Globe Life Insurance Company

Globe Life Insurance Company, also known as Globe Life and Accident Insurance Company, is a leading insurance provider in the United States. The company was founded in 1951 in Oklahoma City and has since then expanded to offer insurance services in 49 states. Globe Life provides a range of insurance policies, including life insurance, accident insurance, and supplemental health insurance. In this journal article, we will explore Globe Life Insurance Company in detail, including its history, insurance products, and customer service.

History of Globe Life Insurance Company

Globe Life Insurance Company was founded in 1951 by Ralph Reece and John Singletary in Oklahoma City. It started as a small insurance provider offering burial insurance policies to local residents. Over the years, Globe Life expanded its services and started offering life insurance, accident insurance, and other insurance policies to customers across the United States. In 1983, Globe Life became a publicly traded company and is now listed on the New York Stock Exchange under the symbol “GL”. Today, Globe Life has over 4 million policyholders and is one of the leading insurance providers in the country.

Timeline of Globe Life Insurance Company:

As seen in the table above, Globe Life has achieved many milestones throughout its history, including surpassing $1 billion in assets in 1994 and acquiring United American Insurance Company in 2017.

Insurance Products Offered by Globe Life

Globe Life offers a variety of insurance products to meet the needs of its customers. Some of the insurance policies offered by Globe Life include:

Life Insurance

Globe Life provides life insurance policies with coverage amounts ranging from $5,000 to $100,000. These policies are designed to provide financial security to the policyholder’s family in the event of their death. Globe Life’s life insurance policies are available to individuals between the ages of 18 and 80 and do not require a medical exam to apply.

Accident Insurance

Globe Life’s accident insurance policies provide coverage for accidental injuries and death. These policies are available to individuals between the ages of 18 and 69 and provide benefits such as accidental death coverage, dismemberment coverage, and hospitalization benefits.

Supplemental Health Insurance

Globe Life’s supplemental health insurance policies provide coverage for expenses that are not covered by traditional health insurance plans. These policies are designed to help individuals cover the costs of things such as hospital stays, prescription drugs, and doctor’s visits. Globe Life’s supplemental health insurance policies are available to individuals between the ages of 18 and 89.

Customer Service at Globe Life

Globe Life is committed to providing excellent customer service to its policyholders. The company has a team of customer service representatives who are available to answer questions and help customers with their insurance needs. Globe Life also has an online portal where policyholders can manage their policies, make payments, and update their personal information.

Frequently Asked Questions about Globe Life Insurance Company

Below are some frequently asked questions about Globe Life Insurance Company:

1. What types of insurance policies does Globe Life offer?

Globe Life offers life insurance, accident insurance, and supplemental health insurance.

2. Do Globe Life’s insurance policies require a medical exam?

Globe Life’s life insurance policies do not require a medical exam to apply.

3. What is the coverage range for Globe Life’s life insurance policies?

Globe Life’s life insurance policies provide coverage amounts ranging from $5,000 to $100,000.

4. Does Globe Life offer online account management?

Yes, Globe Life has an online portal where policyholders can manage their policies, make payments, and update their personal information.

5. What is Globe Life’s commitment to customer service?

Globe Life is committed to providing excellent customer service to its policyholders. The company has a team of customer service representatives who are available to answer questions and help customers with their insurance needs.

Conclusion

Globe Life Insurance Company is a leading insurance provider in the United States that offers a range of insurance policies, including life insurance, accident insurance, and supplemental health insurance. The company has a rich history dating back to 1951 and has achieved many milestones throughout its history. Globe Life is committed to providing excellent customer service to its policyholders and has a team of representatives available to answer questions and help customers with their insurance needs. If you’re in need of insurance coverage, consider Globe Life Insurance Company for your insurance needs.