Rating: 8.5 / 10 (Excellent)
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Globe Life and Accident Insurance Co. is a Texas-based insurance company founded in 1951. Globe Life provides affordable term, whole, and children’s life insurance policies, as well as a variety of related products with <a href="/life-insurance/saved/life-insurance-no-medical-exam">no medical exam requirements or waiting periods</a>. The company holds an A.M. Best financial rating of A+ and an S&P rating of AA-.

How is Globe Life rated?


Financial Strength
Customer Experience

Overall Rating: 8.5 / 10 (Excellent)

Globe Life Insurance Company, a subsidiary of the Torchmark Corporation, has been offering life insurance products since its inception in 1951. Over the years, the company's financial reputation has strengthened considerably, now holding an A.M. Best rating of A+ (Superior). Globe Life has made it to our list of 10 Best Life Insurance Companies for their simple and accessible policies, which require no medical examination or waiting periods.

Financial Strength

Key Details

Globe Life And Accident Insurance Company
Marketshare 2016
Premiums Written 2016
Standard & Poor's Financial Rating
AM Best Financial Rating

Financial Strength - 8.5 / 10

Globe Life Insurance Company enjoys a strong financial reputation and issuer credit rating when compared with life insurance carriers as a whole. The company has an A.M. Best rating of A+ (Superior) and a long-term issuer credit rating of aa- (stable). They have also received an S&P rating of AA-.
*The above information reflects the financial strength of the underwriter of the Globe Life life insurance policies: Globe Life And Accident Insurance Company.

Reputation & Customer Experience

National Association of Insurance Commissioners

NAIC Complaint Ratio 2016
NAIC Total Complaints 2016
*The NAIC complaint ratio (in this case 4.97) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Customer Ratings

BBB Rating
Number of BBB Neutral Reviews
Number of BBB Negative Reviews
Date Collected

Customer Experience - 7 / 10

According to the National Association of Insurance Commissioners, the complaint ratio against Globe Life Insurance Company is above the median score for individual life insurance for 2016. Nevertheless, the company still services over 4 million policyholders across the nation, remaining among the most popular life insurers in the United States. Globe Life Insurance Company is a BBB accredited business with an A+ rating.

Globe Life Policies

Globe Life offers customers the following life insurance policies: Term, Whole Life. Because we feel that Term Life insurance is a superior choice for most customers, we've focused our review on the Globe Life Term Life policy.

Term Life Insurance

Maximum Age
Minimum Death Benefit
Maximum Death Benefit
Available Terms
5 year

Policies - 10 / 10

Globe Life offers term and whole life insurance products, as well as children's life and accidental benefits insurance. Their term life product can be purchased directly from the company and does not require a medical examination, only a few yes and no health questions. Their plans come with a no-risk money back guarantee and, once approved, benefits cannot be canceled or reduced for the life of the policy. Globe Life also offers a promotional price of $1 for the first month of coverage for most of their plans, which increases on every new term as per contract agreement.

Flexibility & Available Riders

Available Riders

  • Child Protection Rider
  • Spouse Protection Rider
  • Accidental Death Benefit

Flexibility - 8 / 10

Aside from their term and whole life insurance products, Globe Life offers additional plans such as whole life for children, term and whole life options for spouses, and accidental death benefit insurance. Their plans may not afford a great deal of flexibility in terms of optional riders, but the company does make the process of purchasing additional insurance quick and straightforward.

Additional Company Information

Homepage URL
Company Phone
(800) 654-5433
Headquarters Address
3700 S Stonebridge Dr, McKinney, TX, 75070
Year Founded

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