Armed Forces, Firefighters, Law Enforcement, and Border Patrol Agents with a $100,000 line-of-duty death benefit for those Protectors who bank with Old Glory Bank.

www.oldglorybank.com

ELMORE CITY, Okla.--(BUSINESS WIRE)--
Old Glory Bank, the pro-America online community bank, announces Old Glory Protect, a $100,000 line-of-duty death benefit for our Protectors who pay the ultimate sacrifice. Old Glory Protectors are members of our Armed Forces (including active, guard, and reserve), firefighters (including volunteer and wildfire), state and local law enforcement officers, and U.S. Border Patrol agents. To be eligible, Old Glory Protectors must have an account at Old Glory Bank and maintain an aggregate monthly direct deposit of at least $2,000.

“At Old Glory Bank, we protect those who protect us,” exclaims Steve Paganucci, Old Glory Bank’s Chief of Staff and former Army Officer. “Many of my Old Glory Bank colleagues and their family members are current and former Protectors, so this one is personal to us,” continues Paganucci.

“Old Glory Bank was created to be the Pro-American Bank that actually delivers important products and service for America. And nothing is more important than taking care of our Protectors,” says co-founder and CEO Mike Ring. “From the beginning, we have been the Bank that supports freedom and now the Proof is in the Protection,” adds Ring.

Old Glory Protect provides a free $100,000 line-of-duty-death benefit paid to the loved ones of Old Glory Protectors who pay the ultimate sacrifice and are killed in the line of duty. Old Glory Protect is underwritten by Everest Reinsurance Company.

Every Protector that has an Old Glory Bank account at oldglorybank.com and sets up direct deposit of at least $2,000 in the aggregate per month is eligible for Old Glory Protect’s free $100,000 line-of-duty death benefit. Details at go.oldglorybank.com/protect. Old Glory Protect begins on August 1, 2024, so Protectors should open an account now. Terms and conditions apply. This benefit is not FDIC-insured.

About Old Glory Bank

Old Glory Bank is an FDIC-insured bank that offers the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to serving those who feel marginalized for believing in the greatness of America. Old Glory Bank was co-founded by some of the leading voices supporting freedom and love of country, including former Secretary of Housing and Urban Development, Dr. Ben Carson; Radio and Television Host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; and former two-term Governor of Oklahoma, Mary Fallin-Christensen. Visit www.oldglorybank.com. We Stand with You. No Matter Where You Stand. Member FDIC.

About Everest Reinsurance Company

Everest Reinsurance Company is a division of Everest Group, Ltd. (NYSE: EG) (A.M. Best A+), a global leader in risk management, focused on long-term value, disciplined with capital, and caring deeply about their impact on communities. Everest has a 50-year track record of disciplined underwriting, capital and risk management.

More information about Old Glory Bank is available by contacting Ms. Jules Wortman, at [email protected].

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240703374848/en/

Jules Wortman
[email protected].

Source: Old Glory Bank

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