Globe Life and accident insurance company is an insurance company based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A Financial Strength Rating as of June 2020. Globe Life And Accident Insurance Company has executive offices in Oklahoma City and McKinney, Texas, and is a subsidiary of Globe Life.
Globe Life is dedicated to providing life and supplemental health insurance to help protect your loved ones from financial stress so they can focus on what matters most. Globe Life offers several convenient ways to purchase life and supplemental health products to suit your needs.
What does Globe Life do?
The company was founded in 1951 and is based in McKinney, Texas. Globe Life provides life insurance to over 4.3 million policyholders. The company offers whole and term life insurance policies that don’t require medical exams. It offers a 30-day money-back guarantee on all policies.
Does Globe Life have a good reputation?
Globe Life consumer reviews and complaints – While Globe Life is a legitimate life insurance company with an A+ (Superior) rating from A.M. Best, it has a disproportionate number of consumer complaints. Its 2016 NAIC Complaint Index, which measures the number of complaints a company receives against its size, was 5.10. This is their official website
How long is the term for Globe Life insurance?
How long is the term for Globe Life and Accident Insurance? For policies issued as of 1/3/2020, Globe’s Term life insurance lasts until age 90. That means your policy will remain in force through age 89. The day you turn 90, your coverage will expire, and you’ll no longer have life insurance coverage.
Is Globe Life whole life or term life?
That’s an easy one to answer: Globe Life And Accident Insurance Company provide both whole life and term life insurance plans. Term life plans are purchased for a set number of years (a term, hence the name) after which the policy ends.
What are the pros and cons of Globe Life insurance?
Globe Life insurance pros and cons
| Pros | Cons |
|---|---|
| Offers life insurance policies without a medical exam. | Far more than the expected number of complaints about a company of its size. |
| Low rates for the first month. | Relatively low coverage amounts available. |
| Can buy a policy online, over the phone, or via mail. | Can’t file a claim online. |
Does Globe Life deny claims?
Globe Life might deny your claim for as trivial a reason as a misspelled name, or getting one digit wrong on a social security number or address on the application. Globe may claim exclusions about which you and the policyholder were unaware, or that are not borne out by the facts on the ground.