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Don’t buy Globe Life Insurance without reading this article!

Most consumers cringe over the thought of purchasing life insurance, the last thing a consumer needs when searching for the best products and pricing is an ad with small fine print and or a misinformed agent promising cheap insurance.  Globe Life Insurance Company has a handful of marketing pieces that all consumers should review thoroughly before buying life insurance

  • $1 buys $50,000 of life insurance, really?  I know there are Dollar General Stores all over the country selling items for one dollar, but I don’t think that should translate into consumers believing they can actually get good cheap life insurance for one dollar. Globe Life Insurance offers the first month’s coverage for one dollar and then subsequent months are priced based on age. I would never want to protect my children or wife in case of my early demise off of a one dollar investment, would you?  And would you feel comfortable planning a funeral on that same dollar? With technology today it’s so easy to compare insurance by looking for a life insurance quote from an independent broker.
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  • Some Globe Life Insurance rates and policies are not long term level guaranteed premiums. The term pricing advertised for Globe Life Insurance is based on the first five years and  therefore you are only buying a five year guaranteed price. Unless there is a need for only five years of coverage, pricing ten, twenty and in some cases  thirty year level term policies from companies like Banner Life Insurance or Snoopy at Met Life which guarantee rates for the entire level period are probably more affordable. As an example when pricing fifty thousand ($50,000) of twenty year level term @ Banner Life Insurance,  (I am a preferred best risk) I qualify for rates under eleven dollars per month that will remain level for twenty years . Globe Life Insurance charges thirty-six dollars per month for their cheap term life insurance and no where on their website do I see that they disclose that the thirty-six dollars per month price is only good for five years, and then five years later when I turn forty-one the price increases to forty-five dollars per month and so on. ( I got this info by calling their toll free # and asking)
  • No exam applications .  For healthy folks, if you buy life insurance over the phone or through the mail and there are no medical records exchanged nor exams administered you are buying a cheaper life insurance product in which every applicant is pigeon holed into a substandard risk class on a black and white approval basis.  The no exam policies sold through Globe Life Insurance and other life insurance companies (Monumental Life, Colonial Penn, Fidelity Life) assume the consumer to be below average in health and therefore over charge the healthy for coverage. The flip side is that some consumers are not in perfect health and there are some circumstances in which a policy without physical or medical records makes sense. The best ammunition for the consumer is to compare insurance and shop. Find an independent life insurance broker who can provide multiple life insurance quotes.
  • Compare rates with a licensed independent life insurance broker. When a consumer contacts a company like Globe Life Insurance, the consumer only gets Globe Life Insurance Quotes. If the same consumer calls an independent life insurance broker like me, the consumer will get rates from all the life insurance companies which allow them to compare insurance, avoid getting cheap life insurance, and review quotes from all the top insurance companies in the world.

When shopping for life insurance it’s best to compare multiple companies. Globe Life Insurance Company is one of many that use marketing pieces that all consumers should review in depth to compare before making their next purchase. In order to insure that you are getting the best product and price seek out an independent life insurance broker who can help you obtain multiple free life insurance quotes.

18 Responses to Don’t buy Globe Life Insurance without reading this article!

  1. [...] they are A rated by AM Best. I also like to stay away from companies like, Fidelity Life Insurance, Globe Life Insurance, Americo, Prime America, NYLAARP, Foresters Life Insurance, Colonial Penn, Bankers Life, and [...]

  2. Dr. John Washington says:

    My wife just found out that with Globe Life reading the unwritten fine print is essential. She has been paying premiun on her mom for many years. To her surprise it was term that expire at age 80.

    • lena says:

      my mother died and globe life insurance will not payoff she was dismiss my mother death claim it is so wrong now i dont no what

  3. brenda chapman says:

    i have had globe life on my son since he was about 8 or so my mother started it on my 2 children and in her passing i carried over to me to pay just recently they would send me my premium and on there they would say up your policy 5000. more for just a few dollars more so i did i had gotten 25,000. on my son and in August of 2012 he had a car wreck and was killed but they are fighting me on my other 10,000. they say they have to do further medical records and investigate that wasn’t in the contract if they do not honor the rest of my money i will not recommend them to anyone

  4. I am writing thos while on hold for a service agent at Globe Life. I have been on hold for 36 minutes and still waiting to pay my premium on line. I am getting mpre furious as i wait wondering whyi have to take this abuse to pay someone. I will be giving says:

    It has now been 45 minutes and still holding and about to give up. By the way I was in the Insurance business for over 50 years and just to let you know that part of selling is not only the product but includes service. I think that you have not met at least50% of the requirements. Thank God for independent agents for service, knowledge and product information.

