Globe Life Life Insurance Review

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Edited byVictoria Copans
Edited byVictoria Copans

Updated: May 22, 2024

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MoneyGeek’s Take: Is Globe Life Right for You?

Globe Life Insurance offers a range of life insurance products with affordable coverage amounts ranging from $5,000 to $350,000. The provider doesn't require any medical exam and has a fast approval process. Policyholders may get coverage the day they apply.

Given its relatively low coverage caps, Globe Life is ideal for those with smaller coverage needs. It offers term life and traditional whole life plans, so it may work for you whether you're looking for short-term or lifetime coverage.

However, Globe Life does not offer universal life policies, so if you're looking for the flexibility provided by this policy type, State Farm is worth checking out instead.

At a Glance: Globe Life Life Insurance

Globe Life



Online application available for term life policies


Offers several policy types


Doesn't require medical exam



Has low coverage caps


Has a high customer complaint index


Offers limited policy customization


Globe Life has been around since 1900 and offers simplified issue term and whole life insurance policies. Its term life policies offer coverage amounts ranging from $5,000 to $100,000. The whole life policies provide permanent coverage with premiums that remain level throughout the policy’s lifetime, with coverage amounts from $5,000 to $50,000. The company also offers Mortgage Protection Insurance, which is an accidental death and dismemberment policy with a coverage cap of $350,000.

Globe Life's policies do not require a medical exam — applicants only need to answer a few health questions to qualify for coverage. The company also offers children's whole life insurance policies and an optional accidental death rider that can be added to whole life policies. There is a 30-day money-back guarantee for all policies, so you can cancel within 30 days for a full refund if you're not satisfied.

According to the National Association of Insurance Commissioners (NAIC), Globe Life's complaint index is 6.55, which is higher than the national average of 1. Globe Life offers coverage in 49 states and the District of Columbia, while its subsidiary, Globe Life Insurance Company of New York, issues policies in New York.

Key Takeaways

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Globe Life offers several life insurance policy options to suit your individual requirements, such as term life, whole life and final expense insurance.

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Globe Life issues policies for both adults and children.

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The company does not provide universal life insurance policies, and its plans offer limited flexibility.

Globe Life Policy Options Explained

A recent Insurance Barometer Study by LIMRA found that 44% of American adults would struggle financially within six months of a primary breadwinner passing away. If you're looking to protect your family for the future, Globe Life may offer policies that are a good fit for your needs.

Term Life Insurance Options From Globe Life

Term life insurance offers protection for a specified period of time or term. It is often more affordable and cost-effective than other types of life insurance. Unlike permanent life insurance policies, term life plans do not build up cash value and only pay out the death benefit if the insured passes away during the policy term.

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    Term Life Insurance

    Globe Life's term life insurance policy provides coverage from $5,000 to $100,000, with premiums starting at $3.49 per month. Rates are based on your age at issue and are guaranteed for the life of the policy. Globe Life does not require medical exams and allows you to easily apply for term policies online.

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    Mortgage Protection Insurance

    The company also offers Mortgage Protection Insurance, a special accidental death and dismemberment insurance, with available coverage amounts ranging from $50,000 to $350,000. This policy is designed for homeowners who want to make sure the cost of their mortgage is covered if they die in an accident.

    Applicants are guaranteed mortgage protection coverage, regardless of health, if they are between 18 and 69 years old. This plan also includes an inflation benefit, meaning that the benefit amount increases by 5% of the initial principal benefit each year that the policy remains in effect until it reaches 125% of the initial principal benefit or the insured turns 70, whichever comes first.

Term life insurance policies are best for those looking for affordable, straightforward coverage for a specific amount of time. This type of insurance is ideal for young families who need coverage for a specific time period, such as to pay off financial obligations like a mortgage or to provide income for children until they are grown. Homeowners and individuals with a high-risk lifestyle may also find that a term life policy works for their needs.

Whole Life Insurance Options From Globe Life

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life.

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    Globe Life's traditional whole life insurance offers relatively small coverage amounts ranging from $5,000 to $50,000 and includes a savings component that accumulates cash value over time, which can be borrowed against in the future. Premiums are locked in at issue and never increase.

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    Globe Life also provides whole life insurance policies for children, with coverage options between $5,000 and $30,000. Rates are based on the child's age at issue and are locked in for their entire lives. Like the adult whole life insurance plan, the children's plan does not require a medical exam and includes a savings component that can be used for future expenses such as college tuition.

Whole life insurance policies are suitable for individuals who want permanent life insurance coverage, as they provide a guaranteed death benefit no matter when you pass away. They also build cash value over time, which may be attractive to those who want to invest and grow this value.

Final Expense Insurance Options From Globe Life

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    Globe Life offers final expense insurance to help older adults provide coverage for end-of-life expenses, such as funeral costs or remaining debts. The company offers limited information on its website, but it supports applications either online or by mail.

Final expense insurance is best for seniors and is designed to provide coverage for end-of-life expenses such as funeral costs and medical bills.


Globe Life’s Life Insurance Riders

Life insurance riders can be added to your life insurance policies for an additional cost. They provide protection beyond the base policy. Globe Life offers the following rider:


Accidental Death Benefit Rider

Provides an additional death benefit if the insured dies in a covered accident. This can be
added to Globe Life's term and whole life policies and is ideal for individuals with high-risk
lifestyles or jobs.

How to Get Globe Life Life Insurance

The following sections include guides on how to purchase life insurance from Globe Life and what to do if you are denied coverage.

How to Buy Life Insurance From Globe Life

Do Your Research

The first step in buying life insurance from Globe Life is to determine how much coverage you need based on factors such as your income, debt and future financial needs.

Compare Quotes

Take a look at the different life insurance policies offered by Globe Life in your area, as specific coverage options may vary. You can get a free online quote on Globe Life's website. It's also wise to compare quotes for similar policies from other providers to make sure you're getting the lowest rate.

Health Check

Globe Life does not require a health check for its policies, but you will need to fill out a health questionnaire for most policies so that the company can assess your risk and determine your insurability.


After choosing a policy and submitting an application, Globe Life will review your application and health questionnaire. It may contact you to clarify or request additional information to help determine your premium. Once your application is approved and your initial premium payment is made, your coverage will go into effect.

What to Do if Globe Life Insurance Denies You Coverage

If Globe Life denies your application, you can follow these steps:

Contact Your Broker

Reach out to a Globe Life agent to ask for the reason. This will give you some insight into what happened and how you might be able to fix it.

Lifestyle Changes

Adopting a healthier lifestyle, such as quitting smoking, improving your diet or exercising regularly, may help you get approved for coverage if your health was the reason you were denied.

Explore Other Options

If you're denied coverage by Globe Life, you may want to consider applying for coverage from another insurance company. Guaranteed acceptance policies, for example, will be easier to get coverage for. However, they are generally more expensive and provide less coverage.

Frequently Asked Questions About Globe Life Life Insurance

We've compiled some of the most frequently asked questions about Globe Life Life Insurance to help you as you weigh your options.

Can you borrow from your Globe Life life insurance policy?
What’s the maximum amount of life insurance coverage available from Globe Life?
Do life insurance policies from Globe Life pay dividends?
Can you get life insurance from Globe Life if you have cancer?
Do life insurance policies from Globe Life cover death by drug overdose?
Do life insurance policies from Globe Life cover death by suicide?