Globe Life Insurance Review for 2024
Globe Life provides term and permanent life insurance policies. Customers can find cheap Globe Life life insurance rates with no exam. The company has been rated an A by A.M. Best and an A+ by the Better Business Bureau but has more complaints than most competitors. Learning more about Globe Life life insurance will help you determine if the company is right for you.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Globe Life provides term and permanent life insurance policies
- Globe Life has more complaints than most competitors
- Globe Life has been rated an A by A.M. Best
Globe Life provides affordable no exam life insurance for customers throughout the United States. Additionally, the company has been rated an A by A.M. Best and an A+ by the Better Business Bureau.
Discovering more about Globe Life life insurance will help you decide if the company has the right coverage for you. Before jumping into this Globe Life life insurance review, enter your ZIP code to get free life insurance quotes in your area.
What are the Globe Life life insurance rates?
For many customers, the cost of coverage is a determining factor when choosing a life insurance company. Globe Life sample life insurance rates help you determine if the company’s policies are cost-effective.
The following chart shows the average monthly Globe Life rates for a $30,000 policy based on age and gender.
Globe Life Life Insurance Average Monthly Rates for a $30,000 Policy by Age and Gender
| Age | Average Monthly Life Insurance Rates for Males | Average Monthly Life Insurance Rates for Females |
|---|---|---|
| 18-20 | $9.49 | $8.19 |
| 21-25 | $12.49 | $9.49 |
| 26-30 | $15.49 | $12.49 |
| 31-35 | $18.49 | $15.49 |
| 36-40 | $21.99 | $18.49 |
| 41-45 | $27.99 | $21.99 |
| 46-50 | $34.99 | $27.49 |
| 51-55 | $46.49 | $34.49 |
| 56-60 | $59.49 | $43.49 |
| 61-65 | $83.49 | $56.49 |
| 66-70 | $111.99 | $76.99 |
| 71-75 | $157.49 | $104.99 |
| 76-80 | $229.49 | $152.99 |
As you can see, females experience the most affordable Globe Life life insurance quotes. Also, term life policies feature annual renewals, and rates will typically increase when you renew a term.
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What policies are available from Globe Life life insurance?
Globe Life provides customers with term life, whole life, and final expense insurance. Additionally, the company offers guaranteed acceptance policies for those with pre-existing health issues.
Term life policies are available from one to 30-year terms and range in value from $5,000 to $100,000. Additionally, all term life policies feature annual renewal, allowing customers to continue their policy after the original term expires.
Globe Life offers whole life insurance, which ranges in value from $5,000 to $50,000. These policies feature a cash value that builds over time. Once the cash value reaches a predetermined amount, customers can take out a loan against the policy.
In addition to adult whole life coverage, Globe Life offers whole life plans for children. Like the adult plans, a child’s whole life policy has fixed rates but only ranges in value from $5,000 to $30,000.
If term life or whole life coverage is too much or you don’t qualify, the company also offers final expense insurance. This type of coverage pays for funeral and burial costs, taking the burden off your loved ones.
All of the previously-mentioned policies require customers to fill out a health questionnaire. However, none of the plans require a medical exam.
Customers with poor health might attempt to avoid a medical exam and questionnaire. For those customers, Globe Life offers guaranteed acceptance policies. These plans are available for customers between 65 and 80 years old, and values range from $3,000 to $15,000.
Does Globe Life life insurance offer riders?
Most life insurance companies offer options to customers that they can add to a policy. These options are called riders and allow customers to customize their coverage. The riders offered by Globe Life include:
- Children’s term to 25
- Terminal illness accelerated benefit
- Waiver of premium
Globe Life offers fewer riders than most competitors. As a result, many customers will only have the coverage provided by the standard policy.
How is Globe Life life insurance rated?
Credit rating agencies review and rate insurance companies based on financial strength. These financial ratings determine the company’s likelihood of providing a payout when customers file a claim.
Globe Life has been rated an A by A.M. Best, an AA- by S&P, and an A+ by Fitch. While not at the top of the agencies’ scale, each of these ratings is considered solid and indicates that customers can expect a payout when they file a claim.
The Better Business Bureau (BBB) rates insurance companies based on their business practices. Globe Life has been rated an A+ by the BBB, indicating that the company is transparent when dealing with customers.