  5. C. Montgomery says:

    I have been a customer of Globe Life Insurance Company since 2007. I am now looking at other insurance companies. Every phone call made to Globe Life Insurance has been a 20-55 minute wait before reaching a phone agent. Globe Life has “misapplied” my payments over 3 times. I do not recommend Globe Life Insurance.

  6. timothy says:

    globe life crooked company. had life insurance on my daughter. she died heart failure and was in good health before she died,globe life wont pay funeral home.DONT BUY LIFE INSURANCE FROM GLOBE

  7. BILL says:

    I WAS GOING TO GET GLOBE INS. FOR MY FAMILY, AFTER READING SO MANY COMPLAINTS ABOUT THIS COMPANY I WANT TO THANK EVERY ONE FOR KEEPING MY FAMILY AND I FROM MAKING THE SAME MISTAKE

  8. Dee says:

    Thank goodness people get on here and expose this crooked company, saving others a great loss of time and money! Thanks to all for posting!

  9. Gloria says:

    A frien d of mine had a policy thur Globe life, , he became I’ll and past last month paid into this company for three years…we had to scrape to have a service. But such is the way of large companies they get rich on the backs of the poor. And to the customer service clerk who was rude, I pray for you.

  10. Cassandra Hicks says:

    After reading these comments I will not purchase life insurance with Global life.

  11. Hank says:

    WOW!! Thank you are for taking the time to write what you are went through with Globe life insurance. I received a request to join Globe through the mail. It sounded great until I got on here and did little homework. Thank you all for saving me the hassle, the pain and money. USMC Retired

  12. boone davis says:

    Received app for mortgage ins from globe (they gleaned the info from public records in my state) The cost was very low for $60,000 but while reading the small print I saw that the benefits were guaranteed never to be reduced until age 70. Hell, I’m 72 now! so I’m not even eligible (guess they can’t get your age from public records) This is the 3rd company that I have received information from (one was to reduce the payment amount) Anyone can pay to get your info from public records at your local courthouse. (you can get the info too – if you want to pay) I think this is scandalous the our information has a price – if they can pay – they can get it.

  13. Billie says:

    Thank you for posting this . I was filing out the form for Globe life Ins. And decided to look up website information and I came across this review list. After hearing so many “real ” people add their responses , I’m going to be more carefull about who I choose. I ripped up and tossed the application , I’m glad now I read this before I mailed my paperwork and became another dis-satified customer. Thank You .

  14. shelomith says:

    Sooooooooooooooooooooooo glad I read your info this am.
    Got the $1.00 policy from Globe life and was about to pay my monthly premiumm on 800 number, but it stayed busy for so long, decided I did not want to have to go thru this when have questions. I hope I have better luck with agent. There’s nothing like personal agent!

  15. Jennifer says:

    My father had 15,0000 insurance for my mother and decided that wouldnt be enough so he increased it to 20,000, few months later my mother was told she had cancer and only lived for 3 wks after. The insurance company paid the 15,000 and is now saying they have to get more medical info before paying the other 5,000 because she didnt have the increase for 2 yrs. They had never told my father she needed to have it for 2 yrs to pay out and if that is the truth why are they looking into medical info? I can tell you why so they can find another way to say he cant have it the other 5,000. and they clearly answer the question on the website that there is no waiting period. If my father does not recieve the rest of his money we will be seeking legal action. This is just wrong.

  16. JOYCE says:

    GOT INSURANCE ON MY DAD HE DIED A FEW WEEKS LATER MASSIVE STROKE I HAVEN’T HEARD A THING FROM THEM.

  17. Shannon says:

    I have a friend who took out Globe policy on her son. He died a week ago and Globe is telling them they need to file for Executor of his estate before they can pay. He had no estate..he was married for a few years, his dad is the beneficiary on the policy…I work in the legal field, and I have never seen this before! They should only need the death certificate…they are nothing but a scam!

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