Blog

Is Globe Life Insurance Legit?

Yes — Globe Life Insurance is a legitimate, financially stable company with solid A.M. Best ratings. But financial strength alone doesn’t mean you’re getting a good deal.

For many policyholders, Globe Life falls short due to:

• Rising premiums over time
• Limited coverage amounts
• Fewer policy options compared to independent carriers
• Ongoing customer service complaints

In other words, “legit” doesn’t automatically mean “worth it.”

If you’re searching for honest Globe Life Insurance reviews or asking “Is Globe Life Insurance good?”, you’re in the right place.

At Maple Valley Insurance Group, we’re independent brokers — not tied to Globe Life or any single insurance company. That means no brand loyalty, no sales scripts, and no sugarcoating.

We’ve helped hundreds of families replace Globe Life policies with better coverage at lower long-term cost. This post breaks down what Globe Life actually offers, who it may work for, and — more importantly — why most people can do better elsewhere.

In fact, if you’re already questioning whether Globe Life is the right fit, you may want to jump ahead and review our breakdown of Globe Life Insurance alternatives, including options with level premiums, higher coverage limits, and easier underwriting.

We’ll also highlight real-world customer feedback throughout this review so you can see how Globe Life policies perform outside the marketing brochures.

Feature	Globe Life	Better Alternatives (Independent)
Premium Structure	Often increases over time	Level premiums available (lock in your rate)
Coverage Amounts	Lower limits for many buyers	Higher coverage options based on health & age
Underwriting Flexibility	Limited, one-size-fits-most	Multiple carriers with varied underwriting
How You Apply	Agent-driven or mail-based	Modern online options available — including automated platforms like Ethos that help match you to the best policy

Approval Speed: Globe Life vs Independent Instant Decision Policies

Approval Speed	What This Means for You
Globe Life	Slower, limited underwriting paths with fewer policy options — often requiring follow-ups or manual review
Independent Options	Instant decision term life (and whole life) from multiple top-tier carriers — often same-day approval and no waiting to see where you qualify

This difference in approval speed matters even more when you realize that Globe Life often blends very different policy types into the same sales pitch, making it harder for consumers to understand what they’re actually being approved for.

⚠️ Important: Globe Life Advertises Term & Whole Life Together

Globe Life frequently markets term life insurance and whole life insurance in the same advertisement, often using the same “$1” teaser offer. These are two very different types of life insurance with very different pricing structures, benefits, and long-term costs.

To avoid confusion—and to give you an easy to follow review—we break down Globe Life term life insurance and Globe Life whole life insurance separately below, including clear pros and cons for each.

🔎 Globe Life Term Life Insurance – Pros & Cons

• No medical exam required – application is health questions only
• Easy approval, including for older applicants
• Coverage available up to age 90

However, the drawbacks outweigh the benefits for most people:

• Premiums increase every 5 years – this is not level term insurance
• Becomes very expensive in your 70s, when coverage become most important
• Same rates for smokers and non-smokers, making it a poor deal for non tobacco and or healthy applicants
• Many policies are dropped later in life due to rising costs

Most people shopping for term life insurance expect fixed premiums for 10, 20, or 30 years. Globe Life does not offer that. This is the single biggest reason we see clients replace Globe Life term policies.

🔎 Globe Life Whole Life Insurance – Pros & Cons

• Permanent coverage – policy does not expire
• Level premiums for life
• No medical exam, only a simplified health questionnaire

The downside? Cost and value.

• Significantly overpriced compared to independent whole life and final expense options
• Low coverage limits (often capped around $50,000)
• Weaker cash value growth than competing whole life policies
• Better options exist for the same or lower premium

Globe Life’s whole life insurance is commonly sold as final expense or burial insurance. While it’s better than their term product, it still costs a lot more than comparable policies from top-rated independent carriers.

🏢 Who Is Globe Life?

Founded in 1951 and based in McKinney, Texas, Globe Life is a subsidiary of Globe Life Inc. (formerly Torchmark). The company aggressively markets life insurance by direct mail, online ads, and TV commercials. You’ve probably seen the “$1 buys you $50,000 of coverage” pitch more than once.

Financially, Globe Life is solid. It holds an A rating from A.M. Best, which speaks to its ability to pay claims. That’s a good thing.

But the real question is: Are their products any good? And how do they stack up in real-world Globe Life Insurance reviews? Are claims paid promptly?

💬 Globe Life Insurance Reviews – What Customers Say

• Rising premiums on term policies
• Limited whole life face amounts
• Confusing marketing offers
• Customer service complaints and claim disputes

People often comment that the $1 offer is misleading—they thought they locked in low rates long-term, only to see costs climb every five years. While Globe Life can pay claims, reviews consistently show dissatisfaction with rising costs, limited coverage, and confusing policy design.

🔍 Globe Life Insurance Products Review

1. Term Life Insurance (Increasing Premiums)

• No medical exam
• Simplified underwriting (health questions only)
• Coverage up to age 90
• Premiums increase every 5 years
• Same rates for smokers and non-smokers

However, this is not a true, level term insurance policy. Your premium starts low, then rises every 5 years—whether your health improves, worsens, or stays the same. By the time you hit your 70s, many people find the policy unaffordable.

2. Whole Life Insurance (Final Expense / Burial Insurance)

• No medical exam
• Simplified health questionnaire
• Level premiums for life
• Permanent coverage
• Small face amounts (up to $50,000)
• Cash value accumulation

Globe’s whole life policy is marketed to seniors as a way to pay for final expenses. Reviews and our own patron feedback show that while it’s better than the term product, it’s still overpriced compared to similar options from top-rated insurers.

