The purchase of insurance isn’t usually something that people look forward to. Yet without it, even a small unexpected event could turn into a major financial catastrophe.
While our Globe Life Insurance Company review is here to help you understand this one company, it is so important to not only have the right insurance coverages but to obtain that protection from the right insurance company.
Knowing that the insurance carrier will be there if or when the time comes to file a claim can provide you or your loved ones with the peace of mind of knowing that the financial payout will be made – and promises will be kept.
With that in mind, it is important to review thoroughly an insurance carrier before taking that next step and purchasing an insurance policy. Doing so should include taking a look at the financial strength of that insurer, as well as its reputation for paying out its past policyholder claims.
One insurance carrier we reviewed for our list of the best term life insurance companies that has a longstanding and extremely positive reputation in the industry for many years for being financially strong and for paying out claims to its policyholders is Globe Life and Accident Insurance Company.
Table of Contents
- The History of Globe Life Insurance Company
- Globe Life Insurance Company Review
- Financial Strength Ratings and Reviews for Globe Life Insurance Company
- Insurance Products Offered by Globe Life
- How and Where to Get the Best Quotes on Life Insurance Coverage
- The Bottom Line – Globe Life Insurance Company Review
The History of Globe Life Insurance Company
Globe Life was founded in 1951 with just $60,000 in borrowed capital – and today, the company has more than $80 billion of insurance in force.
One of the key missions of this large insurer is to secure life insurance protection for its policyholders both now and in the future. And because of that mission, the company has grown to be one of the most reputable and prominent insurance companies in the U.S.
Globe Life Insurance Company Review
Globe Life and Accident Company prides itself on being a “hassle-free” company to work with. It also promotes the wide variety of different products that it offers so that customers have many options based on whatever phase of life they are in.
The products that are offered through Globe Life can be purchased in some different ways – including through the mail, online, or over the phone, and many of these coverages require answering just a few simple health-related questions to qualify.
Globe Life and Accident Insurance Company makes it very easy for its current policyholders to access their policy information 24 hours per day. This can be done online. In being able to get to their policy information via the Internet, consumers can make payments, view their premium information, see their policy details, update their mailing address and other contact information, as well as perform other functions.
Policyholders of Globe Life can also contact a customer service representative if they have any additional questions or needs. Reps can be contacted in some ways, including through a toll-free phone number, direct email, and/or an emailed form.
Financial Strength Ratings and Reviews for Globe Life Insurance Company
Globe Life and Accident Insurance Company is considered to be both financially stable and sound regarding paying out claims to its policyholders. For this reason, the company is rated (as of July 2018) with an A+ by A.M. Best Company. This rating is considered to be Superior for financial strength, management skills, and integrity.
In addition, Globe Life and Accident Insurance Company has also been an accredited business through the BBB (Better Business Bureau) ever since January 1, 1952. The BBB has given the insurer a grade of A+, which is on an overall grading scale of A+ to F. This is the highest possible grade.
Throughout the past three years, Globe Life and Accident Company has closed roughly 372 total complaints via the BBB, of which 99 of those were closed within the past year. Of the 372 complaints, 233 of those had to do with the company’s product and/or service, another 68 of those had to do with billing and/or collection issues, 54 had to do with advertising and/or sales issues, 9 dealt with delivery issues, and the remaining 8 had to do with guarantee and/or warranty issues.
Insurance Products Offered by Globe Life
Globe Life offers many different life insurance product options to choose from. This can help customers to “custom build” the protection that works the best for them – and to switch to a different policy and/or add protection if or when their needs happen to change over time.
Insurance coverage provided through Globe Life and Accident Company includes the following:
- Accidental Death
- Children’s Whole Life Insurance
How and Where to Get the Best Quotes on Life Insurance Coverage
If you are ready to move forward with the purchase of an insurance policy, we can help. We work with many of the best life insurance carriers in the marketplace today – and we can assist you in coming up with all of the key details that you will require in making a well-informed purchase decision.
We understand that the purchase of life insurance can seem a bit overwhelming. There is a lot to think about during the buying process – and you want to make sure that you will be getting the right type and amount of coverage.
The Bottom Line – Globe Life Insurance Company Review
Globe Life and Accident Insurance Company emerges as a formidable contender in the insurance realm, with its deep-rooted history, financial robustness, and commitment to customer-centric services. Its A+ ratings from both A.M. Best Company and the Better Business Bureau underscore its trustworthiness and reliability.
Additionally, the company’s diverse product offerings cater to a range of customer needs. Nevertheless, as with any significant financial undertaking, potential buyers should meticulously research and weigh their options, ensuring they choose the most appropriate coverage tailored to their unique circumstances.
Globe Life stands as a credible option in a buyer’s journey to secure peace of mind.
How We Review Insurance Companies:
Good Financial Cents systematically reviews U.S. insurance companies, emphasizing policy offerings, customer experiences, and overall reliability. Our goal is to present a balanced and comprehensive perspective to potential policyholders. Editorial transparency remains a cornerstone of our approach.
We actively collect information from insurance companies and place significant weight on customer feedback. By integrating this feedback with our research, we can offer a well-rounded evaluation. Each company is then rated based on multiple criteria, resulting in a star rating from one to five.
For a deeper understanding of the criteria we use to rate insurance companies and our evaluation approach, please refer to our editorial guidelines and full disclaimer.
Product Name: Globe Life Insurance Company Product Description: Globe Life Insurance Company, established in 1951, has grown to manage over $80 billion of insurance, offering a diverse range of products from term life to Medicare Supplement Plans. With a user-friendly platform, they emphasize ease of purchase and policy management for their customers. Summary Starting its journey with a mere $60,000 in borrowed capital, Globe Life Insurance Company has significantly expanded its reach and product range over the decades. They pride themselves on providing “hassle-free” services, enabling customers to purchase and manage policies online, by mail, or by phone. With an array of offerings, they cater to various life stages and needs, ensuring that their customers find a tailored fit for their insurance requirements. Pros Cons
Globe Life Insurance Company Review
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