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Globe Life Insurance Reviews

Globe Life Insurance Reviews
Insurance Quotes 2 Day Team

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

 6 minute read

Anyone who watches television has probably seen commercials put out there by life insurance companies, especially those companies that sell directly to the consumer. Our Globe Life insurance reviews will help you decide. 

Certainly, TV advertising is a great method for getting consumers to think about life insurance, and we applaud companies that are willing to pay big bucks to get the conversation started. However, buying life insurance directly from a company without advice from an experienced and reputable agent could be a mistake.

One of the companies that spend a lot of money on TV and direct mail advertising is Globe Life Insurance Company. Consumers must read our Globe Life Insurance Review to get the information they need to make an informed decision.

Globe Life Insurance Contact

NOTE: We are not Globe Life Insurance. This is just our Globe Life Insurance review. If you need to contact them, call the company at 800-333-0637 during normal business hours or through their website at

Globe Life and Accident Insurance Company
3700 S. Stonebridge Dr.
McKinney, TX 75070

Globe Life Insurance Company of New York
301 Plainfield Rd, Suite 150
Syracuse, NY 13212

About our Globe Life Insurance Company Review

To understand our Globe Life Review, you need to have some background knowledge of the company. Globe Life was founded in 1951 and currently makes McKinney, TX, its home state for operations.

In 1980, Globe Life and Accident Insurance Company was bought by Liberty National Life Insurance Company and its holding company, Torchmark Corporation.  Liberty National Life Insurance was founded in 1900 in Birmingham, AL. 

In 2019, Torchmark Corporation rebranded by renaming the company Globe Life Inc.

There are a lot of insurance companies that fall under the Globe Life brand, including the following:

  • Globe Life (Globe Life Accident And Insurance Company)
  • Globe Life Liberty National Division (Liberty National Life Insurance Company)
  • Globe Life Family Heritage Division (Family Heritage Life Insurance Company Of America)
  • American Income Life (American Income Life Insurance Company)
  • National Income Life (National Income Life Insurance Company)
  • United American (United American Insurance Company)
  • Globe Life of New York (Globe Life Insurance Company of New York)
  • Globe Life Employee Services Division (Employee Services Division)

The company’s founders originally began operating in rural Oklahoma communities with a mission to offer life insurance protection to consumers in underserved markets. As the company grew and became profitable, Globe expanded its footprint across the U.S. and now serves over 4 million policyholders and has over $82 billion of insurance in force. 

As the company grew using television and direct mail as its marketing force and selling directly to the public along with the help of independent agents, Globe Life has become one of the major players in the life insurance industry today.


Globe Life and Accident Insurance Company Review on Financial Stability

Simply stated, a life insurance policy is a promise to pay a selected death benefit in return for a premium from the policyholder. With life insurance, however, that promise must remain in force for decades.

It’s reasonable for every consumer who is considering purchasing life insurance from Globe Life to spend a little time to make certain the company demonstrates the ability to keep its promise today, tomorrow, and 50 years from now.

We believe that Globe Life is financially stable because they have received an A+ (Superior) rating from A.M. Best and an AA- rating from Standard & Poor’s. Both companies have rated also stated that Globe’s long-term issuer credit rating is “stable.” The other sources we checked also indicate that, financially speaking, Globe Life Insurance reviews demonstrate the company is financially stable.

To demonstrate Globe Life’s financial transparency, consumers may review the company’s annual reports online from as far back as 1998.

Globe Life’s Insurance Products Review

Globe is one of a small group of companies that have decided to focus on a market niche that will typically need a small selection of insurance products. Most Globe Life insurance policies are no exam insurance policies, which makes for a quick cycle time for the insured and the insurance company. Typically, the insurance companies that operate this way get very good at what they do because of their ability to focus on a small selection of products.

Here’s what Globe Life offers:

Insurance ProductTargeted Consumers
Term Life InsuranceTerm Life Insurance for Adults
Whole Life InsuranceWhole Life Insurance for Adults and Children
Accidental Benefits Death PolicyPays $3000 if a family member dies accidentally.
Cancer InsuranceHelps cover expenses your health insurance may not cover
Critical IllnessPays benefits for critical illnesses like strokes and heart attacks
Hospital InsuranceCoverage for both intensive care and regular stays to help cover deductibles
Accident InsuranceHelps cover surprise expenses as a result of a covered accident

Globe Life Term Insurance Review

Globe Life offers an unusual term policy when you compare it to the rest of the companies out there. While other companies offer policy terms of 10, 15, 20, 25, and 30 years, Globe Term Insurance is a five-year term but guaranteed to renew up to age 90. At age 90, the policy stops and no replacement coverage from Globe is available.