❌ The Problems with Globe Life Insurance

❗ Misleading Marketing

The “$1 buys $50,000 in coverage” ad is a teaser offer—it only applies to the first month. After that, the premiums jump—and they keep jumping every five years. Many customers share frustration about this in reviews and complaints.

This marketing tactic preys on urgency and confusion. It gives the impression that you’re locking in low premiums for the long haul… but you’re not.

Globe doesn’t sell level premium term life insurance. Their policies increase in cost as you age—right when most people need coverage the most.

📈 Rising Premiums with Term Insurance

Most people shopping for term life insurance want affordable, level premiums for 10, 20, or 30 years. Globe Life does not offer this, as many customer reviews confirm.

Rates increase at ages ending in 1 and 6 (41, 46, 51, etc.). The result? People often drop their policies in their 70s because the premiums become unsustainable, leaving families exposed at exactly the wrong time.

🚭 Smokers and Non-Smokers Pay the Same

This might sound like a plus for smokers, but it’s a terrible deal for non-smokers. Most reputable life insurers offer dramatically better rates for non-smokers, and even smokers can often find better deals through independent insurance brokers.

⚠️ NAIC Complaint History

According to the National Association of Insurance Commissioners (NAIC), Globe Life has had a complaint index consistently higher than average. Complaints include misleading ads, rising premiums, and claims disputes.

✅ Better Alternatives to Globe Life Insurance

If you’re looking for affordable term or whole life insurance with better guarantees and more transparent pricing, here’s what we usually recommend:

• Top-rated insurers (A rated or better) with level pricing
• Independent final expense life insurance (whole life) with cash value
• Guaranteed universal life insurance (GUL) for long-term protection without rising premiums

We regularly find clients… who were paying a lot more with Globe Life, better life insurance coverage for a lot less. A quick review with an independent broker often saves thousands over a lifetime. Remember, our services are always free—we work for you, not an insurance company, helping you avoid mistakes that could impact your wallet or worse yet, your loved ones.

For people who prefer to handle life insurance entirely online, Ethos offers a streamlined, self-serve application experience with no phone calls required.

Ethos first attempts to qualify applicants for full, first-day coverage policies from top-rated carriers based on a short health questionnaire. If approved, coverage can begin immediately — still without speaking to an agent.

If an applicant does not qualify for standard, no exam underwriting approval, Ethos may then offer guaranteed issue or simplified whole life options, depending on age and eligibility (typically ages 45–80).

The key advantage: you are automatically steered toward the most affordable coverage you qualify for first, rather than being pushed straight into higher-cost guaranteed issue insurance.

---

📊 Quick Comparison: Globe Life vs. Top Independent Options

Feature	Globe Life	Independent Top-Rated Carrier
Term Premiums	Rising every 5 years	Level term (10–30 years)
Whole Life Premiums	Higher than market	Competitive, fixed for life
Medical Exam	No exam	Optional no-exam or full exam
Face Amounts	Up to $50,000	Up to $500,000+
Customer Reviews	Mixed / complaints on NAIC	Mostly positive

⚖️ Verdict – Is Globe Life Insurance Good?

Globe Life is financially sound, but that doesn’t make it a smart buy for most people. Their term life insurance relies on increasing premiums, delivers limited long-term value, and generates more consumer complaints than level-term policies from top-rated competitors.

Their whole life insurance does offer permanent coverage, but it’s consistently overpriced for the amount of protection provided. At nearly every age and health class, you can find better whole life or final expense policies with stronger cash value and lower lifetime costs.

Bottom line: Globe Life isn’t a scam — it’s just an expensive way to solve a problem that’s usually solved better elsewhere.

If you want coverage that’s easier to understand, more affordable, and built to last, take a look at the better alternatives to Globe Life insurance available today.

---

---

Frequently Asked Questions – FAQ For Globe Term and Whole Life

---

Why Getting Help From Maple Valley Insurance Group is Your Best Option

At Maple Valley Insurance Group, our services are always free to you. You get expert guidance not someone pushing you into a Globe product because that is all they have. We guide you to the right insurance company and policy that truly fits your needs and helps you avoid traps that can come from buying the wrong plan.

Reading Globe Life insurance reviews one after the other isn’t necessary to sort out who will offer you a good affordable life insurance policy that meets your needs. A good pro is going to help you find the security you are looking for quickly. An insurance company wants you to buy their insurance policy. Good fit or not. They aren’t concerned with the same thing that an independent life insurance broker focuses on, which is needs of their client.

Is Globe Life insurance good in our opinion…no. You’ve seen the pros and cons from above. Why is this so important to make this point to our visitors? Choosing the wrong life insurance policy doesn’t just affect just you and your wallet—it can have a real impact on your loved ones if you select the wrong coverage/policy. At Maple Valley Insurance Group, we have seen and heard our share of stories about life insurance policies becoming unaffordable, expiring worthless in a drawer and even worse, beneficiaries of life insurance policies struggling to get the death benefit monies timely when their loved one passes.

With decades of experience in the life insurance industry, we make sure you understand all your options and help you make a confident, informed decision. Whether you want personalized guidance or prefer to handle things online, we’re here to help you protect what matters most with the right insurance company to guarantee protection for your family.

Phone: 269-244-3420 for our free guidance. That’s right, we never charge you a nickel for our services. Yes, we are licensed in most states around the country.

Now, maybe you have read all the pros and cons of Globe Life Insurance and still don’t want to work with an advisor but know you need to take care of your loved ones. After all, we’re not getting any younger are we? Here is the solution to the problems with Globe. Explore your instant decision online life insurance options with Ethos. No conversation, no agent required.