Globe Life Insurance Company Review (2024)
As you read Globe Life Insurance reviews, you'll find that Globe Life Insurance Company offers a variety of life insurance products. Most Globe Life Insurance reviews agree that whole and term life insurance policies are its most popular. The company has an A (Excellent) rating with A.M. Best and an A+ rating with the BBB.
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Heidi Mertlich
Licensed Life Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Life Insurance Agent
UPDATED: Nov 17, 2023
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- Globe Life Insurance Company offers term, whole, children’s, and other forms of life insurance coverages throughout the U.S.
- While Globe’s term life insurance covers you for anywhere from 10 to 30 years, a whole life policy with Globe will last for your entire lifetime.
- Globe garners an A (Excellent) rating from A.M. Best and an A+ rating from the Better Business Bureau.
If you are searching for a life insurance company, you may want to learn more about Globe Life Insurance Company by reading some Globe Life Insurance reviews.
Globe Life Insurance Company offers several different types of life insurance options, including term, children’s, and whole life insurance policies. Globe Insurance is available in several different states in the U.S., and it may be a company that works well for you.
As you shop online for life insurance, be sure to compare quotes from multiple companies at once. When you compare quotes, you will be able to determine which companies offer the best rates and the types of coverage you are looking for.
Be sure to use our free quote tool above to find and compare life insurance rates from some of the best companies in your area today.
What does Globe Life Insurance offer?
Globe Life Insurance, also known as Globe Life and Accident Insurance Company, offers several life insurance products, including:
- Term life insurance
- Whole life insurance
- Children’s life insurance
- Final expense coverage
- Accidental death coverage
- Mortgage protection
Each of the products that Globe Life offers is available in several states in the U.S. Globe Life states that its goal is to help families cover their needs when it comes to car payments, rent, childcare, utilities, groceries, and other monthly bills.
Globe Life’s website allows policyholders to log in to access their information, and it also allows potential clients to get quotes for different life insurance products and speak with a company agent using the Globe Life eService online feature.
Policyholders can make their Globe Life Insurance payments on the website, which also allows individuals to speak with a Globe Life customer service representative. You can also reach a Globe Life Insurance customer service representative by calling the company’s customer service line.
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What is the difference between Globe Life Term and Whole life insurance?
As with most other life insurance companies, Globe Life Insurance Company’s term and whole life insurance policies are their most popular life insurance products. But you will want to know a bit more about each type of coverage before you decide which one to purchase.
Globe Life’s term life insurance offers coverage for a specific amount of time, which is typically anywhere from 10- 30 years. Globe’s term life insurance is designed to help reduce any financial burden your family experiences as a result of your passing. If you die during the term of your policy, your beneficiaries will receive the full amount of your death benefit.
A whole life insurance policy with Globe Life offers lifetime protection for your loved ones. Whole life policies with Globe will continue to cover you for your entire life, as long as you keep up with your monthly payments. Globe’s whole life policies also accumulate a cash value which you can use during your lifetime if you need it for unexpected expenses.
What is children’s insurance with Globe?
With a Globe Life children’s life insurance policy, you can purchase a life insurance policy for your children while they are young and healthy, allowing you to save a lot of money on monthly premiums in the future.
The monthly premiums for a children’s life insurance policy with Globe are based on your child’s age and health status. In most cases, you can expect monthly rates to be quite cheap when compared with rates for adults. You can lock in premium rates for your children now, and those rates will never change for the duration of your child’s life.
Is final expense insurance with Globe necessary?
The final expense coverage with Globe Life is a good idea for people who may not have a life insurance policy or for those who have been denied coverage based on their age or health. This type of life insurance policy helps to pay for your funeral expenses so your family members don’t have to worry about it.
If you have another type of life insurance coverage, a final expense policy may not be a necessary purchase for you. But you can speak to a Globe Life agent if you have specific questions.
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How much is life insurance with Globe?
In most cases, a term life insurance policy with Globe will be cheaper than a full policy. Depending on what you can afford to pay for a life insurance policy, you may be interested in a term policy. This is especially true if you are in your late teens or early 20s.
The table below shows the average rates for a 20-year term life insurance policy based on age, gender, and the policy amount.
Average Monthly 20-Year Term Life Insurance Rates by Age, Gender, and Coverage Value| Age and Gender | $250,000 Policy Average Monthly Life Insurance Rates | $500,000 Policy Average Monthly Life Insurance Rates | $750,000 Policy Average Monthly Life Insurance Rates | $1 Million Policy Average Monthly Life Insurance Rates | $2 Million Policy Average Monthly Life Insurance Rates |
|---|---|---|---|---|---|
| 20-Year-Old Male | $18 | $29 | $40 | $47 | $86 |
| 20-Year-Old Female | $15 | $22 | $30 | $35 | $64 |
| 25-Year-Old Male | $17 | $28 | $39 | $46 | $86 |
| 25-Year-Old Female | $15 | $22 | $30 | $35 | $65 |
| 30-Year-Old Male | $18 | $29 | $40 | $47 | $89 |
| 30-Year-Old Female | $15 | $23 | $31 | $37 | $69 |
| 35-Year-Old Male | $19 | $31 | $44 | $52 | $99 |
| 35-Year-Old Female | $17 | $26 | $36 | $43 | $79 |
In contrast to the table above, the next table shows average whole life insurance rates based on age, gender, and the policy amount.
