Globe Life Insurance Review

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Globe Life Insurance is a reputable insurance company that has been providing reliable and affordable insurance products to customers for over 70 years. The company offers a range of insurance policies, including life insurance, accident insurance, and supplemental health insurance, among others.

The purpose of this article is to provide readers with a comprehensive overview of Globe Life Insurance and its services. Whether you are a potential customer or simply curious about the company, this article will give you a better understanding of what Globe Life Insurance has to offer.

In the following sections, we will delve into the various insurance products offered by Globe Life Insurance and explain the features and benefits of each. We will also discuss the company’s history, reputation, and financial stability, as well as its customer service and claims process. By the end of this article, readers should have a clear idea of whether Globe Life Insurance is the right choice for their insurance needs.

Background and History

Globe Life Insurance, also known as Globe Life and Accident Insurance Company, is a prominent provider of life and health insurance in the United States. The company was founded in 1951 and is headquartered in McKinney, Texas.

Globe Life Insurance has a rich history of providing quality insurance products to individuals and families across the country. The company started as a small provider of burial insurance in rural Oklahoma, but over time, it expanded its product line to include life insurance, accidental death insurance, and supplemental health insurance.

One of the notable achievements of Globe Life Insurance is its consistent ranking on the Fortune 500 list. The company has been included in this prestigious list for over two decades, a testament to its financial stability and success. Globe Life Insurance has also received numerous industry accolades, including awards for its outstanding customer service and innovative product offerings.

Another milestone for the company was its acquisition of the National Home Life Assurance Company in 2003, which expanded Globe Life Insurance’s presence in the southeastern United States. This strategic move enabled the company to offer its products to a wider audience and further solidify its position as a leading insurance provider in the country.

Overall, Globe Life Insurance’s history and achievements reflect its commitment to providing affordable and reliable insurance products to its customers. With a strong reputation for quality and a focus on innovation, Globe Life Insurance is well-positioned to continue its success in the future.

Globe Life Insurance Policies

Globe Life Insurance is a reputable insurance company that offers a variety of insurance policies to meet the diverse needs of its customers. In this section, we will discuss the different types of insurance policies offered by Globe Life Insurance and the benefits and coverage of each policy type. We will also mention any exclusions or limitations to coverage.

Term Life Insurance: Globe Life Insurance’s term life insurance policy provides coverage for a specific period, usually between 10 and 30 years. This policy is ideal for those who need coverage for a limited period, such as parents who want to ensure that their children’s education is covered if something happens to them. The policy offers a death benefit to the beneficiaries in the event of the insured’s death during the policy term. However, this policy does not build cash value, and the premiums may increase as the insured gets older.

Whole Life Insurance: Globe Life Insurance’s whole life insurance policy provides coverage for the insured’s entire life. This policy offers a death benefit to the beneficiaries in the event of the insured’s death, and it also builds cash value over time. The cash value can be borrowed against or used to pay the policy premiums. However, this policy is more expensive than term life insurance, and the premiums may increase over time.

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Accidental Death Insurance: Globe Life Insurance’s accidental death insurance policy provides coverage in the event of accidental death. This policy is ideal for those who have high-risk jobs or engage in risky activities. The policy offers a death benefit to the beneficiaries if the insured dies due to an accident. However, this policy does not cover death due to natural causes or illness.

Mortgage Protection Insurance: Globe Life Insurance’s mortgage protection insurance policy provides coverage for the insured’s mortgage if they die before paying off the mortgage. This policy ensures that the beneficiaries can keep the family home even if the insured dies prematurely. The policy offers a death benefit to the beneficiaries to pay off the outstanding mortgage balance. However, this policy does not cover any other debts or expenses.

In conclusion, Globe Life Insurance offers a variety of insurance policies to meet the different needs of its customers. Each policy has its benefits and limitations, and it’s important to carefully review the terms and conditions before choosing a policy. Customers should consult with an insurance agent to find the policy that best meets their needs and budget.

Pros and Cons

Globe Life Insurance policies have their fair share of pros and cons. In this section, we’ll provide an unbiased analysis of the advantages and disadvantages of these policies, backed by customer reviews and feedback.


  1. Affordable premiums: One of the biggest advantages of Globe Life Insurance policies is that they offer affordable premiums. This makes it easier for people on a tight budget to get coverage for themselves and their families.
  2. No medical exams: Another advantage of Globe Life Insurance policies is that they don’t require a medical exam. This makes it easy for people with pre-existing conditions or other health issues to get coverage.
  3. Easy to apply: Applying for a Globe Life Insurance policy is quick and easy. Customers can apply online or over the phone, and the approval process is fast.
  4. Guaranteed acceptance: Globe Life Insurance policies are guaranteed acceptance policies, which means that anyone can apply and get coverage, regardless of their health condition or age.


  1. Limited coverage: One of the biggest disadvantages of Globe Life Insurance policies is that they offer limited coverage. The maximum coverage amount is usually around $100,000, which may not be enough for some people.
  2. No cash value: Globe Life Insurance policies do not build up any cash value over time. This means that customers cannot borrow against their policy or cash out their policy if they no longer need it.
  3. No riders or add-ons: Globe Life Insurance policies do not offer any riders or add-ons, which means that customers cannot customize their policy to meet their specific needs.

Customer Reviews:

Customers have mixed feelings about Globe Life Insurance policies. Some customers appreciate the affordable premiums and easy application process, while others are frustrated with the limited coverage and lack of customization options.

One customer writes, “I’ve been a customer of Globe Life for a few years now, and I have no complaints. The premiums are affordable, and the approval process was quick and easy.”

