Should you buy Globe Life’s final expense insurance?
First, “Globe Life Final Expense Coverage” almost always tries to sell its 90-year policy.
To that, we urge you to say no.
Here’s the thing.
No one knows when you will die.
If you die after your Globe Life term life insurance policy expires, how will you pay your final expenses?
The answer is that you want. Your family will have to pay the bill out of pocket (or go into debt) and that’s what you’re trying to avoid!
Globe Accident and Life Insurance Company now have whole life insurance for adults. That would be significantly better, but there’s a catch…
First, it is difficult to qualify for your entire life insurance policy. After talking to hundreds of seniors who have dealt with Globe, they don’t seem to be very accepting of the common health issues that seniors deal with.
So even if you wanted burial insurance from Globe Life that’s for life, they probably won’t even accept you if you’re in similar health to any of the seniors we’ve talked to over the years.
Second, there are much better companies (for a lower rate too) than Globe Life if you want a whole life insurance policy for funeral expenses.
In general, Globe Life’s funeral insurance is not ideal for anyone. You can get much better insurance policies from other insurance companies.
If you want, call us at 1-877-522-6218 and we’ll determine in 60 seconds which other companies would offer you a better deal.
Globe Life & Accident Insurance Company Ratings and Information
Globe Life and Accident Insurance Company was founded in 1951. They used to be owned by the Torchmark Corporation.
However, as of August 8, 2019, Torchmark Corporation officially changed its name to Globe Life Inc.
Globe’s headquarters are located in McKinney, Texas. If you are currently a Globe policyholder and need service on your policy, please call them at 1-877-577-3860.
Below are their ratings from the most respected rating agencies. These ratings are current as of 3/1/2020.
- AM Best: A+
- Better Business Bureau: A+
- Fitch: A+
- Moody’s: A1
If you’re trying to file a claim with Globe, call them right away or visit this page.
How to find the best funeral insurance
If you’re looking for an insurance plan to ensure your final expenses are paid, there’s a better way to go.
To find the best final expense life insurance, the most important thing you can do is work with an independent agency that represents multiple insurance companies.
An independent agency will compare offers from dozens of life insurance companies to see which one will offer you the best deal.
See when you deal with Globe, they can only offer you Globe life insurance. If Globe turns you down, you simply have no other options because they only offer one company.
However, when you deal with an independent agency, they will simply match you with the burial expense company that is best for you.
And keep this in mind.
Working with an independent agency doesn’t cost you money. Their services are totally free!
Plus, the insurance itself doesn’t cost you more because you bought it through an agency. Even if you could buy it directly from the insurance company, the price would be identical to what it would be through an agency.
