Globe Life And Accident Insurance Company Review

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While its policies aren’t the most affordable or robust, Globe Life is a financially solvent provider with solid customer experience ratings offering quick no exam coverage.

A.M. Best




J.D. Power


The Good

  • Financial security
  • No exam coverage
  • Straightforward policy options
  • High consumer satisfaction ratings
  • Brand recognition
  • Online quotes and application

The Bad

  • Non-competitive rates
  • Premium increases over time
  • Limited policy lineup
  • Small face amounts
  • Vague policy details online

Product Availability

Policy Types
  • Term
  • Whole
  • Children’s
  • Accelerated death benefit
  • Accidental death
  • Children’s term
  • Waiver of premium

Review Breakdown





Financial Strength


User Experience


Product Availability





Before you choose a life insurance provider, you need to consider the cost of coverage and the value provided by its policies.

You’ve probably heard the Globe Life slogan: $1 buys $100,000 of life insurance.

But how does Globe Life actually stack up in terms of affordability?

While you may pay an introductory $1 premium, the cost of coverage significantly increases after the first month.

If you’re a relatively healthy adult looking for a term life policy, you’ll find that Globe Life’s rates are higher than the industry average at nearly every age.

Rates on Globe Life’s renewable term policies are also subject to increase as you age.

Combined with the fact that Globe Life’s policies have more limited face amounts than many competitors, Globe Life won’t offer the most value to the average applicant.

Of all demographics, Globe Life is most suitable for children or adults looking for small amounts of coverage who may be declined for a medically underwritten policy elsewhere.

Financial Strength

When you evaluate a life insurance company, you should always explore its financial outlook.

You should choose a company you can count on to pay out your policy’s benefits if the time comes.

Credit ratings are the most valuable metric for assessing a life insurance company’s financial stability.

You can see Globe Life’s ratings from the four most esteemed agencies below.

A.M. BestA
Moody’s Baa1
Standard & Poor’sAA-

Globe Life’s rating from Moody’s suggests the company is a moderate credit risk to investors, while its scores from the other agencies are more positive.

Overall, each of these credit ratings suggests Globe Life has a stable outlook, though there are providers with more solid ratings.

Globe Life is owned and operated by the Torchmark Corp. which is traded on the New York Stock Exchange as TMK.

Torchmark is a holding company for other notable insurance companies, including:

Based on Globe Life’s decent credit ratings and association with Torchmark, the company is a fairly dependable and secure option for your life insurance provider.

User Experience

Picking the right life insurance company isn’t all about crunching numbers.

Our evaluation of each life insurance company also involves a deep dive into the experience provided to applicants, policyholders, and beneficiaries.

The company’s online resources, application, and interactions with clients should simplify the life insurance process.


One of the first places you can look to assess a life insurance company’s relationship with clients is to consumer reviews.

Two of the most trusted sources in this area are the Better Business Bureau and J.D. Power.

Globe Life has maintained BBB accreditation since 1952, and it has been awarded an “A+” based on its response to complaints, history, and transparency.

Globe Life also received a customer satisfaction index ranking of 810 on a 1,000 point scale in J.D. Power’s 2020 life insurance study.

Globe Life came in second place overall, suggesting the business is dedicated to creating a positive experience for clients.


Potential clients looking to learn more about the company will find extensive resources on Globe Life’s website detailing their history, community involvement, and financial performance.

When it comes to researching policies, the details are a bit more scarce. To find coverage amounts, age limits, and other policy basics, you’ll have to do some digging.

If you’re interested in getting more information, the website prompts you to:

  1. Get a quote and/or apply online,
  2. Connect with an agent, or
  3. Have info mailed to you

Policyholders can use the website to make payments and update their personal information.

Globe Life also has an app available for download from the App Store and Google Play Store.


Globe Life’s application process is as simple as it gets.

Since none of Globe Life’s policies are medically underwritten, applicants don’t have to deal with paramedical exams or delays in underwriting.

The application can be submitted online, independent of an agent, in a few minutes’ time.

Applicants answer questions about health and lifestyle, providing basic personal information, to receive a quote. From there, you can make a payment and sign off on the policy.

Depending on your application responses, you could have immediate coverage.

