The bottom line
Globe Life offers term and whole life products with low coverage amounts and high rates. The term life product it offers is not a level term policy, the most common type — instead, it is a five-year renewable term product with rates that increase every five years. Term coverage maxes out at $100,000, and whole life maxes out at $50,000.
Note: Globe Life products are not available through the Policygenius marketplace.
Term policy is five-year renewable term with rates that increase every five years
No accelerated death benefit rider on term policies
High rate of customer complaints
Basic coverages offered
Term life insurance: Globe Life’s term life insurance product is a five-year renewable term policy available to people age 18 to 80 with age-based rates that increase every five years. Coverage is only available up to $100,000.
Whole life insurance: Globe Life has whole life insurance available for amounts up to $50,000. Unlike Globe Life's other products, it cannot be purchased online.
Children’s life insurance: Globe Life’s children’s life insurance policy is available for up to $30,000.
Additional coverages offered
Our customer experience scale uses data from the National Association of Insurance Commissioners (NAIC) complaint index. Globe Life has a score of 2.74, which means it receives over twice as many complaints as expected for a company of its size. (The expected number would be 1.0.)
Our transparency rating scale measures how easily shoppers and policyholders can find information about an insurer on its website. Globe Life gets points for having clear contact information and displaying financial ratings, but loses points for not sharing details about its policies outside of its quoting and application flow, and for not having dedicated online support.
Our financial strength rating is a weighted combination of three industry-leading metrics to measure a company’s financial health: A.M. Best, Standard & Poor’s, and Moody’s. Globe Life has an A rating from A.M. Best, an AA- rating from Standard & Poor’s, and is not rated by Moody’s.
Note: Globe Life does not have a price rating, as it does not offer a 20-year term policy with $1 million coverage, the sample policy we use in our price rating scale.
A closer look at Globe Life
Who is Globe Life best for?
People who need a low amount of life insurance coverage for a short amount of time may find what they're looking for with Globe Life. But most people can find coverage elsewhere for much lower rates.
What makes Globe Life unique?
Globe Life does not offer a level term convertible life insurance policy, which is the standard term life insurance policy available from most companies (and also the most popular). Instead, it offers a five-year renewable term policy with rates that increase every five years.
Who should consider a different life insurance company?
Most people shopping for life insurance will find more coverage for lower rates elsewhere, especially with a level term policy with steady rates. For more options with lower rates, see our picks for the best life insurance companies.
Globe Life life insurance rates
Globe Life does not offer a $500,000, 20-year level term policy, our standard sample policy for comparing rates. (Its term policy maxes out at $100,000 and is a five-year renewable term policy with rates that increase every five years.)
Globe Life’s history, reputation, and social responsibility
Globe Life Accident and Insurance Company was founded in 1951 in Oklahoma. In 1980, it was acquired by Liberty National Insurance Company, and joined under the holding company Torchmark. Many acquisitions followed, and in 2019, Torchmark was renamed Globe Life, Inc., making Globe Life a subsidiary of Globe Life, Inc. 
Globe Life, Inc. owns several other insurance subsidiaries, including American Income Life Insurance Company, Liberty National Life Insurance Company, United American Life Insurance Company, and Family Heritage Insurance Company of America. 
Globe Life, Inc. trades on the New York Stock Exchange. It is based in McKinney, Texas.
Globe Life vs. other life insurance companies
Compare Globe Life to similar life insurance companies using the table below.
Frequently asked questions
Is Globe Life Insurance legit?
Globe Life has an A rating from A.M. Best, which scores companies for their financial stability.
Is Globe Life insurance good?
Globe Life offers five-year renewable term life insurance, which increases in cost every five years. Most people will get more coverage and better rates with level term life insurance.
How do I contact Globe Life?
To contact Globe Life, including the claims support team, call 877.577.3860 or visit the Globe Life website.
Logan Sachon is a former senior managing editor of life insurance and research at Policygenius. As a journalist, her work has appeared in The Guardian, Business Insider, CNN Money, BuzzFeed, Money Under 30, VICE, New York Magazine, and elsewhere.
Adam Morgan is an editorial director at Policygenius who leads the life insurance team. Previously, he led editorial teams matrixed across multiple financial publications at Red Ventures — including Bankrate, NextAdvisor, Million Mile Secrets, and others. As a journalist, his work has appeared in Esquire, Scientific American, The Guardian, Los Angeles Times, and elsewhere.
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