How can Globe Life and Accident Insurance Company Help You Secure Your Future?
Are you are looking for a reliable and affordable life and supplemental health insurance provider ? you might as well want to consider Globe Life and Accident Insurance Company.
Globe Life is additionally one of the largest and most reputable insurance companies in the United States, with a history of over 120 years of serving millions of customers.
Lets therefore explore what Globe Life is all about, what services it offers, why you should choose it, and how you can contact them.
Who is Globe Life and Accident Insurance Company?
To begin with, Globe Life and Accident Insurance Company is a subsidiary of Globe Life Inc. This is a publicly traded holding company that also owns several other insurance brands, such as American Income Life, Liberty National, Family Heritage, and United American.
Globe Life was founded in 1900 as a burial insurance provider in Oklahoma City, Oklahoma. Today, it is headquartered in McKinney, Texas, and has over 3,000 employees and 4,000 agents nationwide.
To add to that, Globe Life’s mission is to empower its customers to make tomorrow better by offering products that help secure their financial future and protect them when tragedy strikes.
Furthermore, Globe Life issues more life insurance policies and has more policyholders than any other life insurance company in the country, with nearly 17 million policies in force.
It also offers supplemental health insurance products, such as accident, cancer, critical illness, hospital, and Medicare supplement insurance.
Globe Life Leadership Team
Globe Life’s CEO and President is Gary L. Coleman, who has been with the company since 1986.
He is also the Co-Chairman of the Board of Directors of Globe Life Inc., along with Larry M. Hutchison, who is also the Co-CEO of Globe Life Inc.
There are also other members of this amazing executive leadership team:
Frank M. Svoboda (Chief Financial Officer), Steven John DiChiaro (Chief Investment Officer), Michael C. Majors (Executive Vice President – Administration),
Wendi S. McAden (Executive Vice President – Operations), Roger C. Smith (Executive Vice President – Sales), Eric M. Thornburg (Executive Vice President – Marketing), Bill Leavell (President – Direct Response),
Todd T. Mitchell (President – American Income), Lance C. Nerio (President – Family Heritage), Steven K. Greer (President – Liberty National), Amber L. Sisson (President – United American), and Kenneth J. Matson (President – Globe Life Insurance Company of New York).
Globe Life Financial Aspects and Ratings
Globe Life is a financially strong and stable company that has been rated A (Excellent) by A.M. Best Company, an independent insurance analyst since 18992.
This rating reflects Globe Life’s financial strength, management skills, and integrity.
As of December 31, 2020, Globe Life had total assets of $28.6 billion, total liabilities of $24.8 billion, and stockholders’ equity of $3.8 billion3. It also had a net income of $736 million and a return on equity of 10.4% in 20203.
Globe Life has a significant market share in the life insurance industry, ranking as the fourth largest individual life insurer in the United States based on number of policies in force as of December 31, 2019.
It also ranks as the sixth largest direct response marketer of life insurance based on annualized new sales premium as of December 31, 2019.
In addition, it ranks as the third largest provider of Medicare supplement insurance based on number of policies in force as of December 31, 2019.
Globe Life Contact Information
Globe Life has several ways to contact them depending on the purpose and preference of the customer. Here are some of the basic contact information:
Phone | Address | Customer Service Contact | Email Address | Operating Hours | Fax |
---|---|---|---|---|---|
800-742-6787 | Globe Life And Accident Insurance Company | 3700 S Stonebridge Drive | McKinney TX 75070 | 877-577-3860 | customerservice@globelifeins.com |
Globe Life partnerships and affiliates
Globe Life has established several partnerships and affiliations with various organizations and entities to enhance its brand recognition and customer loyalty. Some of these include:
The Texas Rangers: Globe Life is the official life insurance partner of the Texas Rangers baseball team since 2014. It also holds the naming rights to the team’s ballpark, Globe Life Field, which opened in 2020.
The Dallas Cowboys: Globe Life is the official life insurance partner of the Dallas Cowboys football team since 2018. It also sponsors the Cowboys’ youth football camps and clinics across Texas.
The Harlem Globetrotters: Globe Life is the official life insurance partner of the Harlem Globetrotters basketball team since 2016. It also supports the team’s community outreach programs, such as Smile Patrol and ABCs of Bullying Prevention.
Torchmark Corporation: Torchmark Corporation was the former name of Globe Life Inc., the holding company that owns Globe Life and other insurance subsidiaries.
Torchmark Corporation was founded in 1900 and changed its name to Globe Life Inc. in 2019 to align with its flagship brand.
What are Some of the Insurance Services Offered by Globe Life
Globe Life offers a variety of life and supplemental health insurance products to suit the needs and budgets of its customers. Some of these products are:
Term Life Insurance:
This is a type of life insurance that provides coverage for a specific period of time, usually 5, 10, 15, 20, or 30 years.