The process is slightly different for applicants in the state of New York, who have to complete a paper application or apply over the phone with an agent.

Product Availability

Globe Life offers a number of life insurance products, namely term, whole, and children’s insurance.

The company also offers mortgage protection policies, accidental policies, and supplemental health care coverage.

Here’s a closer look at their life policies.


As mentioned above, Globe Life claims you can buy tens of thousands of dollars of coverage and pay just $1… for the first month.

After the first month, premiums are based on the answers you provide in your application.

Globe Life offers no exam coverage up to $50,000 with just a few health questions to answer.

You can select from death benefit amounts of:

  • $5,000
  • $10,000
  • $20,000
  • $30,000
  • $50,000

If you need a higher amount of coverage, you’ll be directed to Globe Life’s partner, AIG Direct.

It’s important to note your premiums on term life insurance are subject to increase as you move into higher age brackets.


Globe Life’s whole life insurance product is similar to its term life counterpart.

The policy comes with minimal health questions and an initial premium of $1. These policies are also limited to $50,000 in coverage.

With a whole life product, premiums never increase, but your initial monthly cost will be substantially higher than it would with a term life policy of the same death benefit amount.

You can expect the policy to offer:

  • Level premiums
  • Guaranteed death benefit
  • Small cash value component


If you want life insurance for your children or grandchildren, Globe offers whole life policies for children.

These policies come in the following face amounts:

  • $5,000
  • $10,000
  • $15,000
  • $20,000
  • $25,000
  • $30,000

Globe LIfe’s children’s policies come with the same benefits as the whole life policy for adults, including level premiums, locked-in benefits, and an accessible cash value account.


Globe Life and Accident Insurance Company has been in business since 1951.

Friends and founders John Singletary and Ralph Reece set out to offer affordable life insurance to rural Oklahoma residents.

By 1964, the company expanded into other parts of the country, offering coverage in 36 states.

Over the next half century, Globe Life continued to further its reach and solidify its reputation.

Today, Globe Life does business nationwide. The company boasts more than $86 billion of life insurance in force, with more than 3.4 million policyholders.


Globe Life is also committed to serving the community, participating in charitable events and making generous contributions.

Over the years, the company has:

  • Supported youth baseball and softball by contributing to non-profits in partnership with the Texas Rangers
  • Paired with the Oklahoma PD to sponsor a golf tournament
  • Sponsored a Special Olympics team
  • Offered children’s soccer camps
  • Contributed to well-known charities like United Way, Make A Wish Foundation, and Habitat for Humanity.

In 2019, the company donated $873,000 to communities and organizations in need through its Make Tomorrow Better Initiative.

Brand Recognition

Globe Life has built a recognizable brand through its nationwide marketing and partnerships with major sports teams.

The brand is highlighted at Globe Life Park in Arlington, Texas, home of the Texas Rangers MLB team. Globe Life is also the official insurance company of the Dallas Cowboys.

The company is popular for its marketing efforts as well, primarily targeting seniors by mail, call center interactions, and online promotions.

Likewise, the company has a sizable presence on social media, with accounts on the platforms below:

  • Facebook
  • Instagram
  • Twitter
  • Youtube

These markers help to build the company’s credibility.


Your choice of a life insurance company should factor in input from many experts.

When we grade life insurance carriers, we use a consensus model to gauge the industry’s opinion of each carrier.

Globe Life doesn’t have a very high consensus score, despite its financial security, consumer satisfaction ratings, and brand recognition.

Globe Life does not always rank among the best life insurance companies because of the cost and limitations to its coverage.

While Globe Life attracts many elderly or high-risk individuals, it fails to keep up with the competition for most applicants.

Ultimately, the best way to decide whether Globe Life or any other provider has the best rates for you is to compare quotes.

Globe Life And Accident Insurance Company Review

(800) 654-5433
204 North Robinson Avenue
Oklahoma City, OK 73184

Company Name (and subsidiaries)

  • American Income Life Insurance Company
  • Liberty National Life Insurance Company
  • United American Insurance Company
  • Family Heritage Life Insurance Company of America


Jason Fisher

Jason Fisher is the founder and CEO of, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.