Globe Life Insurance Review: How Do The Company Compare?

Shawn Plummer

CEO, The Annuity Expert

Globe Life Insurance Reviews From An Agent

Comparison with Other Companies

  1. Policy Types: Compared to other companies, Globe Life offers fewer options. While many competitors provide universal life, variable life, and more, Globe focuses mainly on basic term and whole life policies.
  2. Cost: Globe Life’s premiums are initially low, but they may increase over time. In contrast, some other insurers offer level premiums that don’t increase with age.
  3. Coverage Amounts: The maximum coverage amount with Globe Life is typically lower than what other larger insurers offer. This can be a limiting factor for those needing substantial coverage.
  4. Customer Service: Reviews on customer service are mixed. Some customers appreciate the ease of application, while others report difficulties in claims processing.
  5. Underwriting Process: Globe’s lack of a medical exam is a significant difference. Other companies may require a medical exam but might offer more competitive rates for healthy individuals.
Globe Life Insurance Reviews

Globe Life Insurance The Pros and Cons

  • Globe Life Insurance Company is a large insurance company in the United States with three subsidiaries:
    • Liberty National Life Insurance Company
    • Family Heritage Life Insurance Company
    • United American Insurance Company
  • Their current financial rating with A.M. Best in 2023 is “A” (Excellent).
  • They offer term, whole, and universal life insurance policies.
  • They do offer a traditional no-medical exam policy.
  • Globe Life only offers Globe life insurance products. No variety.
  • Options are minimal.
  • Age restrictions are limiting.
  • Globe life insurance rates are more expensive than other life insurance companies.
  • You need to get a permanent insurance quote from a life insurance agent.
  • You can only choose 10, 20, or 30 years for term insurance when there are 40-year terms available.
  • Coverage maximum amounts are limited to $100,000. You are directed to AIG for any coverage above that.
  • $5,000 is the minimum policy amount.
  • Life insurance is not issued to foreign nationals unless the applicant verifies in writing that such applicant is a permanent resident of the United States.
  • Some policies are group policies. This means you can not take the policy with you if you leave the group.
  • A higher number of complaints to the state insurance departments relative to other companies of their size.
  • Customer service is not a strength.

Compare Globe Life Insurance With Other Companies

Use our calculator to compare Globe’s life insurance rates with life insurance quotes from other insurance companies.

How does Globe Life compare to other life insurance providers in terms of price?

Globe life insurance is just below average when pricing for people in good or excellent health. Rates are roughly double the cost of other better-rated insurance companies.

The rates for a term-life policy vary depending on your state. For example, Globe life insurance offers $1 premiums for the first month if you are a healthy 35-year-old living in Florida.


Coverage Amount35-Year-Old Female40-Year-Old Female

Policy comparison: A 35-year-old female with a 10-year term for $100,000 would pay $7.31 per month with Transamerica, $9.42 each month for a 20-year term from North American Life Insurance Co., and $18.28 monthly for a 40-year term life insurance policy from Banner Life to put things in perspective.


Coverage Amount35-Year-Old Male40-Year-Old Male

Policy Comparison: A 35-year-old man with a 10-year term for $100,000 would pay $8.34 per month with Transamerica, $10.74 each month for a 20-year term from North American Life Insurance Co., and $21.03 monthly for a 40-year term life insurance policy from Banner Life to put things in perspective.

Globe Life Insurance Reviews And Complaints

Unfortunately, Globe Life Insurance Company has received a significantly higher number of complaints than is typical for an insurance company of its size.

Every year, the National Association of Insurance Commissioners (NAIC) compiles insurance companies’ complaint ratios. The complaint ratio measures how many complaints a firm receives compared to its market share. The NAIC subsequently assigns each company a complaint index score that indicates how it ranks against other businesses in the same industry.

A company with an average number of yearly premium-related complaints will receive a score of 1.0. An index score above 1.0 is considered poor, whereas a score below 1.0 indicates that the insurer received fewer allegations than typical for its size.

In 2022, Globe Life’s complaint index for individual life insurance was 2.80, which is abysmally low. It had more than three times the average number of complaints compared to competitors with a comparable market share. When we examined the issues, the majority were about policyholder service. Issues included difficulties with how life insurance claims were handled, surrendering policies, and billing.

Global Life Insurance Reviews


In summary, Globe Life Insurance provides basic life insurance options with the convenience of no medical exams. However, when compared to other companies, they might fall short in terms of policy variety, coverage amounts, and long-term cost efficiency. Understanding these differences is crucial in making an informed decision about life insurance. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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