When most companies offer a term conversion option so policyholders can convert their term policy to a permanent policy, Globe term insurance does not have that option. Most consumers who are attracted to this policy will purchase it because of the $1 premium for the first month but after 30 days, the regular premium applies and will go up every 5 years as you age into a new term.

Here are the Globe Term Insurance highlights:

Eligible age for Applicants18 - 79
Available Face Amounts$5,000 - $100,000 (maximum face amounts vary by age)
Maximum Coverage Age90 - the policy will cancel when the policyholder turns 90
Level PremiumsNo. Premiums will increase every 5 years
Medical Exam Required?No medical exam is required
Health questions on Application?Yes. Your acceptance will depend on how questions are answered
Guaranteed IssueNo
RidersThere are no riders available with Globe's term insurance

Globe Life Term Insurance Rates

We found it somewhat difficult to get the Globe Life Insurance rates on the company’s website. They did provide a quote for a $50,000 policy for $28.15 per month (the first month is $1), but you have to agree to receive Globe Life Insurance rates by mail (up to 2 weeks) if you want rates for more coverage. Also, the rates are for the first 5-year period only and would increase from there.

When we compared the $50,000 with other companies in the marketplace, we found the following companies with rates under $10 for a 10-year term life insurance policy. These Globe Insurance rates are for a 30-year-old male non-smoker in very good health:

Globe Life Insurance Reviews of competitors

As you can see from the comparison listed above, buying term life insurance from Globe Life may be quick and easy, but it is certainly not a bargain. And remember, no riders or conversion option is available with Globe Life Term Life Insurance. Other agents offering Globe Life Insurance reviews felt pretty much the same way as we do when considering if Globe insurance products are much of a bargain in the long run.

Globe Life Whole Life Insurance Review

Globe offers whole life insurance for adults and children. Most adults who purchase Globe Whole Life Insurance are typically seniors who are looking for Final Expense and Burial Insurance. The Globe Life’s whole life insurance policies are cash-value policies, but there is no mention of optional riders on the website. The first month’s premium is also $1, like their term insurance product.

Although we attempted to get Globe Life Insurance rates for whole life insurance on their website, we found the only way to get this information was to call them or wait for a quote in the mail (not email). We assume that Globe Life burial and funeral insurance are similarly priced to Colonial Penn and other companies that sell directly to consumers.

Unlike other insurance companies that sell directly to the consumer, we found no mention of a waiting period on the Globe Life burial insurance product, which is unusual. Typically, this indicates that applicants can be denied coverage because of health issues Globe Life Insurance is unwilling to accept.

Globe Life’s Whole Life Insurance for children is similar to other companies like Gerber, Colonial Penn, and Mutual of Omaha. Still, once again, the consumer must call the company for quotes or wait for the quotes to come in the mail.

Globe Life Insurance Reviews Conclusion


We did spend some additional time checking other reviews on Globe Life Insurance on the internet. Most sources felt Globe Life Insurance rates were not much of a bargain compared to other national carriers.

I am probably like most people who shop for products and services online. Consumers in the 21st Century expect to be able to shop for life insurance online, and like me, they will go elsewhere.

You can use the life insurance calculator on this page to see what rates you qualify for.


Frequently Asked Questions If I have COPD will I be able to afford life insurance?

What insurance products does Globe Life Insurance offer?

Globe Life Insurance offers whole life, term life, cancer insurance, critical illness insurance, hospital insurance, and accidental insurance.

Are Globe Life’s rates cheaper than other companies?

Unfortunately, no. Globe Life’s rates are at the higher end of the spectrum when compared with other term insurance products from well-known national insurance companies.

Should I buy insurance from Globe Life for my young children?

Regretfully, sometimes children will die, and the last thing you need to stress about while you are in mourning is the cost of a funeral and burial insurance. Also, when you buy whole life insurance on a child, you are helping them secure their financial future and their ability to qualify for more insurance later in life.


author avatar
Doug Mitchell, CLU Independant Advisor
Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent almost 30 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance and home and auto insurance. Doug is a Top of the Table Million Dollar Round Table member (MDRT).  MDRT is a global, independent association of the world's leading life insurance advisors.  For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table. He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award. Later in his career with New York Life he was an Executive Council Member. Doug currently serves as President of Ogletree Financial, a managing general agency serving life insurance agents and clients in all parts of the United States. Today, Doug’s main focus is servicing 1000s of policyholders and growing the agency through the reach of