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Does Globe Life life insurance have any complaints?
The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) review complaints made about insurance companies. Both organizations have completed Globe Life insurance reviews.
At the time of this review, the BBB has received 125 complaints about Globe Life over the past three years. Additionally, 20 customers have submitted reviews on the BBB website, giving Globe Life an average rating of one out of five stars.
According to the NAIC, Globe Life has a complaint index ratio of 3.52. This number indicates that Globe Life has more than three times the number of complaints than the average company of a similar size.
Does Globe Life life insurance have a website and mobile app?
Customers can manage their accounts through the Globe Life eService Center. Entering your Globe Life Insurance policy login allows you to complete several tasks, including:
- Make payments
- Review policy details
- Update mailing address
In addition to the website, the Globe Life Insurance app is available on all mobile devices. The app allows customers to complete the same actions as the website.
How can you buy Globe Life life insurance?
Customers can shop for and buy coverage online, over the phone, or by mail. To purchase a policy by phone, you can speak with a representative by calling the Global Life Insurance phone number at 1-877-577-3860. Representatives are available Monday to Friday from 7:30 p.m. to 6:00 p.m. (CT).
In some cases, customers can buy Globe Life Insurance policies online. However, customers can only purchase some plans by calling the company. Speaking with a representative will help you determine if you can buy your desired policy online.
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How can you file Globe Life life insurance claims?
Customers can file Globe Life Insurance claims by email or phone. Those that prefer to file a claim by phone can call the Globe Life claims department at 1-800-654-5433. Customers who file a claim by email can send incident information to [email protected].
The time it takes to receive a payout for your claim depends on the length of the policy. Customers for more than two years are eligible for an incontestable claim, and the payout will arrive right away. Customers for less than two years are subject to further review.
How can you make Globe Life life insurance payments?
Customers can make a Globe Life Insurance payment monthly, quarterly, or annually. The company gives the customer the choice of payment frequency. Payment options offered by the company include:
- Online
- Bank draft
- Phone
While direct billing is an option, customers can also pay by Visa, MasterCard, or electronic funds transfer. Additionally, customers can change their payment method or information through Globe Life’s eService Center.
What are the pros and cons of Globe Life life insurance?
Every insurance company has positives and negatives that customers should consider. Understanding these pros and cons will help you determine if the company is right for you.
Positives of Globe Life include acceptance without a medical exam, no waiting period for coverage, and the ability to buy online, by phone, or by mail.
Negatives of Globe Life include more complaints than many competitors, guaranteed issue plans unavailable for whole life policies, and an inability to file claims online.
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What is the history of Globe Life life insurance?
The Globe Life life insurance company was founded in 1951 to provide customers in Oklahoma with inexpensive life insurance. The company grew extensively over the next 12 years, serving customers in 36 states by 1964. Today, the company is based in McKinney, Texas, and has 4.3 million policyholders.
Globe Life life insurance: The Bottom Line
Globe Life provides term life, whole life, and final expense insurance to customers throughout the United States. The company has strong financial ratings but far more complaints than the average company of a similar size.
Learning more about Globe Life life insurance will help you determine if the company is right for you.
Now that you know about Globe Life life insurance, enter your ZIP code to find free life insurance rates in your area.
Frequently Asked Questions
What is the history of Globe Life life insurance?
Globe Life was founded in 1951, initially serving customers in Oklahoma with affordable life insurance. It expanded over the years and currently has 4.3 million policyholders across 36 states, headquartered in McKinney, Texas.
What are the pros and cons of Globe Life life insurance?
Pros: No medical exam required, no waiting period, flexible purchase options. Cons: Higher number of complaints, limited availability of guaranteed issue plans for whole life, no online claims filing.
How can you make Globe Life life insurance payments?
Globe Life offers online, bank draft, phone, and mail payment options. Customers can choose the frequency and method that suits them.
How can you file Globe Life life insurance claims?
Customers can file claims with Globe Life by phone or email, using the claims department phone number or sending incident information to the provided email address.
How can you buy Globe Life life insurance?
Globe Life life insurance can be purchased online, over the phone, or through mail. Some policies may require contacting the company directly.
Does Globe Life life insurance have a website and mobile app?
Yes, Globe Life has an eService Center on their website and a mobile app for managing accounts and policy-related tasks.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.