Globe Life Insurance Review & Ratings (2023)

Globe Life Insurance is a top-rated insurance company that has been providing quality insurance services since 1951. Their mission is to provide affordable, accessible, and quality insurance products to its customers.

With a range of insurance products, discounts, and customer satisfaction, Globe Life Insurance is an excellent choice for individuals seeking insurance coverage. In this article, we’ll take a closer look at Globe Life Insurance’s history, mission, products and services, pricing, states they serve, discounts, customer reviews, and strengths and weaknesses.

Interesting Attributes of Globe Life Insurance:

• Affordable premiums for customers on a budget
• No medical exam required for most policies
• Variety of insurance products available, including term life insurance and whole life insurance

Globe Life Insurance is a well-established and highly rated insurance company that has been providing quality insurance services for over 70 years. With a focus on affordable, accessible, and quality insurance products, Globe Life Insurance has been a popular choice for individuals seeking insurance coverage.

Their range of insurance products includes term life insurance, whole life insurance, and more. With competitive pricing and a variety of discounts available, Globe Life Insurance is an excellent choice for individuals looking for quality insurance products.

Globe Life Insurance History and Mission

Globe Life Insurance was founded in 1951 in Oklahoma City by Ralph Reece and John Singletary. The company’s mission is to provide affordable, accessible, and quality insurance products to its customers. Globe Life Insurance is dedicated to making insurance products accessible to all individuals and families, regardless of their income level or health status.

Over the years, Globe Life Insurance has grown significantly and expanded its product offerings. Today, the company is one of the largest providers of life insurance in the United States, serving over 4 million policyholders across the country. Globe Life Insurance has built a reputation for its commitment to providing reliable and quality insurance products to its customers.

The company’s focus on affordability and accessibility has made it a popular choice for individuals and families seeking insurance coverage. Globe Life Insurance is dedicated to providing excellent customer service and support, ensuring that policyholders have a positive and hassle-free experience when working with the company.

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Products and Services Offered by Globe Life Insurance

Globe Life Insurance offers a variety of insurance products and services to its customers, including:

• Term life insurance: This type of insurance provides coverage for a specific period of time, typically 10, 15, 20, or 30 years. If the policyholder dies during the term of the policy, their beneficiaries receive a death benefit. Globe Life Insurance’s term life insurance policies are available in coverage amounts ranging from $5,000 to $100,000.
• Whole life insurance: This type of insurance provides coverage for the entire life of the policyholder and builds cash value over time. Globe Life Insurance’s whole life insurance policies are available in coverage amounts ranging from $5,000 to $50,000.
• Children life insurance: Globe Life Insurance offers life insurance coverage for children, including those with special needs. The policies are designed to provide affordable coverage and can be purchased for as little as $1 per week.
• Accidental death insurance: This type of insurance provides coverage in the event of accidental death. Globe Life Insurance’s accidental death insurance policies are available in coverage amounts ranging from $10,000 to $100,000.
• Mortgage protection insurance: This type of insurance provides coverage to pay off a mortgage in the event of the policyholder’s death. Globe Life Insurance’s mortgage protection insurance policies are available in coverage amounts ranging from $25,000 to $350,000.

Globe Life Insurance is also known for its simplified underwriting process, which does not require a medical exam for most policies. This makes it easier and faster for individuals to obtain coverage.

How much does Globe Life insurance cost?

The cost of Globe Life Insurance policies varies based on several factors, including the type of insurance, coverage amount, age, and health status of the policyholder. However, Globe Life Insurance is known for its affordability, and its policies are typically among the most affordable options in the industry.

To give you an idea of the cost of Globe Life Insurance policies, here are some sample monthly rates for a 35-year-old male non-smoker in good health:

• $5,000 term life insurance: $7.49 per month
• $10,000 term life insurance: $9.96 per month
• $25,000 whole life insurance: $20.42 per month
• $50,000 whole life insurance: $36.59 per month

Additionally, rates may be higher for individuals who are older or have health conditions that make them a higher risk for insurance companies.

In what parts of the U.S. does Globe Life insurance provide coverage?

Globe Life Insurance provides coverage in all 50 states in the United States. This makes the company’s insurance products accessible to individuals and families across the country.

