Best Globe Life Insurance Reviews in 2023


Do you want to know if Globe Life insurance is good or bad? Globe Life offers term life insurance for $1 for the first month of coverage as a “teaser price.” As the saying goes, if it sounds too good to be true, it probably is! After the first month, the premium is determined by the age of the insured. The maximum term length for term life insurance is 5 years.

Globe Life pricing rises every five years because your term expires when you reach a new age bracket. The level premium is valid for only five years. If you want coverage for a longer period, you’ll have to pay higher rates because premiums rise with each renewal.

Continue reading to learn more about each of these products, as well as how Globe Life’s quotes compare.

What is Globe Life Insurance

Globe Life Insurance sells to consumers both directly and through captive agents. The company provides a limited number of life insurance products for relatively small amounts of coverage: up to $100,000 in term life insurance, $50,000 in whole life insurance for adults, and $30,000 in whole life insurance for children. In some states, the maximum amounts may be lower.

Simplified-issue policies, such as Globe’s, allow you to obtain life insurance without having to undergo a battery of medical exams. Instead, you’ll be asked some questions about your medical history, and the insurer will decide whether or not to accept you based on your responses. This isn’t guaranteed-issue life insurance, where you can’t be denied; it’s simply life insurance with a lower premium.

These policies typically cost more for healthy people than standard life insurance policies, which frequently require life insurance medical exams and charge rates based on your health. However, if you would not be eligible for life insurance that required a full medical exam, these products may be a way to obtain some level of coverage.

Globe’s pricing may include a discount for the first month. The rate after that is determined by the insured person’s age at the time the policy goes into effect. Whole life policies have the same monthly cost for the life of the policy, whereas term policies have a five-year cost increase. According to Globe, a man living in Virginia will pay 25% more for a $50,000 policy.

Globe Life Insurance Application Process

Use the quote tool to apply for Globe Life insurance and select any level of coverage (up to the maximum). Your age, location, beneficiaries, and medical history are all required for the quote. If you change your mind, Globe Life offers a 30-day money-back guarantee. Call a Globe Life customer service representative for more information or assistance with the application process.

Globe Life Insurance Products

The Globe Life and Accident Insurance Company provides no-medical-exam term life insurance, whole life insurance (for adults and children), and accidental death coverage. Term and whole life insurance policies are classified as final expense insurance, which means that their limited payouts are better suited for covering end-of-life expenses rather than income replacement.

Globe Whole Life Insurance

A medical exam is not required to purchase Globe Life’s whole life insurance, but you will be asked questions about your health during the application process. Because the underwriting is limited, so are the death benefits. However, if you only need final expense coverage, this may be sufficient. Funeral expenses can easily exceed $10,000. Globe Life pays out between $5,000 and $50,000 in $10,000 increments.

The cash value will not be added to the death benefit, but it will grow at a set rate over time. You have the option of borrowing against the policy’s value or eventually surrendering it.

Globe whole life insurance cost

You pay $1 the first month, and your premiums do not change for the rest of the policy’s term. However, because no medical exam is required, premiums are significantly higher than if you purchased a policy from a full-underwriting insurer. That means no medical examination. If you know that a medical exam would disqualify you from coverage with another insurer, whole life insurance is a good option.

Globe whole life insurance restrictions

Globe Life’s whole life insurance payouts are more limited in New York. Depending on your age and gender, they range from $1,000 to $25,000.

Globe Term Life Insurance

Globe’s term life insurance also requires no medical exam and provides only a limited set of death benefits. You can get coverage for $5,000, $10,000, $20,000, $30,000, $50,000, or $100,000.

Globe term life insurance cost

While Globe Life advertises level premiums for the duration of the policy, coverage is only available for a maximum of five years. Globe Life divides policyholders into five-year age groups; once your initial term expires, you move into a new age group. Your premiums rise with each renewal. Assume you buy $50,000 in coverage at the age of 52 and keep it until you’re 70.

Globe term life insurance restrictions

Inquire about age restrictions before purchasing term life insurance from Globe Life. The company only provides coverage until a certain age, usually 80 or 90. Several customers complained that they paid hundreds or thousands of dollars in premiums, but when they reached the age of 80, they discovered they no longer had coverage.

You should also consider the coverage limits. In New York, Globe Life only provides coverage up to $50,000.

Globe Life Accidental Benefits Insurance

Globe Life provides accidental death insurance with a maximum death benefit of $250,000. This benefit grows by 5% per year for the first five years of the policy, or until you reach the age of 70, whichever comes first.

Its accidental death coverage is guaranteed acceptance if you are between the ages of 18 and 69, which means no health questions or medical exams are required during the application process.

As you might expect, Globe Life’s accidental death coverage pays claims only if the accident falls within the company’s definition. Car accidents and choking incidents fall under the category of “accidental death,” whereas cancer does not.

Globe Life Accidental Benefits Insurance Cost

Premiums are fixed for the rest of your life and may appear to be less expensive than other types of life insurance. However, Globe Life restricts the number of times you can be paid a claim. Accidents accounted for only 5.4 percent of deaths in 2015, according to the Centers for Disease Control. The vast majority of fatalities were caused by diseases or medical conditions.

