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Globe Life insurance review 2020

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Choose from term, whole and children’s whole life insurance — all without taking a medical exam.’s rating: 3.0 / 5.0


Get a quote if…

  • You’re on a budget or have basic coverage needs.

Pick something else if…

  • You need more than $100,000 in life insurance.

18 to 70

Issue Age

$5,000 to $100,000


No – simple application

Medical Exam Required


Free quote Online, Phone
Policy options Term, Whole, Children's insurance
Term lengths 5 year level term
Monthly cost As low as $3.49 a month
Claim methods Mail
Ratings A.M. Best: A+ (Superior)** rating as of 7/18
Available states All states
Customer support Phone, email, mail, social media
Riders None

Expert review

Katia Iervasi

Review by

Katia Iervasi is a writer from sunny Sydney, Australia. Her writing — and curiosity — has taken her around the world, and she now calls chaotic, creative New York home. With a journalistic eye for detail, she navigates insurance, mortgages and finance for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Globe Life is ideal for those who are looking for a streamlined application, and a small amount of coverage — up to $30,000 for children’s whole life, $50,000 for whole life or $100,000 for term life.

While you can forgo the medical exam, the insurer doesn’t offer many riders and has a poor customer reputation.

What types of insurance coverage does Globe Life offer?

Globe Life sells three types of policies, and none require a medical exam:

  • Term life insurance. Term policies provide protection for a set period of time, and you can purchase a policy valued between $5,000 and $100,000.
  • Whole life insurance. This policy offers lifelong protection and builds cash value over time. You can buy up to $50,000 in coverage, and your rates will stay the same for the life of the policy as long as you pay your premiums.
  • Children’s whole life insurance. With this policy, the coverage tops out at $30,000. After the first month, premiums are based on your child’s or grandchild’s age at the time of purchase.

Does Globe Life offer burial insurance?

Yes. Globe Life’s whole life insurance policy doubles as burial insurance. It’s available to seniors aged 50 to 80, and in coverage amounts ranging from $5,000 to $50,000. It also accumulates cash value over time.

Unlike most final expense policies, Globe Life’s doesn’t have a waiting period — which means your beneficiaries will receive the full death benefit regardless of when you pass away.

What riders can I add to my policy?

Globe Life doesn’t give much information on its website about policy add-ons. However, it does mention a few riders available for government employees’ group life insurance policies:

  • Deposit fund rider. Available on policies paid by automatic bank drafts, this rider deposits funds into an account with at least a 3% interest rate for the life an in-force policy.
  • Accidental death benefit rider. Pays an additional benefit if the policyholder dies in an accident.
  • Children’s term rider. Pays a set amount if your child dies.

If you want to customize your standalone coverage with add-ons like an accelerated death benefit or waiver of premium rider, you may need to look elsewhere.

How much does Globe Life cost?

Using Globe Life’s quoting tool, we reviewed rates for a $100,000 term policy based on a healthy, nonsmoking man and woman. The sample rates are for a term-to-age-90 policy, which lasts between one and five years depending on when you purchase your policy.


Globe Life advertises its $30,000 children’s whole life policy and $100,000 term life policy cost $1 for the first month of coverage. After that, the rates are adjusted based on the policyholder’s age.

Pros and cons of Globe Life


  • No-exam policies. Customers don’t need to take a medical exam to purchase a policy, which is appealing for high-risk applicants or those who need coverage right away.
  • Accessible entry point. To make life insurance affordable for more people, Globe Life offers coverage starting at $5,000.
  • Long free look period. After you buy a policy, most insurers give you 10 days to change your mind — but Globe Life has a 30-day money back guarantee.
  • Highly rated financial strength. Globe Life has an A+ (Superior) rating with AM Best, meaning it has the cash reserves to pay out claims.


  • Low maximum coverage amounts. Death benefits are capped at $50,000 or $100,000 depending on the state you live in, which might leave you underinsured.
  • Lack of transparency around riders. Representatives told us that some applicants may be eligible for extra riders, but this information isn’t readily available on the website.
  • Short customer service window. Agents are only available by phone on weekdays during business hours.
  • Poor customer reputation. The insurer is known for its poor customer service and delayed claim payments.
  • No conversion for term life policies. Unlike most competitors, Globe Life doesn’t allow you to upgrade your term life policy to permanent coverage.

Compare life insurance companies like Globe Life

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Globe Life reviews and complaints

Globe Life is accredited by the Better Business Bureau (BBB), which awards it an A+ rating. The BBB records 68 complaints over the last three years, many of which had to do with a lack of communication during the claims process and inability to receive refunds or payouts. Less than half of those complaints were addressed by the company. Customers give the company 1 out of 5 stars.

Similarly, Globe Life’s complaint ratio score with the National Association of Insurance Commissioners is 2.75, which is almost three times the national average. Many of the complaints stemmed from poor communication and slow claims process.

How do I sign up?

You can apply for coverage by calling 800-742-6787, or by filling out an online form.

  1. On the homepage, choose a policy type and enter your name, address, phone number and age bracket. Click Submit.
  2. Select the amount of coverage you want to buy and click Continue.
  3. Answer a series of questions about your health and lifestyle. Click Continue.
  4. You’ll be presented with a range of quotes. Adjust your policy details as needed, and then click Continue if you’d like to proceed.

If you live in New York, you won’t be able to apply online. After plugging in your information from Globe Life’s site, you’ll be emailed information about Globe Life Insurance Company of New York and options to start coverage within two weeks.

Frequently asked questions about Globe Life insurance

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  1. Default Gravatar
    December 5, 2018

    What is the average wait time on a Globe Life life insurance policy for someone who had the policy for over 50 years and was on hospice before their passing?

    • Avatarfinder Customer Care
      December 10, 2018

      Hi MyLife199,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I went to Globe Life’s website and couldn’t find a specific answer. However, they mentioned that every claim is unique and the handling time would vary from one situation to another. They assured clients that as soon as a person starts the claims process, they work hard to take care of your needs efficiently.

      What I can suggest is for you to make a claim now to ensure that your request is processed as soon as possible. You can then follow up on the status of your claim by calling Globe Life’s customer service department at 888-650-4081. Alternatively, you can also log in to your account through Globe Life’s eService Center.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


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