Globe Life Insurance covers millions of policies and claim to offer $100,000 of coverage for just $1 per month – but what’s the catch? According to Globe Life insurance reviews online, the company has numerous drawbacks, especially when compared to our top carriers.
If you’re interested in burial insurance, the best way to do that is to find quality help. That’s where Final Expense Benefits can help.
If you are interested in burial insurance, contact Final Expense Benefits. We only partner with top-rated companies, so you can be assured that the plan you pick will provide you with the best coverage. Call us at (866) 786-0725, Monday through Friday, 9 a.m. to 5 p.m. ET.
Key takeaways
- Globe Life Insurance advertises that $1 can buy $50,000 to $100,000 in coverage—a somewhat misleading claim.
- Compared to competing providers, Globe Life Insurance’s coverage maximums are lower than the market average.
- Globe Life Insurance’s selection is small—only offering term, whole, burial, children’s life, and accidental death insurance.
- Despite third-party accreditation, online reviews and complaints reflect an overwhelmingly negative view of Globe Life Insurance.
History of Globe Life Insurance
Founded in 1951, the Globe Life and Accident Insurance Company’s goal was to offer inexpensive and reliable insurance coverage to rural Oklahoma communities.
Since then, Globe Life Insurance has expanded within the life insurance industry. In 1980, Globe Life Insurance was acquired by Liberty National, and their headquarters moved to McKinney, Texas.
In 2014, Globe Life Insurance became the official sponsor for the Texas Rangers’ baseball stadium, officially called Globe Life Park. Globe Life Insurance now stands among the largest insurers in America, currently valued by Forbes at $29.1 billion as of November 2025.
Globe Life Insurance Options
Globe Life Insurance offers a small selection of burial, term, and whole life insurance options. They offer term life, whole life, final expense, children’s life, and accidental death insurance.
Globe Life Burial Insurance
1
Burial insurance, also known as final expense insurance, is a low-cost type of life insurance seniors can use to cover end-of-life expenses, such as funeral costs, medical bills, or any other final expenses. Burial insurance is typically a whole life insurance plan, meaning that policies last until the policyholder’s death, they grow in cash value, and the rates are locked in when the policy is issued.
Globe Life Insurance claims to offer a burial policy, but their burial insurance is their term life policy repackaged as burial insurance. Term life insurance is not an ideal choice for seniors, as they may outlive their insurance coverage. Globe Life burial insurance coverage ends at age 90, and coverage cannot be extended.
Unlike most final expense plans, Globe Life’s burial insurance policies have premium rates that increase over time and do not accumulate cash value. Rates can sometimes exceed $1,000 monthly, far more than you should be paying for burial insurance.
Globe Life Whole Life Insurance
2
Unlike Globe Life burial insurance, whole life policy options for adults and children are fairly standard. Rates for these plans are fixed at the policy’s start and won’t increase as the policyholder ages, unlike Globe Life’s burial insurance and term options.
Globe Life’s whole life benefit maximums are low: $30,000 for children and $50,000 for adults. Globe Life children’s plans are solid for children’s life insurance, but it’s often unnecessary for children to have lifelong coverage.
Globe Life whole life plans don’t require a medical exam, but do have a medical questionnaire that you must pass to be approved. Coverage starts immediately, without a waiting period.
Most burial insurance is whole life, meaning it will cover you for a lifetime, as long as premiums are paid. Premium rates are locked in at the beginning of the policy’s start on most whole life plans. A portion of the monthly premium is set aside to help the policy grow in cash value over time.
Globe Life Term Life Insurance
3
The primary use of term life insurance is to provide an affordable cash backup for young adults and working families in case of a disaster. Term life policies are typically 10 to 30 years, with the option to continue coverage on another term or as whole life insurance.
Globe Life treats term life insurance as a specialty, but its policies aren’t particularly competitive. Term life insurance rates increase every five years. Most term life policy rates only increase if the term ends and the policyholder renews the policy.
