Globe Life Insurance Review

Globe Life Insurance Reviews

Globe Life Insurance Review – It can be difficult sometimes to get a fair and honest review of the best life insurance companies online. There are so many paid reviews and “advertorials” out there that cannot be trusted since, after all, the life insurance company being reviewed is often the one who paid for it.

Globe Life Insurance Review

At Life Insurance Blog, we are an independent life insurance broker, and while we work with dozens of the best life insurance companies in the USA (and are familiar with many more) we are not paid to review anyone. So, today we are going to review Globe Life Insurance.

Just looking for life insurance quotes? Use our instant quoter on this page to compare from the best life insurance companies.

If you’re looking to learn more about Globe Life, keep reading.

About Globe Life

Based in Oklahoma City, Globe Life And Accident Insurance Company has been providing insurance policies since its founding in 1951. However, you may have already heard of Globe Life Insurance.

After all, they are known for advertising “$1 for $50,000 worth of life insurance coverage” (we’ll go over that soon enough).

It isn’t necessarily difficult to get a policy with Globe Life, so if you’re desperate for coverage and are not too concerned with cost, they may be a good choice. For most people, however, there are various things to consider before jumping to apply with Globe Life.

Globe Life Rates

So, how about that dollar for a $50,000 life insurance policy?


This isn’t much more than an advertising gimmick that is used to draw you (and your money) in.

What really happens is that your insurance premiums go up every five years.

This is called a “guaranteed rate schedule”, and while the premium rates may seem very cheap and appealing at first, the rates are scheduled to go up after certain intervals. In the end, you’ll end up having paid much more than you would have had to with another company.

Preexisting Health Conditions

It is also worth noting that if you have a preexisting medical condition, you should known that Globe Life does not specialize in high-risk policies. In fact, whether you’re healthy or not, this company is more likely to overcharge you since they don’t spend much time going over your medical history.

No Exam Life Insurance

No medical exam life insurance is becoming one of the most popular life insurance products in the market. For good reason too. It’s a fantastic option if you hate needles, want a policy quickly or just want to skip the inconvenience.

Globe Life advertises a “$100,000 for $1” no medical exam option. It’s similar to the previous policy that Globe Life offers. Long story short- Globe Life isn’t going to be the best value and other life insurance companies will probably get you a lower rate.

Policy Options

As far as types of life insurance go, Globe Life doesn’t quite match up to the competition. For example, Globe life only offers term life insurance. While term life policies are great options for many people, they are not for everyone. Most of the top companies therefore offer forms of permanent life insurance- like Whole life and universal life insurance as well, but to reiterate, Globe Life does not.

Globe Life Advantages

Let’s look into Globe Life’s advantages and how they may actually meet your life insurance needs.

  1. Financial Strength: Globe Life received an A+ rating from A.M. Best which is the most popular ratings agency for financial institutions. Globe Life’s A+ rating is one of the highest ratings available. Globe Life also has an A+ rating from the Better Business Bureau. These two excellent ratings should provide life insurance shoppers the confidence that Globe Life is a financially stable and strong company.
  2. Pricing: Globe Life is actually competitively prices with certain shoppers. Depending on your age and the coverage amount you choose, they might be a good value for you premium dollar.

Globe Life Disadvantages

  1. Premiums Increase: Globe Life’s term life policy is pretty unique in the life insurance world. Unfortunately, it is unique in a negative way. As a life insurance shopper, you need to know that Globe Life increases their premiums every 5 years for their term life product. An example of the premium increase for their term life to age 80 would be that the policy premiums go up at ages 45, 50, 55, 60, 65, 70, 75, with the term ending at age 80.
  2. Complaints: Shoppers love to read reviews and the Consumer Affairs is a great place to find out how consumers feel about products. Life insurance shopping is no different. Unfortunately, there many negative reviews about Globe Life and you can comb through them to get an idea of the experiences of policy owners. Now, most shoppers are not reviewing Globe Life as scamming customers, but they are expressing some unpleasant stories. With that said, life insurance is not your average product and when it works as it should- most people don’t write reviews. However, when it goes wrong- the flood gates open.

The Bottom Line

Whether or not you have a preexisting medical condition (though especially in that case), you want to make sure you are getting the best life insurance coverage for the lowest rates possible for someone in your particular situation. We work with dozens of different companies and particularly specialize in high-risk life insurance policies.

The bottom line?

There are better companies than Globe Life Insurance, we are confident that we can find you better coverage for lower rates. Visit our life insurance payout amount page to see how much coverage may cost you depending on the face amount.

Need more reviews?  Check out our reviews on State Farm, AAA Life Insurance or MetLife vs NY Life and see how they compare to the competition.

Thanks for reading our Globe Life Insurance Review. Feel give us a call at 888-411-1329 or also start getting free, customized quotes right away using the quote tool on this page.

To learn more about life insurance, make sure to visit our page Life Insurance 101 or find out how much you may end up paying for coverage on our Life Insurance Rates by Age page.

Globe Life Insurance Review

Review Date
Reviewed Item
Life Insurance Company
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Michael Quinn
Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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