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Globe Life Review StaffDec. 10, 2018

In a Nutshell

Thanks to helpful educational resources, a mobile app, a $1 price tag for the first month of coverage and 30 days guaranteed, Globe Life offers life insurance solutions for everyone. Its simplified issue method gives you an easy way to choose between policies that adequately cover yourself and all family members. Rates are low and there are no medical exams, enabling quick and inexpensive coverage.


  • Pay only $1 for the first month of adult or child coverage
  • No medical exams required for any plan


  • No quote calculator available online
  • More coverage only available from supplemental policies
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Best For?

If you put a high price on protecting your family and loved ones you’ll appreciate Globe Life’s policies, which grant inexpensive and fast coverage for children. For low initial and continuing rates, children and grandchildren can receive up to $20,000 in coverage without the need for a medical exam – with a policy that starts them off on the right foot while also accruing cash value over time.

Additionally, if asset protection or defense against unexpected events are primary concerns, Globe Life also has generous accidental death and mortgage protection policies. These plans also indirectly support families by continuing to cover mortgage payments and medical care costs if the unthinkable happens.


Globe Life provides insurance solutions for families, children and assets. The company emphasizes the most sensitive and demanding needs of any family to protect: property, education, medical care, and financial opportunity for growing adolescents. 

One of the best Globe Life features that directly benefits its customers is the ability to stack policies, which basically bolsters one policy by adding another to round out the coverage. This means that Globe Life plans can simultaneously complement coverage from an employer or individual plans from other insurance providers.

Globe Life also sponsors charity occasions, donates to worthy causes, and supports important events like the Special Olympics and children’s sports leagues.

An instant benefit that comes with most policies available from Globe Life is the discount received by paying only $1 for the first month of coverage. Some policies also come with level rates after the initial readjustment, meaning that you have only 2 rates for the life of your insurance term. While rates can be very low, even after the initial $1 rate deal, coverage is limited. Insurance only reaches above $100,000 for supplemental policies like mortgage protection and accidental death. Whole life for adults and children is even smaller, at $50,000 and $20,000 respectively.

Application Process

The process to apply for life insurance with Globe Life is very straightforward, and to begin you’ll need to enter your email along with some basic information. After agreeing to be being contacted by Globe Life with quotes, you’ll then need to fill out some medical information presented in a simple “Yes or No” fashion. 

For any questions during the application process, agents are available to handle any inquiries and the company phone number is displayed prominently on the website.

Policy Types and Terms 

Globe Life follows what it refers to as a “simplified issue” method of life insurance policy coverage, which results in a small number of plans but ones with broad benefits that can fulfill many different sets of requirements. The benefits begin with a $1 deal that gets customers $20,000 of children’s whole life coverage or $100,000 of adult term life coverage for the first month. This promotion period only applies for the first month, and then rates change based on the age of the person covered. Coincidentally, the first month of coverage also falls under the 30-day money back guarantee that Globe Life offers customers.

Term life policies come in sizes of $5,000, $10,000, $20,000, $50,000, and $100,000. Globe Life provides these for just $1 in the first month of coverage, and then will determine the monthly rate after that. Rates are inexpensive, with adults able to get a plan for as low as $3.49 per month. This is all possible without the need for a medical exam or waiting period.

Whole life for adults and children costs $1 for the first month for coverage of $50,000 and $20,000 respectively. These policies build cash value over time, which is ideal for giving children a head start on savings. Rates are as low as $2.17 for kids after the first month, and no medical exams are necessary.

For whole life plans, adult coverage comes in increments as follows:

  • $5,000
  • $10,000
  • $20,000
  • $30,000
  • $50,000

Child whole life plans offer coverage in the following amounts:

  • $5,000
  • $10,000
  • $15,000
  • $20,000

Supplemental insurance policies from Globe Life cover mortgages and accidental death. Both feature guaranteed acceptance for customers between the ages of 18 and 69, exemption from a medical exam, and high coverage amounts. If you’re interested in insuring against accidental death you can receive $250,000 of coverage at a cost of $1 for the first month while if you want to protect your mortgage payments you’ll be granted between $50,000 and $250,000 of coverage for as low as $5.50 a month.

Both supplemental policies include a wide range of added-value benefits, the most impressive of which is an inflation clause that adds 5% of the principal benefit’s value each year. There are also education benefits that pay 10% of the policy’s cash value to each child between the age of 15 and 22, and additional guarantees if an automobile or commercial airplane is involved in accidental death alongside others.

Help and Support

For basic information, you can turn to the wealth of educational resources available on Globe Life’s website or the mobile app, which also lets you handle account activities on the go. On nearly every page, the customer support number is available, connecting you with a friendly representative in minutes. 

Globe Life also offers a customer support email channel, which allows you to submit questions and receive a response right to your inbox. 

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In business since 1951, Globe Life has excellent ratings from A.M. Best and other agencies, who laud the company's clean record of service. Though it may seem like Globe Life provides fewer policies than the competition, its term life and whole life policies can cover children, mortgages, accidental death and more, with some impessive benefits and competitive rates.

Globe Life offers a complete range of financially flexible plans designed to help individuals and families cover their long-term insurance needs. Though you must contact customer support to receive a final term and rate, a variety of value-added benefits make it more than worthwhile. No medical exam, guaranteed coverage on some plans, competitive rates and protection against inflation are some perks that keep Globe Life policies ahead of the pack.

Physical Address

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Globe Life Center

Oklahoma City, OK 73184 StaffJun. 18, 2019
Our editorial staff is comprised of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing a life insurance provider.
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