Globe Life Insurance Review & Ratings (2024)
Discover the comprehensive Globe Life Insurance review, ratings, and pricing information for individuals and families. Explore their range of policy options, including term life and whole life insurance, with a focus on affordability and accessibility. Learn about their A.M. Best rating of A+ and S&P Rating of AA-, reflecting their financial strength and stability.
Read moreJimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Insurance Agent
UPDATED: Sep 13, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Sep 13, 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 insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Globe Life Insurance
Average Monthly Rate For Good Drivers
$0A.M. Best Rating:
A+Complaint Level:
LowPros
- Affordable premiums, making coverage accessible to budget-conscious individuals.
- No medical exam required for most policies, simplifying the application process.
- Variety of insurance products, including term life, whole life, children life, accidental death, and mortgage protection insurance.
- Simplified underwriting process, enhancing speed and ease of obtaining coverage.
- Extensive coverage across all 50 states in the United States.
Cons
- Limited product selection may not cater to individuals seeking a broader range of insurance options.
- Some customers have reported a lack of transparency regarding policy details and pricing.
- Mixed customer feedback on claims process, with concerns about wait times and difficulty in processing claims.
- While praised for affordability, a few customers have expressed dissatisfaction with unexpected changes in premiums or benefits.
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.
What You Should Know About Globe Life Insurance
Welcome to our comprehensive article on Globe Life Insurance, a trusted provider of reliable and affordable coverage. In this article, we will delve into various aspects of Globe Life Insurance, including their policy options, ratings, pricing, and customer satisfaction. Discover the range of insurance products they offer, such as term life and whole life insurance, designed to meet diverse needs.
- 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
We will also discuss their financial strength, reflected in their A.M. Best rating of A+ and S&P Rating of AA-. To ensure you make the best decision for your insurance needs, we encourage you to enter your ZIP code below and compare rates from top insurance providers. Don’t miss out on finding the perfect coverage at the best price.
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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.
Globe Life Insurance Coverage Options
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.
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:
- 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.
- 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.
- 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.
- 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 Rates Breakdown
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.
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.
Absorbing the Ins and Outs of the Claims Procedure at Globe Life Insurance
Ease of Filing a Claim
Globe Life Insurance offers a user-friendly claims process that caters to the convenience of its policyholders. They provide multiple channels for filing a claim, making it accessible and hassle-free. Policyholders can choose to file a claim online through the company’s website, over the phone by contacting their dedicated claims department, or even through mobile apps, ensuring flexibility and ease of use.
Average Claim Processing Time
When it comes to the speed of processing claims, Globe Life Insurance aims to provide efficient service. However, the exact processing time may vary depending on the complexity of the claim and the documentation provided.
On average, policyholders can expect a reasonable turnaround time for their claims, but it’s essential to check with the company for specific details regarding the processing time for different types of claims.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is crucial in evaluating the effectiveness of an insurance company’s claims process. Globe Life Insurance has received mixed feedback from customers regarding their claim resolutions and payouts. While some policyholders have reported positive experiences with timely payouts and satisfactory resolutions, others have expressed concerns about the handling of claims.
It’s advisable for potential customers to consider both positive and negative feedback to make an informed decision about Globe Life Insurance.
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Leading the Pack: Globe Life Insurance Digital and Technological Innovations
Mobile App Features and Functionality
Globe Life Insurance provides a mobile app that offers various features and functionalities designed to enhance the policyholder experience. The app allows users to manage their policies, make premium payments, and access policy documents conveniently from their mobile devices.
Additionally, it provides a user-friendly interface, making it easier for customers to stay updated on their insurance coverage while on the go.
Online Account Management Capabilities
For policyholders who prefer managing their insurance policies online, Globe Life Insurance offers robust online account management capabilities. Through their website, customers can log in to their accounts, view policy details, update personal information, and make necessary changes to their coverage.
This online platform provides a convenient way for customers to stay in control of their insurance needs.
Digital Tools and Resources
Globe Life Insurance is committed to providing digital tools and resources that empower policyholders to make informed decisions about their coverage. These tools may include online calculators to estimate insurance needs, educational resources to understand various insurance products, and interactive features to explore policy options.
Such digital resources contribute to a well-rounded and informative customer experience.
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Frequently Asked Questions
What is Globe Life Insurance?
Globe Life Insurance is a life insurance company that provides coverage for individuals and families. They offer term life, whole life, and accidental death insurance policies.
How do I apply for Globe Life Insurance?
You can apply for Globe Life Insurance online or by calling their toll-free number. The application process is straightforward and usually takes just a few minutes.
What types of policies does Globe Life Insurance offer?
Globe Life Insurance offers term life insurance, whole life insurance, and accidental death insurance policies.
How much coverage can I get with Globe Life Insurance?
The amount of coverage you can get with Globe Life Insurance varies depending on the type of policy you choose and your individual needs. However, their policies typically offer coverage amounts ranging from $5,000 to $100,000.
Is Globe Life Insurance a reputable company?
Yes, Globe Life Insurance is a reputable company with a long history of providing life insurance coverage. They have an A+ rating with the Better Business Bureau and high ratings from other independent rating agencies.
How much does Globe Life Insurance cost?
The cost of Globe Life Insurance varies depending on several factors, such as your age, health, and the type and amount of coverage you choose. However, their policies are generally considered to be affordable and competitively priced.
How long does it take to get coverage with Globe Life Insurance?
The amount of time it takes to get coverage with Globe Life Insurance varies depending on several factors, such as the type of policy you choose and your individual circumstances. However, many policies offer immediate coverage upon approval, while others may require a waiting period before coverage begins.
How do I file a claim with Globe Life Insurance?
To file a claim with Globe Life Insurance, you can contact their claims department directly or work with a licensed agent. They will provide you with the necessary forms and instructions to file your claim.
Can I cancel my Globe Life Insurance policy?
Yes, you can cancel your Globe Life Insurance policy at any time. However, depending on the type of policy you have and the length of time you’ve had it, you may be subject to cancellation fees or penalties. It’s always best to check with your agent or the company directly before canceling your policy.
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Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.