How do you contact Globe Life insurance?
Call us at 800-831-1200.
What is Globe Life phone number?
(877) 577-3860Globe Life / Customer service
Is Globe Life insurance a legitimate company?
While Globe Life is a legitimate life insurance company with an A+ (Superior) rating from A.M. Best, it has a disproportionate number of consumer complaints. Its 2016 NAIC Complaint Index, which measures the number of complaints a company receives against its size, was 5.10.
Does Globe Life pay out?
Term life insurance offers temporary coverage and a guaranteed payout if the policyholder dies during the term. Permanent life insurance typically lasts a lifetime and builds cash value that can be borrowed against in the future. No-exam life insurance issues coverage without the need for a medical exam.
How long does it take Globe Life to pay out?
Exactly how soon a beneficiary receives payment is, in part, determined by how quickly the claim is filed. The sooner the claim is filed, the better the chance you will receive funds fast. However, there are a few exceptions to the 60 day average.
Who is Globe Life insurance?
Globe Life was formerly known as Torchmark. The company was founded in 1951 and is based in McKinney, Texas. Globe Life provides life insurance to over 4.3 million policyholders. The company offers whole and term life insurance policies that don’t require medical exams.
How long has Globe Life insurance been in business?
Since 1951, Globe Life And Accident Insurance Company has grown in financial strength and reputation. Globe Life And Accident Insurance Company is proud to provide life insurance coverage to over 4.4 million policyholders.
How long is the term for Globe Life insurance?
10 to 20 years
Term Life. With Globe Life term life policies, you can purchase $5,000 to $100,000 in coverage, and your term is typically 10 to 20 years in length. The accounts do not gain cash value. Rates vary by state, and your premiums increase as you age into five-year age periods.
Can I get money back if I cancel my life insurance?
By law, if you cancel a term life insurance policy within 30 days of purchasing it, the company must refund any money you paid. In addition, if you pay some of your premiums ahead of schedule and then cancel your policy, the company should return those early pre-payments.
How long does it take to receive life insurance death benefits?
The average life insurance payout can take as little as two weeks, up to two months, to receive the death benefit. However, the timeline depends on several factors. If you have an active life insurance policy, the company will pay your beneficiaries when you die.
How long has Globe Life been in business?
Since 1951, Globe Life And Accident Insurance Company (Globe Life) has grown in financial strength and reputation. Globe Life is proud to provide life insurance coverage to 4.2 million policyholders. Globe Life is committed to providing secure life insurance protection to their policyholders today and in the future.
Who is Globe Life owned by?
United American Insurance Company (UA) was founded in 1947 and is licensed in 49 states. Globe Life Insurance Company of New York operates as a subsidiary of UA in the state of New York.