Globe Life Accidental Death & Mortgage Protection Insurance
4
Accidental death insurance is a common type of supplementary life insurance used by individuals who work high-risk jobs. It is typically cheaper to purchase accidental death insurance than other whole life policies, as it only pays the death benefit to the policyholder should they pass away in an accident.
Globe Life Insurance: How Much Does Burial Insurance Cost?
Globe Life Insurance, despite its advertising, does not have burial insurance policies for sale. Instead, the company offers optional burial insurance riders, which function like term life insurance.
Aside from not having proper burial insurance plans, Globe Life Insurance also offers little information on the cost of its policies. The company advertises that applicants will only be charged $1 for $50,000 to $100,000 worth of coverage. However, the claim refers to an introductory rate for one month.
Following the one month, insurance rates are adjusted and increase according to the policyholder’s age and health. The only information the company provides regarding regular pricing is the claim that monthly costs can be as low as $3.49 for adults and $2.17 for children.
Here at Final Expense Benefits, we value clarity and transparency when it comes to whole life insurance coverage. Below are some sample rates for proper burial insurance coverage from some of our top carriers nationwide:
Sample Burial Rates for Seniors (Whole Life)
| Company |
Male 50y/o |
Male 60y/o |
Male 70y/o |
Female 50y/o |
Female 60y/o |
Female 70y/o |
|---|---|---|---|---|---|---|
|
$34 |
$50 |
$70 |
$27 |
$40 |
$56 |
|
|
$32 |
$59 |
$105 |
$27 |
$46 |
$79 |
|
|
$31 |
$44 |
$75 |
$24 |
$33 |
$53 |
|
|
$34 |
$45 |
$79 |
$29 |
$35 |
$59 |
|
|
$34 |
$45 |
$79 |
$29 |
$35 |
$59 |
For $10K policies with non-smoking applicants and no-pre-existing conditions.
Get familiar with final expense insurance, call a representative at (866) 786-0725 and be sure to check our free online quoting tool for personalized pricing estimates.
Is Globe Life Insurance A Legit Company?
Globe Life Insurance is a legit insurance provider. With that said, the company has below-standard quality for their term and burial insurance policies, as well as a longstanding history of poor customer service. Additionally, Globe Life Insurance doesn’t provide customers with information regarding their rates online.
Pros and Cons of Globe Life Insurance
Pros
- No medical exam required.
While Globe Life Insurance policies don’t require medical exams, they do need health questionnaires. - No waiting period.
In addition to having a simple application process, Globe Life Insurance also does not have a waiting period. - Low starting cost for coverage.
The premium for the first month of coverage, regardless of what type of policy you apply for, is going to be $1. Following the first month of enrollment, your rates will increase based on your age.
Cons
- High volume of customer complaints.
Across third-party rating services and many other public customer review sites, Globe Life Insurance’s customer service record has been overwhelmingly negative. - No guaranteed policy options.
Globe Life Insurance does not offer any guaranteed life insurance plans—individuals with pre-existing conditions will need to seek another provider for such coverage. - Misleading advertising and policy rate increases.
Rates for the first month of coverage may be $1, but they will not last beyond that one-month period. Rates will increase following the first month according to the policyholder’s age.
- No online claim filing options.
If you have a Globe Life Insurance plan or are planning to apply for one, your only option for submitting an insurance claim is through the mail, which increases the processing time for benefit payouts. - Low coverage maximum.
Across all Globe Life Insurance plans, maximum death benefits are noticeably lower in comparison to competing providers.
Globe Life Insurance Reviews: Third-Party Rating Services
AM Best
1
AM Best is a credit rating agency responsible for evaluating life insurance companies’ overall credit and ability to meet financial obligations.
Globe Life Insurance’s AM Best Financial Strength Rating, as of November 2025, is an A, indicating sufficient capacity to meet financial commitments.
NAIC
2
The National Association of Insurance Commissioners (NAIC) tracks customer complaints against life insurance companies and rate them yearly through their complaint index. NAIC ratings range from 0 to 10 based on the market average of received complaints. Insurance providers should aim for a rating below the market average of 1.