Globe Life Accidental Benefits Insurance Cost Restrictions

Accidental death insurance is not available in all states. If you live in New York, Globe Life has a different structure for accidental death coverage. There is no premium for the first year, and after that, coverage costs only $10 per year. The death benefit, on the other hand, is extremely limited.

Globe Life Insurance coverage

Globe Life insurance offers life insurance for both adults and children. Policies for adults are available for those up to 75 years old at the time of sign-up; policies for children are available for those 25 and under, though age restrictions for whole insurance policies for children vary by state.

Its children’s life insurance can provide benefits of up to $30,000. There is no waiting period with Globe Life’s life insurance for adults, and coverage amounts range from $5,000 to $50,000.


Healthy adults may pay as little as $3.49 per month for Globe Life life insurance, though rates are likely to be higher depending on the amount of coverage you choose, as well as your age, income, location, and health history. Life insurance for children can cost as little as $2.17 per month for a family, though you should expect to pay between $5 and $14 per month for this type of coverage.

Globe Life does not require medical exams, but when applying, customers should be honest about their medical history. Make sure to disclose any preexisting medical conditions during the application process; otherwise, the company may refuse to pay the death benefit.

Globe life insurance reviews: Pros and Cons of globe life insurance

While Globe Life is a legitimate life insurance company with an A+ (Superior) rating from A.M. Best, it has received an unusually high number of consumer complaints. Its 2016 NAIC Complaint Index, which compares the number of complaints received by a company to its size, was 5.10.

The national median is 1.0, indicating that Globe Life receives far more complaints than would be expected for a company of its size. Despite accounting for only 0.29 per cent of the individual life insurance market, it received 2.83 percent of all complaints.

Many Globe Life customers reported difficulty contacting customer service or receiving satisfactory assistance.

In contrast, the company’s sales team is extremely persistent in making calls and sending materials.

If you have a life insurance policy, ensure that your beneficiary has all of the information needed to file a claim, as well as the details of your premium payments. Some Globe Life customers reported that their parents were unable to make payments due to illness or dementia and that they had difficulty reinstating coverage after the policy expired. You don’t want to spend years paying for benefits that your family will not receive after you pass away.


  • Globe Life Insurance is a large insurance company in the United States with 2 subsidiaries:
    • Liberty National Life Insurance
    • Family Heritage Life Insurance
  • They offer term, whole, and universal life insurance policies.
  • They do offer a no medical exam policy.


  • Globe Life Insurance only offers Globe Life 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.

Is Globe Life Insurance a good investment?

Globe Life is an excellent choice for families and individuals looking for low-cost life insurance policies. The company insure children up to the age of 25 and adults up to the age of 75. (at the time of sign-up). Globe Life gets our recommendation because of its low costs, 30-day money-back guarantee, and lack of a medical exam requirement.

Guide to Purchasing Life Insurance

Before you begin comparing providers, decide whether you want term or whole life insurance. Secondly, d etermine which life insurance riders, if any, you want included in the policy. Thirdly,  d etermine the amount of life insurance you require and how long you want the coverage to last. Check to see if the insurers you’re considering provide the coverage you require.

When comparing rates, make certain that the quotations are for the same amount of coverage during the same time period. It’s also critical to ensure that the policy’s medical standards correspond to your demands. For instance, if you want to avoid the life insurance medical exam but don’t mind answering health-related questions. Make sure the application process for each policy you’re considering is compatible.

Price may not be the most important factor in your purchase decision. Examine the number of consumer complaints received by each company. As a high number can be a red flag concerning the quality of service.


If you have a life insurance policy through your employer and are looking for a supplemental policy without having to take a medical exam, Globe Life may be a good option. There are no medical exams required for any of its life insurance plans, and you can get coverage right away with no waiting periods.

However, coverage amounts are limited, and premiums are likely to be higher than those offered by other insurance companies if you are willing to undergo a medical exam. Furthermore, Globe Life has consistently received a staggering number of customer service complaints, so it’s a good idea to carefully review the policy documents before signing any contracts or handing over any money.

FAQs about globe life insurance

How long does it take Globe Life to pay a claim?

According to Globe, it takes 10 to 15 business days for your check to arrive after your claim has been processed. If you haven’t received your check within 30 days of filing your claim, you should contact Globe directly.

How to make payments to Globe for life insurance?

Premium payments for Globe Life can be made monthly, quarterly, or annually, depending on your preferences. While direct billing is available, policyholders can also pay by Visa, Mastercard, or electronic funds transfer from their bank. The company’s online service centre makes it relatively simple to manage your payment information, set up a new payment method, and update your information.

Can you cancel Globe Life Insurance?

Yes. If you stop paying premiums on your life insurance policy, it will be cancelled.

Does Globe Life’s life insurance require a medical exam?

No, no medical exam is required to purchase any of Globe Life’s life insurance products. While this factor may be convenient, those who choose to have a medical exam with a different life insurance company may be able to get a lower premium, particularly if they are in good health.

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