Globe Life Insurance Review

Shawn Plummer

CEO, The Annuity Expert

Shopping for the best affordable life insurance policies and considering Globe Life Insurance? Well, you’ve come to the right place if your buying a policy because we’ve researched for you. After reading this review, help yourself with the free quotes below and apply for coverage without the hassle.

Whole life insurance, term life insurance without a medical exam, and accidental death coverage are all available through Globe Life. Continue reading to learn more about each of these products and how Globe Life’s rates compare.

If you’re looking for final expense insurance with minimal underwriting, Globe life insurance can help. If you’re healthy, you should compare quotes from other places. That is because you can find a better price and more options for insurance.

Globe Life Insurance Pros and Cons

Pros

Cons

  • Globe Life only offers Globe life insurance products. No variety.
  • Options are minimal.
  • The cost is expensive compared to other insurance companies.
  • You need to get a quote from a life insurance agent for permanent insurance.
  • You can only choose 10, 20, or 30 years for term insurance.
  • Coverage maximum amounts are limited to $100,000. You are directed to AIG for any coverage above that.
  • $5,000 is the minimum coverage amount.

Globe Life Insurance Plans

Term life insurance, whole life insurance (for adults and children), and accidental death coverage are all available from the Globe Life and Accident Insurance Company.

Globe whole life insurance

You don’t need a medical examination to buy Globe Life’s whole life insurance, but you will be asked about your health during the application process. Because underwriting is restricted, so are the death benefits. But if you’re seeking final expenditure coverage, this may be enough.

The cost of a funeral varies widely, depending on the type of casket and where you’re buried. The average cost is around $10,000. Payouts from Globe Life start at $5,000 and go up to $50,000 in increments of $10,000.

The cash value will not be added to the death benefit, but it will grow at a set percentage each year. You have the option of borrowing against or surrendering the policy after you’ve accumulated enough money.

Globe term life insurance

In comparison to whole life insurance, Globe’s term life insurance policies are far less expensive and have a significantly reduced level of coverage. You can get $5,000; $10,000; $20,000; $30,000; or $50,000 in coverage with this policy.

Globe Life accidental benefits insurance

Accidental death insurance is available through Globe Life. The initial death benefit for this coverage is up to $250,000. This benefit rises by 5% each year for the first five years or until you reach age 70, whichever comes first.

If you’re between the ages of 18 and 69, your accidental death coverage has a 99% chance of being accepted. There are no health questions or medical exams during the application process because of this protection’s guarantee of acceptance if you’re between the ages of 18 and 69.

The Solution

Run a life insurance quote below with our quoting tool. Unlike Globe Life Insurance, you can compare from 18 insurance companies. From those 18 companies, you can choose between supplemental and permanent insurance, including:

By offering these options, you can find the best life insurance policy at the cheapest cost and save money.

Buying Life Insurance

Shopping and comparing quotes from multiple companies is the first step in purchasing a life policy. The process is very similar to shopping for auto insurance.

The best rates are the policies with the cheapest rates since life insurance is primarily for death benefit planning.

I would recommend purchasing life insurance with a company that maintains an A.M. Best rating of “A-” or above.

We do not hand-select the insurance companies. We use a 3rd party software that generates unbiased quotes to benefit you. We also include universal life, whole life, and final expense insurance.

Compare Globe Life Insurance Quotes With Other Insurance Companies

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

Find Life Insurance Coverage with No Medical Exams

Apply for affordable life insurance with no medical exams. Then, apply for same-day coverage in less than 10 minutes.

What makes us different from Globe Life Insurance?

You can generate a life policy comparison from 18 insurance companies, most of which are “A” rated. We use a third-party software company that generates the results for you. You get to control which policy you’d like to purchase without the hassle.

Shawn Plummer

CEO, The Annuity Expert

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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