No matter where you live in the U.S., you can purchase insurance coverage from Globe Life Insurance.

If you’re interested in finding out whether Globe Life Insurance offers coverage in your area, there are four steps you can take:

1. Visit the Globe Life insurance website: The company’s website provides information on its products, services, and coverage areas. You can navigate to the website by typing “Globe Life Insurance” into your preferred search engine.
2. Click on the “Contact Us” link: Once you’re on the Globe Life Insurance website, click on the “Contact Us” link, which is typically located in the site’s top or bottom navigation bar.
3. Choose your preferred method of contact: On the “Contact Us” page, you’ll find several options for getting in touch with the company, including phone, email, and live chat. Choose the option that best fits your needs.
4. Reach out to a customer service representative: Once you’ve selected your preferred method of contact, reach out to a customer service representative and ask about the availability of Globe Life Insurance in your area. The representative will be able to provide you with information on the company’s coverage areas and answer any other questions you may have.

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Globe Life Insurance Discounts Available

Globe Life Insurance offers several discounts to help customers save money on their insurance premiums. These discounts can be a great way to lower the cost of your insurance policy and make coverage more affordable. Here are some of the discounts available from Globe Life Insurance:

• Multi-policy discount: If you have multiple policies with Globe Life Insurance, you may be eligible for a discount on your premiums. For example, if you have both a life insurance policy and a Medicare supplement policy with the company, you may be able to save money on both policies.
• Safe driving discount: If you have a good driving record, you may be eligible for a safe driving discount on your auto insurance policy. This discount rewards safe driving habits and can help lower your insurance premiums.
• Pay in full discount: If you pay your insurance premium in full, you may be eligible for a discount on your policy. This can be a great way to save money on your insurance premiums over time.
• Non-smoker discount: If you’re a non-smoker, you may be eligible for a discount on your life insurance premiums. This discount recognizes the lower risk associated with non-smokers and can help lower the cost of your policy.
• Group discount: If you’re a member of a qualifying group or organization, you may be eligible for a group discount on your insurance premiums. This can be a great way to save money on your policy while also enjoying the benefits of being part of a group.

Globe Life Insurance Customer Reviews

Customer reviews can provide valuable insights into the quality and reliability of insurance companies. When it comes to Globe Life Insurance, customers have a range of opinions and experiences. Here’s an overview of what customers are saying about the company:

Strengths:

• Affordable premiums: Many customers appreciate the low premiums offered by Globe Life Insurance, which can make it easier to obtain life insurance coverage.
• Simple application process: Several customers have commented on the ease and simplicity of the application process for Globe Life Insurance products. The company offers online applications and a quick approval process, which can be especially helpful for those who need coverage quickly.
• Excellent customer service: Many customers have praised the customer service provided by Globe Life Insurance. The company offers a 24/7 customer service line, and representatives are generally helpful and knowledgeable.

Weaknesses:

• Limited product selection: Some customers have expressed frustration with the limited selection of insurance products offered by Globe Life Insurance. While the company offers basic life insurance policies, it may not have the range of options that some customers are looking for.
• Lack of transparency: A few customers have complained about a lack of transparency when it comes to policy details and pricing. Some have reported unexpected changes in their premiums or benefits that were not clearly explained.
• Poor claims experience: A handful of customers have had negative experiences with the claims process at Globe Life Insurance. Some have reported long wait times or difficulty getting their claims processed and paid out.

In Conclusion: Globe Life Insurance

Globe Life Insurance is a well-established provider of life insurance, auto insurance, and home insurance. The company was founded in 1951 and is headquartered in McKinney, Texas.

Globe Life Insurance offers a variety of insurance products, including whole life insurance, term life insurance, accidental death insurance, and more. The company’s products are designed to be affordable and easy to apply for, making it a popular choice for those who are looking for basic insurance coverage.

One of the main strengths of Globe Life Insurance is its affordability, with many customers noting that the company’s premiums are lower than those offered by other insurance providers. The application process is also simple and straightforward, and the company offers good customer service and a range of discounts to help customers save money on their policies.

However, Globe Life Insurance has some weaknesses as well, including a limited product selection, a few complaints about transparency, and some negative reviews of the claims process. It’s important to carefully consider your options and read reviews before making a decision about coverage.