Globe Life Insurance’s NAIC rating on their Company Complaint Index is 2.19 according to the 2024 National Complaint Index Report. Additionally, the customer complaint index for individual life policies has a rating of 2.18. Both ratings indicate a significantly higher than average amount of customer complaints.
BBB
3
The Better Business Bureau (BBB) helps customers identify trustworthy businesses by tracking customer complaints and providing complaint resolution services. They utilize a letter-grade scale, ranging from A+ to F, to represent the organization’s confidence in a business’s ability to operate in good faith and resolve customer complaints filed with the BBB.
Globe Life Insurance has received an A+ BBB rating. Despite the high mark by the organization, customer reviews from the BBB for Globe Life Insurance averages around 1.27 out of 5.0 stars from a total of 154 consumer ratings.
JD Power
4
J.D. Power is a data analytics company that conducts annual studies on customer feedback, company dependability, and overall quality.
According to their 2025 insurance study for Overall Customer Satisfaction, Globe Life Insurance ranked 9th out of 22 assessed providers—indicating a slight improvement from the previous year’s study, where they ranked 16th out of 21.
Globe Life Insurance: Customer Reviews
Brody
1/5
If there was an option for a ZERO, it no doubt belongs to this company. They provide an absolute WORTHLESS cash value for insuring your child from a baby till the time he/she reaches 18. I then called in to surrender the policy and take the worthless couple hundred dollars of cash value [accumulation] only to find out I was charged (without my consent) a day prior. After being transferred 5 or 6 different times I couldn’t take any longer and just let them steal another $116 bucks and gave up. STAY FAR AWAY from this horribly run organization.
Nicki B.
1/5
Terrible service I decided not to join globe life after I talked to the sales man he was rude and then when I asked another question he acted like he wasn’t on the phone when I could hear back ground noise almost acted like he was better than someone else even asked personal health questions I have a auto immune system and he didn’t even know what that was inexperienced I will get my ins. From [somewhere else]
Hanna M.
1/5
DO NOT DO [BUSINESS] WITH THIS COMPANY! TOTAL SCAM AND VERY UNPROFESSIONAL….. Spelt all our names wrong and was a horrible experience to cancel. Just don’t do it..
Final Thoughts
Globe Life Insurance is indeed a legitimate coverage provider with an established name in the insurance industry. However, upon review of their policies, Final Expense Benefits advises you to look elsewhere if you’re seeking a quality burial insurance policy.
Numerous practices, such as misleading advertising and a lack of transparent policy rate information, are just some of the many drawbacks with this provider.
And even if you look at some of the more reasonable options in their product catalogue, such as their whole life and term life policies, they still charge above average rates for below average coverage maximums.
Learn more about what other burial insurance providers are on the market. Call Final Expense Benefits at (866) 786-0725, Monday through Friday, 9 a.m. to 5 p.m. ET, or check out our free online quoting tool for personalized rates.
FAQ
Is Globe Life Insurance legit?
Yes—Globe Life Insurance is a legitimate life insurance provider, verified by several third-party rating organizations. However, it is important to note that the company has been known for major issues regarding customer service, claims resolutions, and general transparency with accurate pricing.
Is Globe Life Insurance good for seniors?
For senior applicants, applying for coverage under Globe Life Insurance may not be the best option. Globe Life Insurance’s advertised “burial and funeral insurance”/”final expense insurance” are only optional policy riders that function similarly to a term life plan.
Does Globe Life Insurance cost just $1?
Globe Life Insurance policies, regardless of what type of coverage you apply for, cost $1 for only the first month. Following the one-month period, rates are adjusted and increased based on the policyholders’ age.
Why is Globe Life Insurance so cheap?
Despite the one-month $1 introductory rate for policyholders, Globe Life Insurance’s rates will increase regardless of what option you select. Additionally, the company’s burial insurance options not only exceed industry standards for pricing but also prevent policyholders from building cash value with their plans over an extended period of time.