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Globe Life Insurance

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  • $5,000
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  • $100,000
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✔ Monthly Rates as low as: $3.49 for Adults
$2.17 for Children or Grandchildren

What is Term Life Insurance?

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$1* Buys $100,000

Globe Life Insurance for Adults or Children

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✔ | No Medical Exam
Simple Application
✔ | No Waiting Period You Buy Direct
✔ Monthly Rates as low as: $3.49 for Adults
$2.17 for Children or Grandchildren

Term life insurance is considered pure insurance protection, and as the original form of insurance, it doesn’t build cash value. The reason for developing this type of insurance was so that people on a limited budget could get thousands of dollars in protection. As a result, a term policy can provide people with the affordable security of knowing their family’s lifestyle and goals will not have to change in the event the insured person dies.

Since many people want insurance to replace income upon the death of the breadwinner, they want to have enough insurance to cover the outstanding balance on debts, pay future college tuition for children, and provide extra cash reserve protection during the child-raising years. However, not everyone can afford whole life insurance premiums. In fact, studies shows that over 25 percent of American households lack any member with life insurance.

Of the many different types of life insurance, a reasonable option is term life insurance, which provides coverage for a specific amount of time, known as the term. This type of insurance is generally regarded as the most affordable and cost-effective, offering pure protection. Consumers can purchase enough life insurance to meet their needs.

Term life insurance can be less expensive than a whole life or variable life insurance policy because the policy may expire without the company ever paying out any benefits. With term life insurance, if the insured dies during the policy term, the beneficiary would receive a death benefit equal to the face value of the policy. If the insured does not die during the policy term, the beneficiary would not receive anything, and the coverage simply ends. Also, some consumers prefer to invest the monetary premium difference in term life vs whole life or variable life in a tax-deferred investment of their own choosing.

In short, with term insurance, the consumer is paying for the peace of mind of having temporary insurance coverage for a relatively small initial premium.

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Globe Life's values have remained the same since our roots began in 1900.

A rating
Globe Life is rated A (Excellent)** by A.M. Best Company based on their latest analysis of Globe Life's financial strength, management skills and integrity. (rating as of 7/20)
Rated A+ by the Better Business Bureau
Accredited Since 1952