Globe Life Insurance Review

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Globe Life Insurance Pros

The key to the perfect policy is to find the right company for YOUR circumstances!

Life insurance certainly isn’t one size fits all. Here’s the low down on

Globe Life Insurance Company’s positive attributes.

#1 Globe Life is an A+ Rated Life Insurance Company

Many life insurance shoppers fail to realize the significant role financial ratings should play in policy selection.

If you’re looking for a policy you should always check with rating agencies like A.M. Best and S&P and do some due diligence through the Better Business Bureau!

It will save you lots of hassle in the long run. If you don’t know how financial ratings work, here’s a quick overview:

Independent financial companies use unique formulas to rate the strength of life insurers to help you assess the likelihood a company will be able to pay its obligations when the time comes.

The good news?

With over 4 MILLION policyholders throughout the US, Globe Life has a sterling reputation in this area.

They’ve also been accredited by the Better Business Bureau since 1952!

So let’s check out their ratings now:

  • A.M. Best: A+
  • S&P: AA-
  • Comdex: 90
  • Better Business Bureau: A+

With these ratings, Globe Life is a company you can depend on to pay out your policy.

#2 No Medical Exam Life Insurance

As mentioned above, Globe Life offers excellent

no exam life insurance, among other life insurance products.

Globe Life’s no medical exam policies are one of the company’s strong points!

If you’re in need of protection RIGHT NOW because you’re unwell or are concerned that a medical exam will disqualify you for coverage, this type of policy could be ideal.

Just keep in mind that this route will cost you more money in the long run.

Globe Life Insurance Cons

There isn’t a life insurance company on the planet that doesn’t have some weak spots.

It’s simply crazy to think that there may be a perfect option out there.

What you need to do is weigh the positive and negative aspects of an insurer as they apply to your situation.

So let’s check out Globe Insurance Company’s cons:

#1 Globe Has Some Negative Customer Reviews

A strong financial rating is only one side of the coin.

If an insurer has a record of poor customer service, it can really cause problems.

The thing is,

ALL life insurance companies have some poor reviews because people are more likely to report a bad experience rather than a good one.

#2 Healthy People Could Be Overpaying

No exam life insurance is an AWESOME product for SOME people. It offers people coverage when they would be otherwise unable to get it!

It could also be the right call for you if you have a debilitating phobia associated with the medical exam.

The reason you might encounter higher premiums is that the insurer knows less about your personal circumstances and you are also paying to insure a

risky pool of applicants.

This means that if you’re a healthy adult or even someone with minor ailments, you may be able to find affordable medically underwritten insurance.

#3 Inadequate Coverage

Sufficient life insurance coverage is a BIG deal. I’ve talked about it before and I will talk about it again.

While there is NOTHING worse than being uninsured – being underinsured isn’t a great way to go either.

#4 Globe Life Has Low Face Values

Globe Life Insurance Company’s coverage is low, comparatively.

If you only need coverage for final expenses or to supplement another policy, that shouldn’t be an issue.

Assess your debt, expenses, and policy goals to decide how much coverage you need.