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Globe Life insurance review 2022

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Globe Life Insurance Company has been writing policies for more than 100 years: the company was founded in 1900 and now has more than $82 billion worth of policies in force. Globe Life has a wide range of policy types you can choose from, with riders that allow you to customize those policies to your specific needs. The company is primarily known for writing robust policies for children, among others.

  • Date established: 1900
  • Insurance products offered: 
    • Term life
    • Whole life
    • Children’s life insurance
    • Final expense
    • Guaranteed acceptance insurance
    • Accidental death
    • Mortgage protection
    • Supplemental health insurance
  • AM Best financial strength rating: A (excellent)
  • J.D. Power rating for overall customer satisfaction: 810/1,000 (second place in annual life insurance customer satisfaction index ranking)
  • Availability: All 50 states and Washington, D.C.
Pros Cons
Wide range of insurance products
No-medical-exam insurance available
Can purchase some policies online
Reduced rate for first month’s premium
Paid more than $1 billion in claims in 2020
No waiting period for policy coverage
Customer service is available only during business hours
No online chat
Higher-than-average complaint index from NAIC at 1.3
Lower than average maximum coverage limit ($100K for term; $50K for whole life)

Globe Life insurance coverage types

Globe Life Insurance company specializes solely in life insurance coverage for individuals, and its range of life insurance products is expansive. Here is a rundown of the company’s products, which are designed to meet the needs of people at different ages and in varying situations.

  • Term life insurance: Term life insurance policies give you coverage for a predetermined number of years — usually 10, 15, 20 or 30 — with a stable monthly rate and a death benefit for your beneficiary if you die during the active policy period. After the term is finished, there is no payout or death benefit.

    A term policy is often the cheapest option for you if you are looking for simple coverage that lasts a specific amount of time — such as when your children are young. Globe offers term insurance with no medical exam and a maximum payout of $100,000.

  • Whole life insurance: Whole life is a type of permanent policy that stays with you as long as you pay the premiums. In addition to providing a death benefit, there is a savings component: a portion of your premiums is placed in a savings account, earning interest, and you can borrow against this portion of the policy.

    Permanent insurance tends to be more expensive than term, and other investment options might provide a higher rate of return, but for some people, a whole life policy can be a solid addition to their financial plans. These policies also do not require a medical exam and offer a maximum death benefit of $50,000 in most states.

  • Children’s life insurance: Globe features life insurance for children that allows you to lock in a low rate for your child’s coverage. There may also be a cash value component with life for children that your child can borrow from — for example, if they need money for college.
  • Final expense insurance: Final expense policies are meant for one thing: to pay for your funeral costs and other expenses related to your death. This coverage doesn’t require a medical exam, and usually has a fairly low premium but also a low payout limit.
  • Guaranteed acceptance insurance: If you are older than 65 and wish to take out a life insurance policy, guaranteed acceptance may be a good choice. There is no medical exam or health questions required, and you can lock in your premium rate when you purchase the policy. Globe offers payout rates up to $15,000 with this type of policy.
  • Accidental death insurance: Accidental death can be a rider that you add onto an existing policy or a freestanding policy on its own. It provides coverage for the policy holder if they die as the result of a covered type of accidental death, which could be anything from drowning to getting hit by a falling tree. This coverage can be added to term or whole life insurance.
  • Mortgage protection insurance: Mortgage protection helps your beneficiaries pay off the mortgage on your home if you die. Globe’s policies include an inflation factor that increases your death benefit by 5% per year, educational benefits for your children and a payout if you are dismembered in an accident.

Globe Life insurance customer and claims satisfaction

Globe Life Insurance reviews are decidedly mixed. J.D. Power, which surveys nearly 5,500 policy holders for its annual Customer Satisfaction Index Ranking, gives Globe a high 810 out of 1,00 points, putting it in second place nationally among the life insurance companies reviewed.

But the National Association of Insurance Commissioners, an industry regulator, says that Globe Life’s company complaint index is 1.3, with anything over 1.0 meaning a higher-than-average number of complaints. Why the discrepancy? It may be that the sign-up process and pricing structure of the company is excellent, but there are issues when claims arise.

Globe has an A rating from AM Best, which monitors and assesses the financial stability of insurance companies. This is important information because a company needs to be financially strong to be able to pay out on claims. Globe’s rating indicates that its financial resources have been well-managed, which might be an indicator that your beneficiaries will receive the death benefit in a timely fashion when the time comes.

Other insurance products

Globe Life and its subsidiaries mainly focus on life insurance, although the company does offer supplemental health insurance and annuities, including the following:

  • Cancer insurance: Helps to pay for medical expenses, as well as the cost of transportation, lodging, childcare expenses and income replacement during treatment.
  • ICU insurance: Covers part or all of any stays in the ICU that traditional insurance plans may not cover.
  • Critical illness insurance: Protects you in the case of loss of income, special needs or major lifestyle changes as a result of a covered critical illness.
  • Hospital insurance: Helps to cover the costs of deductibles, coinsurance and copayments during a hospital stay.
  • Accident insurance: A lump sum payment available in the case of a major covered accident.
  • Worksite insurance: Available to business owners to offer insurance plans to their employees.

Until 2019, Globe did business as Torchmark Corporation, with Globe as one subsidiary of the company. Other subsidiaries include United American Insurance Company and Globe Life Family Heritage.


What is the best life insurance company?

The best life insurance companies in the industry offer exceptional customer service and policies at an affordable rate. There are many companies on the market, and the right company may be different for different people. A good strategy for finding the best company for you is to research several companies to see which insurer can offer you the policy you need.

How do I choose the right life insurance policy for me?

To choose the right life insurance policy, it’s important to consider the type of coverage your family may need if you die. You’ll have to decide whether you want term life with just a death benefit or if you want the cash value growth that comes with whole life plans. If you’re unsure where to start, speaking with a licensed insurance agent might be helpful.

How much does life insurance cost?

The cost of life insurance is different depending on the type of policy you’re buying. Basic term life policies tend to come at a lower rate than a more comprehensive whole life plan. Your personal characteristics will also be a factor — young, healthy people tend to pay lower rates for health insurance. Rates for the same type of coverage and coverage limits for life insurance usually don’t vary as much as other types of insurance, but it might still be a good idea to shop around to see what coverage limits you can get and what the requirements are to qualify for coverage with different companies.

How do you buy life insurance with Globe Life?

Globe Life allows you to purchase some of their insurance policies online. If you’re planning to purchase term life or children’s life insurance, you can do so online. For other policies, you can connect with a local agent to sign up.

Written by
Mary Van Keuren
Insurance Contributor
Mary Van Keuren has written for insurance domains such as Bankrate,, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.
Edited by
Insurance Editor