Term life insurance is typically cheaper than whole life insurance and can be used to cover temporary needs, such as mortgage protection, income replacement, or debt repayment.
Globe Life offers term life insurance for adults up to $100,000 with no medical exam and a simple application process. The monthly rates start from $3.49 for adults and $2.17 for children or grandchildren.
Whole Life Insurance:
This is a type of life insurance that provides coverage for the entire lifetime of the insured, as long as the premiums are paid.
Whole life insurance also accumulates cash value over time, which can be accessed through loans or withdrawals.
Globe Life offers whole life insurance for adults up to $50,000 and for children up to $30,000 with no medical exam and a simple application process. The monthly rates start from $10.45 for adults and $2.17 for children or grandchildren.
Accident Insurance:
This is a type of supplemental health insurance that provides benefits in case of accidental injuries, such as fractures, burns, dislocations, or concussions.
Accident insurance can help cover the medical expenses and lost income that may result from an accident. Globe Life offers accident insurance for individuals and families with benefits up to $250,000 per accident.
The monthly rates start from $9.95 for individuals and $19.95 for families.
Cancer Insurance:
This is a type of supplemental health insurance that provides benefits in case of cancer diagnosis and treatment, such as chemotherapy, radiation, surgery, or hospitalization.
Cancer insurance can help cover the out-of-pocket costs and non-medical expenses that may arise from cancer. Globe Life offers cancer insurance for individuals and families with benefits up to $100,000 per diagnosis.
The monthly rates start from $20 for individuals and $35 for families.
Critical Illness Insurance:
This is a type of supplemental health insurance that provides benefits in case of critical illnesses, such as heart attack, stroke, kidney failure, or organ transplant.
Critical illness insurance can help cover the medical bills and living expenses that may result from a critical illness. Globe Life offers critical illness insurance for individuals and families with benefits up to $50,000 per diagnosis.
The monthly rates start from $15 for individuals and $25 for families.
Hospital Insurance:
This is a type of supplemental health insurance that provides benefits in case of hospitalization due to any cause, such as illness, injury, or surgery.
Hospital insurance can also help cover the deductibles, co-pays, coinsurance, and other expenses that may be associated with a hospital stay.
Furthermore, Globe Life also offers hospital insurance for individuals and families with benefits up to $1,000 per day for up to 365 days per confinement. The monthly rates start from $10.95 for individuals and $19.95 for families.
Medicare Supplement Insurance:
This is a type of supplemental health insurance that helps pay for some of the costs that are not covered by Medicare Part A and Part B, such as deductibles, co-pays, coinsurance, and excess charges.
Medicare supplement insurance can also help reduce the out-of-pocket expenses that may be incurred by Medicare beneficiaries.
Globe Life as well offers Medicare supplement insurance plans A, B, C, F (high deductible), G (high deductible), K, L, M, and N in most states where it is licensed to sell them.
The monthly rates however vary depending on the plan chosen, the age of the applicant, the state of residence, and other factors.
Why Opt For Globe Life Insurance ?
Globe Life Insurance Company is a trustworthy option for your insurance requirements, providing a range of insurance products such as life insurance, accident coverage, and supplemental health insurance.
Moreover, they also offer Medicare Supplement insurance to assist in covering expenses not included in Medicare.
With more than $224 billion in active coverage, Globe Life Insurance Company is also dedicated to safeguarding the insurance needs of its policyholders, both today and in the future.
Globe Life Insurance Company as well provides various convenient methods for purchasing life and supplemental health policies, allowing you to buy insurance online, by mail, through an agent, or over the phone.
According to information from Globe Life Insurance Company’s website, in 2022, they disbursed a total of $1,787,169,698 in claims, including $1,146,212,496 in life insurance claims and $640,957,202 in health insurance claims.
Globe Life Insurance Claim Process
To initiate the claims process with Globe Life Insurance Company, you have a couple of convenient options available.
One way is to contact their dedicated customer service team at 1-800-654-5433, where a knowledgeable representative will guide you through the necessary steps for filing your claim.
Alternatively, you can make use of their user-friendly online claim submission process by visiting Globe Life Insurance Company’s official website at www.globelifeinsurance.com.
Furthermore, on their website you’ll find the required forms and guidelines to help you complete the process smoothly and efficiently.
This dual approach ensures that you can choose the method that suits you best for filing your claim with Globe Life Insurance Company.
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Greetings, I’m Evans Odundo, a dedicated professional holding a Master’s Degree in Software Engineering from Daystar University.
My blogging journey is fueled by a profound interest in insurance companies, and I take pride in unraveling the intricacies of their coverage.
Before diving into the tech world, I pursued a Bachelor’s Degree in International Relations at USIU, shaping a foundation rooted in understanding global dynamics during my four-year tenure.
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