Here’s what Globe Life’s term life insurance monthly premiums look like for a California resident who wants a $50,000 life insurance policy. Globe Life only offers one rider that you can add to your policies: an accidental death benefit.Ĭompared to other life insurance companies that often provide a variety of riders such as accelerated death benefit, return of premium, family income benefit, and long-term care, Globe Life’s lack of add-on options make their policies much less customizable. This plan provides up to $250,000 in coverage and can help your loved ones with the financial burden of mortgage payments, medical bills, funeral costs, and unpaid debt. Accidental death insurance rider: Globe Life’s accidental death insurance is a rider you can add to your term life or whole life insurance.And as with Globe Life’s other insurance products, mortgage protection insurance doesn’t require a medical exam. As long as you’re between 18 and 69 years old, acceptance is guaranteed. This policy offers coverage amounts that range from $50,000 to $350,000, with rates starting as low as $5.50 per month. Mortgage protection insurance: If an accidental death or injury in your family prevents you from paying your mortgage, Globe Life’s mortgage protection insurance can come in handy.

Coverage choices for this policy range from $5,000 to $100,000.īesides the standard life insurance policies, Globe Life also offers mortgage protection insurance and an accidental death insurance rider. Final expense insurance: Also known as burial insurance, final expense insurance covers end-of-life expenses such as burial costs.You can choose between coverage amounts of $5,000, $10,000, $20,000, $30,000, and $50,000 at Globe Life.īecause whole life insurance covers your entire lifetime, it’s typically more expensive than term life insurance. This policy pays a death benefit to your beneficiaries upon your passing and accumulates cash value over time. Whole life insurance: Unlike term life insurance, there’s no end date for whole life insurance.The coverage choices are $5,000, $10,000, $15,000, $20,000, $25,000, and $30,000, and premiums start as low as $2.17 per month.Īfter the first month, rates are based on the child’s age and guaranteed to stay the same for the rest of their lives. Life insurance for children: Globe Life’s whole life policy for children builds cash value over time and pays a death benefit to beneficiaries.In other words, your premiums will increase after every five-year renewal period. Keep in mind that Globe Life doesn’t offer level-term life insurance. However, in certain states, you might not be able to purchase more than $50,000 in coverage if you’re over 60 years old. At Globe Life, the coverage amount for term life insurance ranges from $5,000 to $100,000. Term life insurance: Term life insurance is a type of life insurance that includes a specific end date - typically between 10 and 30 years.But despite these benefits, Globe Life also has its limitations - such as low maximum coverage and few rider options.

Plus, your first month’s coverage only costs $1. The company stands out from competitors because none of its policies require a medical exam. Globe Life offers a mix of permanent and term life insurance policies. Today, the company has over 16.8 million policies in force - nearly $220 billion in coverage. It’s headquartered in Mckinney, Texas, and offers insurance products to customers across the country.

Has a high level of complaints compared to similar companiesįounded in 1951, Globe Life is one of the most well-established life insurance providers in the United States.

Term life insurance rates increase every five years.Limited information on the website about each policy.

Globe life