Globe Life Insurance Review & Complaints: Life Insurance (2023)

Offering affordable and simple life insurance, among other products, Globe Life is an entirely direct-buy insurance company with no agents. They present themselves as an easy and hassle-free choice for cheap life insurance.

In this Globe Life Insurance review, we will look at Globe life insurance rates and how to find Globe life insurance quotes, as well as covering everything else you need to know.

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Table of Contents

What Globe Life Insurance products are available?

Globe writes life insurance and small range of life insurance other related products. Their main business is in simple term life.

Life Insurance

Globe writes both term and whole life insurance for adults and insurance for children. They offer a basic life insurance policy with relatively low death benefits in return for an easy qualification process.

Adult life is available in term up to $100,000 of coverage, and in whole up to $50,000 of coverage. All policies can be issued with only a few basic health questions and no medical exam. Globe promises $1 for the first month of coverage, but this does not reflect the actual monthly premium.

Children’s life is available up to $20,000, a whole life plan with a cash accumulation account.

Please Note – anyone looking to purchase life insurance should understand the cost and benefit differences between term and whole life insurance.

Accidental Death Insurance

Globe writes easy-issue Accidental Death insurance offering $250,000 in coverage. These policies require no medical exam and can be issued to those between 18 and 69. Plan not available in all states.

What additional products are offered?

There are a few other coverage options that can be purchased from Globe Life.

Mortgage Protection Insurance

Coverage from $50,000 to  $350,000 for accidental death is available through Globe’s Mortgage Protection Insurance. This product is designed to cover mortgage payments in the event of accidental death.

Medicare Supplement Insurance

Globe also offers a Medicare Supplement policy. This product covers costs that are not covered under Medicare, including coverage for deductibles, co-pays, and hospital costs.

How to Get Globe Life Insurance Rates

Globe Insurance does not write policies above $100,000 for term life, therefore we are unable to provide a comparison based on our standard rate sample.

Globe does offer the first month of coverage at $1 for the first month; thereafter a $100,000 term policy for a 30-year-old man living in California is $37.53 per month. The quoting system does not say how long the term is to which this quote relates.

It should be noted that this quote is for a policy that doesn’t require a medical exam, so while it’s easier to get approved, rates can be expected to be a little higher overall.

What is Globe Life’s financial strength?

Rating Company	Grade	Financial Outlook
AM Best	A+	Stable
Fitch	A+	Stable
S&P	AA-	Stable

What is Globe Life Insurance’s company summary?

Globe Life and Accident Insurance was founded in 1951 with $60,000 in borrowed funds. Initially offering coverage in rural Oklahoma, the company has grown to provide insurance across the nation.

Globe writes basic and easy to obtain life insurance policies for adults and children, as well as a few similar products. They advertise as offering $100,000 in coverage for only $1 for the first month, targeting those who want a policy quickly and at low cost.

Policies are entirely direct-buy, meaning there is no licensed insurance agent. All of the process is taken care of online or through the mail, and the company doesn’t require medical exams.

Globe’s headquarters is in Oklahoma City, however, the company is licensed in every state with the exception of New York. They offer online quoting and policy issuing, with a quote system that requires some basic personal information, including name and address. The Globe Life Insurance number for customer service is 1-800-811-3927.

Claim Process for Globe Life Insurance

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

When it comes to filing a claim with Globe Life Insurance, policyholders have multiple options available. The claims section of the Globe Life website provides clear instructions for filing a claim for each of the companies in the group. Customers can also initiate claims through phone communication.

Globe Life Insurance offers an eService Center, which allows policyholders to use their Globe Life insurance login to manage account information, policies, and check the status of a claim online. This variety of options makes it convenient for customers to report claims in a way that suits their preferences.

Average Claim Processing Time

Globe Life Insurance doesn’t specify an average claim processing time on their website. Claim processing times can vary depending on the complexity of the claim and the documentation required. However, for specific information on claim processing times, customers can contact Globe Life Insurance directly through their Customer Service Department at 1-888-650-4081.

This will provide them with the most accurate and up-to-date information regarding the speed at which their claims will be processed.

Customer Feedback on Claim Resolutions and Payouts

While the article doesn’t provide specific customer feedback on claim resolutions and payouts, it’s essential to highlight the significance of customer reviews and testimonials in evaluating an insurance company’s claims process.

Potential policyholders are encouraged to research customer reviews and ratings on trusted review websites and the Better Business Bureau (BBB) to gain insights into other customers’ experiences with Globe Life Insurance.

Capabilities of Globe Life Insurance in Digital and Technology

Mobile App Features and Functionality

Globe Life Insurance offers a mobile app to enhance customer convenience. However, the article does not provide specific details about the features and functionality of the app.

Customers interested in utilizing the mobile app should download it from their respective app stores and explore its capabilities, which typically include policy management, claims tracking, and easy communication with the insurance company.

Online Account Management Capabilities

Globe Life Insurance provides online account management capabilities to its policyholders. These capabilities enable customers to access and manage their policies, review billing information, and make payments online. The specific features and functions of the online account management system can vary, so customers are encouraged to log in to their accounts to explore the available options.

Digital Tools and Resources

The article does not provide detailed information about the digital tools and resources offered by Globe Life Insurance. However, many insurance companies provide digital tools such as calculators for estimating coverage needs, educational resources about insurance products, and frequently asked questions (FAQs) sections on their websites.

Customers interested in accessing these digital resources can visit the Globe Life Insurance website for more information.

Globe Life Insurance: What’s the bottom line?

Positive
Globe Life offers consumers an avenue for buying life insurance without a medical exam. This can be beneficial for people who have had trouble getting insured through other companies. There are still medical questionnaires that must be filled out honestly, but it gives people without other options a chance to get life insurance coverage and invest in their future.

Negative
Unfortunately, it appears that their rates go up quite a bit after that first month, and can be slightly more expensive since they do not require an exam.

Recommendation
Anyone looking for a good entry term insurance policy will find a good place with Globe. They do not require a medical exam, and their 100k maximum will be enough to provide peace of mind for a good number of people.

Now that you are secure knowing all about Globe Life Insurance, get some free life insurance quotes here. Enter your ZIP code to get started.