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Who Owns Globe Life and Accident Insurance Company?
When it comes to life insurance companies, customers have no shortage of options. Whether you’re looking at a household name or a smaller company, it helps to know a little about a company’s history and what its goals and standards are. Here’s a little info about Globe Life And Accident Insurance Company and its parent Company, Globe Life Inc.
Globe Life Inc. is the parent Company of several insurance subsidiaries with acquisitions that date back to 1980.
Globe Life And Accident Insurance Company was founded in 1951. Since that time, it has been committed to providing quality, affordable insurance policies to working class families, giving them the ability to face the unexpected from a position of strength. It was created after two men, Ralph Reece and John Singletary, had an idea of starting a business and getting approved for loans totaling $60,000. Their venture began when they determined their agency would market inexpensive but dependable life insurance protection to Americans who were living in rural areas. They found success with a reputation of fairness and integrity, and during the span of 50 years, Globe Life And Accident Insurance Company grew into a position of prominence within the insurance industry.
In 1980, Globe Life And Accident Insurance Company was acquired by Liberty National Life Insurance Company and the holding company known as Torchmark Corporation (now Globe Life Inc.).
Torchmark Corporation Becomes Globe Life Inc.
On August 8, 2019, Torchmark Corporation was officially renamed Globe Life Inc. The name change was part of a brand alignment strategy that will enhance the Company’s ability to build name recognition with prospective customers and agent recruits through the use of a single brand.
While the individual insurance subsidiaries owned by Globe Life Inc. will continue to exist as legal entities and retain their unique cultures and market niches, they will all eventually use and take advantage of the Globe Life brand.
Globe Life Inc. Subsidiaries
Globe Life Inc. includes the following Companies:
- Globe Life (Globe Life Accident And Insurance Company)
- Globe Life Liberty National Division (Liberty National Life Insurance Company)
- Globe Life Family Heritage Division (Family Heritage Life Insurance Company Of America)
- American Income Life (American Income Life Insurance Company)
- National Income Life (National Income Life Insurance Company)
- United American (United American Insurance Company)
- Globe Life of New York (Globe Life Insurance Company of New York)
- Globe Life Employee Services Division (Employee Services Division)
The Company Behind the Coverage
Since 1951, Globe Life And Accident Insurance Company has grown in financial strength and reputation. Globe Life And Accident Insurance Company is proud to provide life insurance coverage to 4.3 million policyholders. Globe Life has an A (Excellent)** rating from A.M. Best Company (rating as of 7/20). Based on the latest analysis of their financial strength, management skill, and integrity, this rating assures customers that first and foremost, Globe Life And Accident Insurance Company is committed to providing every policyholder with a lifetime of superior service.
A Strong History with a Strong Future
Customers have relied on the subsidiaries of Globe Life Inc. for years, and each subsidiary has a solid history and strong financial strength ratings. Now they are backed by the Globe Life name, utilizing its renown while continuing to operate with their established cultures and ways of business. Like the evolution of its name, Globe Life Inc. and its subsidiaries continue to evolve and provide superior customer service and reliability.
To learn more about each of the Globe Life Inc. subsidiaries and divisions, you can visit their websites:
- Globe Life Liberty National Division https://www.globelifelibertynational.com/
- Globe Life Family Heritage Division https://www.globelifefamilyheritage.com/
- Globe Life Employee Services Division https://www.esdglobe.com/
- Globe Life Direct Response https://www.globelifeinsurance.com/globelifedirect
- American Income Life https://www.ailife.com/
- United American https://www2.unitedamerican.com/
- Globe Life of New York https://www.globelifeofnewyork.com/
**A.M. Best Company rating as of 7/20 based on financial strength, management skill and integrity. For the latest rating, access www.ambest.com. http://www.ambest.com/
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