Whole Life Insurance Rates by Age, Gender, and Policy Limit| Age & Gender | $250K Policy Limit | $500K Policy Limit | $750K Policy Limit | $1M Policy Limit | $2M Policy Limit |
|---|---|---|---|---|---|
| 25-Year-Old Female | $156 | $307 | $458 | $600 | $1,196 |
| 25-Year-Old Male | $178 | $351 | $524 | $688 | $1,179 |
| 30-Year-Old Female | $189 | $374 | $558 | $733 | $1,462 |
| 30-Year-Old Male | $213 | $421 | $629 | $827 | $1,650 |
| 35-Year-Old Female | $219 | $433 | $647 | $852 | $1,699 |
| 35-Year-Old Male | $261 | $517 | $773 | $1,020 | $2,035 |
| 40-Year-Old Female | $264 | $523 | $782 | $1,032 | $2,059 |
| 40-Year-Old Male | $328 | $652 | $975 | $1,289 | $2,574 |
| 45-Year-Old Female | $329 | $653 | $978 | $1,293 | $2,581 |
| 45-Year-Old Male | $416 | $827 | $1,239 | $1,641 | $3,277 |
| 50-Year-Old Female | $421 | $837 | $1,254 | $1,661 | $3,317 |
| 50-Year-Old Male | $531 | $1,057 | $1,584 | $2,101 | $4,198 |
| 55-Year-Old Female | $544 | $1,084 | $1,623 | $2,153 | $4,302 |
| 55-Year-Old Male | $678 | $1,351 | $2,024 | $2,688 | $5,372 |
| 60-Year-Old Female | $705 | $1,406 | $2,107 | $2,799 | $5,593 |
| 60-Year-Old Male | $865 | $1,725 | $2,586 | $3,437 | $6,869 |
| 65-Year-Old Female | $935 | $1,865 | $2,796 | $3,717 | $7,429 |
| 65-Year-Old Male | $1,123 | $2,241 | $3,360 | $4,468 | $8,932 |
| 70-Year-Old Female | $1,274 | $2,544 | $3,814 | $5,074 | $10,143 |
| 70-Year-Old Male | $1,518 | $3,031 | $4,544 | $6,047 | $12,090 |
Learning a bit more about your needs will help you determine whether you’re interested in a term or whole life policy. You will never really know how much you’ll pay for coverage until you shop around online to compare rates from several different companies.
Effortless Claims Handling With Globe Life Insurance Company
Ease of Filing a Claim
Globe Life Insurance Company provides multiple channels for policyholders to file a claim, ensuring flexibility and convenience. Customers can submit claims online through the company’s website, over the phone by contacting their customer service line, or by using the Globe Life mobile app. This diverse range of options caters to varying preferences and technological comfort levels.
Average Claim Processing Time
The efficiency of claim processing is a crucial aspect of any insurance company’s service. While specific processing times may vary depending on the nature and complexity of the claim, Globe Life Insurance strives to provide prompt claim resolutions. Policyholders can expect reasonable turnaround times, but it’s essential to consult the company for precise details on average processing durations.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback plays a vital role in evaluating an insurance company’s performance. To assess Globe Life Insurance’s claim resolutions and payouts, it’s advisable to read customer reviews and testimonials. These insights can provide valuable information about the company’s commitment to fulfilling its obligations and ensuring policyholders receive their entitled benefits.
Exploring Globe Life Insurance Company Digital and Technological Innovations
Mobile App Features and Functionality
Globe Life Insurance offers a mobile app designed to enhance policy management and customer experience. The app provides features such as policy information access, premium payment options, claims submission, and communication with customer service. Evaluating the app’s user-friendliness and the range of functions it offers can help policyholders assess its value in their insurance journey.
Online Account Management Capabilities
Online account management is a critical component of modern insurance services. Globe Life’s online platform allows policyholders to log in and access their policy details, make payments, and explore additional resources. Examining the platform’s ease of use and the extent of services available online can help policyholders determine the convenience of managing their policies digitally.
Digital Tools and Resources
In addition to the mobile app and online account management, Globe Life Insurance may provide various digital tools and resources to assist policyholders in making informed decisions. These could include calculators, educational materials, and FAQs. Exploring the availability and usefulness of these digital assets can aid policyholders in maximizing their insurance benefits.
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Does Globe Life have good ratings and reviews?
Globe Life Insurance reviews are fairly positive. Globe has an A (Excellent) financial strength rating with A.M. Best and garners an A+ rating with the Better Business Bureau. A.M. Best also gave Globe Life Insurance Company a stable outlook when it comes to future transactions.
Customer reviews for Globe Life on the BBB website are somewhat negative, but Globe has been able to close nearly 130 complaints in the past three years.
As you search for life insurance, you may find that Globe is a good fit for you and your family, but it’s still a good idea to shop around and compare prices. In fact, you can use our free quote tool below to get started in your search for life insurance today.