”$1 Buys $100,000”

You may have come across ads from Globe Life featuring the tag, “1$ buys $100,000 Term Life Insurance for Adults”, or “$1 buys $30,000 Whole Life Insurance for Children” when visiting their website, or when searching online for coverage options

Now, is this true? The answer is technically yes, although you can probably guess there’s more to the story The $1 in question is applicable only during the first month, wherein the legitimate rate will override this from the 2nd month onward. In addition to your adjusted rate, every 5 years the rates of this term policy increase – in which the monetary values become obscured the further away you get from the first month. For example, a male 41-45 may see his monthly premium around $20, to which this will increase to $155 by the time they’re 80.

After age 80, the website does not display further pricing despite the price increasing two more times until age 90, when you are no longer eligible for the policy. Is Globe Life A Legitimate Life Insurance Company?

The short answer is, of course. They most certainly provide coverage in all areas described above. Globe Life Burial Insurance also caters to over 4.3 million policyholders and recently paid just under a billion dollars in 2020 to insurance claims.

The long answer is, yes, but, in recent years the complaints associated with the insurance broker have become some of the highest in the industry. As of 2018, Globe Life held five billion dollars across all of its subsidiaries: Globe Life Liberty National Division, Globe Life and Accident Insurance, United American Insurance, American Income Life Insurance, and Globe Life Family Heritage Division Now, having profitable assets does not necessarily mean you’re trustworthy, but it does prove that you produce results.