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Another customer writes, “I was disappointed with the limited coverage offered by Globe Life. I needed more coverage for my family, but the maximum amount offered was not enough.”

Overall, Globe Life Insurance policies may be a good option for those on a tight budget or those who have health issues that prevent them from getting coverage elsewhere. However, customers should carefully consider the limited coverage and lack of customization options before making a decision.

Cost and Affordability

Globe Life Insurance is known for its affordable policies, and their rates are often lower than many of their competitors. When it comes to affordability, Globe Life Insurance policies offer a great value for the coverage provided. The company’s rates are especially competitive for younger individuals or those in good health.

However, it’s important to note that the cost of a Globe Life Insurance policy will vary based on several factors, including the individual’s age, health, and lifestyle. For example, individuals who smoke or have pre-existing health conditions may face higher premiums.

When compared to other insurance providers, Globe Life Insurance rates tend to be lower for similar coverage. However, it’s always a good idea to compare quotes from multiple companies before making a decision.

In addition to competitive rates, Globe Life Insurance also offers various discounts and special offers. For example, customers who purchase a policy online may be eligible for a discount. They also offer discounts for military service members, first responders, and their families.

Overall, Globe Life Insurance policies are a great option for individuals seeking affordable coverage. With their competitive rates and discounts, it’s no surprise that Globe Life Insurance has become a popular choice for many people looking to secure their financial future.

Customer Service and Support

When it comes to customer service and support, Globe Life Insurance has a strong reputation for providing high-quality service to its customers. The company offers a variety of customer service channels, including phone, email, and mail, to ensure that customers can get in touch with a representative in the way that is most convenient for them.

One of the strengths of Globe Life Insurance’s customer service is its website and mobile app. Both are designed to be user-friendly and provide customers with easy access to their policy information, payment options, and other account details. The website and mobile app also offer a variety of self-service options, such as the ability to update personal information and view policy documents.

Customers can also find helpful information and resources on the company’s website, including FAQs, articles, and blog posts. Globe Life Insurance’s customer service representatives are knowledgeable and responsive, and are available to answer questions and address concerns in a timely and professional manner.

Overall, Globe Life Insurance’s commitment to providing quality customer service and support is evident in its website and mobile app, as well as its responsive and knowledgeable customer service representatives.

The company’s term life policies expire when the insured person reaches age 90.

Globe Life’s whole life insurance

Whole life insurance, also known as permanent life insurance, covers you for your entire life. It pays a death benefit to your beneficiaries after you die, and it builds cash value. Whole life insurance typically costs more than term life insurance.

Coverage amount choices for Globe’s whole life insurance are $5,000, $10,000, $20,000, $30,000 and $50,000.

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Globe’s children’s life insurance

A parent or grandparent can buy a Globe whole life insurance policy to cover a child or grandchild. The policy pays a death benefit and builds cash value over time.

Coverage choices are $5,000, $10,000, $15,000, $20,000, $25,000 and $30,000.

After the first month of coverage, the rates are based on the child’s current age and will stay the same throughout the child’s life.

Globe Life’s final expense insurance

Final expense insurance, also called burial insurance, is designed to mainly cover funeral costs, small unpaid debts or even lost income if you die. Globe does not require a medical exam for its final expense insurance.

Coverage choices are $5,000, $10,000, $20,000, $30,000, $50,000 and $100,000.

Globe Life’s mortgage protection insurance

Globe Life’s mortgage protection insurance covers mortgage payments if the insured person dies or suffers dismemberment (such as a hand, foot or eye) in an accident. No medical exam is required.

For every year your mortgage protection insurance remains in force, the death benefit rises by 5% from the original death benefit until it reaches 125% or when you reach age 70, whichever comes first.

If you buy the family plan, Globe Life pays an extra 10% on your mortgage insurance death benefit if your child is between the ages of 15 and 22 on the date of your covered accident.

Financial Strength and Stability

Globe Life Insurance is widely recognized for its financial strength and stability. As a provider of life insurance policies for over 70 years, the company has established a reputation as a reliable and trustworthy insurer.

Independent rating agencies have consistently given Globe Life Insurance high marks for its financial stability. For instance, A.M. Best, a leading insurance rating agency, has assigned Globe Life Insurance an A+ (Superior) rating, which is the second-highest rating possible. Additionally, Moody’s Investors Service has given the company a rating of A1, and Standard & Poor’s has given it an AA- rating.

These ratings are a testament to the strength of Globe Life Insurance’s financial position, as well as its ability to meet its obligations to policyholders. They provide customers with the assurance that the company is well-equipped to handle unexpected financial challenges and pay out claims when needed.

Overall, Globe Life Insurance’s financial strength and stability are impressive, and its high ratings from independent agencies are a testament to the company’s commitment to financial soundness and customer satisfaction.


In conclusion, Globe Life Insurance policies offer a range of affordable life insurance options for individuals and families. The key takeaways from this article include:

  • Globe Life Insurance policies are straightforward and easy to understand, with no medical exams required.
  • Policyholders have the option to customize their coverage to suit their individual needs.
  • Globe Life Insurance offers competitive rates and flexible payment options.
  • The company has a strong financial rating, indicating its ability to meet policy obligations.

For readers considering Globe Life Insurance policies, our final recommendation is to carefully evaluate your coverage needs and compare policy options from multiple insurance providers before making a decision. While Globe Life Insurance offers affordable and accessible coverage, it may not be the best fit for everyone’s individual needs. As with any insurance policy, it’s essential to read the fine print and ask questions to ensure you have a clear understanding of what you’re signing up for.