Global Life Insurance

A little over fifty years ago in Oklahoma City, Oklahoma two men borrowed $60,000 and started an insurance company – Global Life Insurance. Today, Global Life Insurance is among the most well respected American life insurance companies in the industry. Today, the company has over $55 billion dollars worth of insurance in force and is rated A+ (Superior) by AM Best, an independent insurance analyst which bases its analysis upon the financial soundness and fiscal strength of the company.

As a wholly owned subsidiary of Touchmark Corporation, which is traded on the New York Stock Exchange. (Symbol – TMK) Touchmark’s rating is among Standard and Poors 500 companies and has no sub-prime lenders in its portfolio, nor does it have any structured securities with affiliations with sub-prime lenders. This fact alone speaks to the integrity of the organization. It’s no wonder that Global Life has emerged among the most financially stable of America’s insurance writers. (It should be noted that Titus Bocseri, former Vice President of Globe Life Insurance is now among the insurance council experts at GLG research and a frequent speaker at securitization conferences around the world.)

Specializing in life insurance and earning high rankings Globe Life Insurance  reviews, Globe offers three specific products geared toward different market segments.

• Children’s life insurance – many parents and grandparents wish to start their youngsters off on the right foot by purchasing a life insurance policy for them at an early age. This not only provides a death benefit to the beneficiary in the event that the child dies unexpectedly, but also secures and guarantees life insurance coverage even if the child is diagnosed with a serious disease later in life.

This life insurance product is a whole life insurance policy which means it has a savings component. As premiums are paid over the years, the cash value of the policy grows and can be used for education expenses or other investments when the child is grown.

• Adult life Insurance – Global calls their adult life insurance policy Extralife. This policy may be purchased in $5,000, $10,000, $20,000 or $30,000 values which pay the full death benefit from the first day the policy takes effect. This policy makes it possible for adults to secure the future of his loved ones by leaving them the cash they might need to pay down a mortgage loan, or start a child’s college career.

This policy will remain in effect until the policyholder dies or the premiums are no longer paid even if the policyholder takes on hazardous employment or becomes seriously ill.

• Accidental death insurance – The Protector Plan is a policy which is designed to pay a death benefit if you or a family member is accidentally killed. Coverage guaranteed by this accident insurance is guaranteed for applicants who are between age 18 and 69. No medical exams are required and coverage will not be cancelled because of your health or your occupation. The coverage level will not decrease for seniors until they reach 70-years old when the coverage will be reduced by 50%.

Global Life Insurance – Thirty Days for a Dollar

Each of these policies will cost the policyholder $1.00 for the first month’s introductory premium. Then, the premium amount will be calculated depending upon risk factors within your application such as your age and where you live. Rate quotes online are available at the company’s website for these insurance products. All you need do is answer a few questions. Your coverage begins immediately upon acceptance – there are no waiting periods with Global Life. (You will note that we do not mention universal life or whole life insurance quotes here. Globe Life Insurance does not offer them.)

The application process for any of these life insurance policies is simple. The Global Life website has applications which you can fill out and submit online. No agent will call upon you, and there will be no medical exams.

With Global Life insurance all your customer service needs are just a few computer mouse clicks away. At Global’s e-service site, you may make online payments with billpay, review your online policy, check on premium payments and ask your questions 24 hours each day, all seven days of the week.

A word of caution – Eglobal is not Global

You may find many websites on the internet which use the term “Global” as part of their name. Don’t be fooled. Names like, Eglobal health, and Global Health Insurance, Global Term Life Health, and Global Life and Accident are not necessarily affiliated with Global Life Insurance of Oklahoma City, USA. Name recognition is a valuable asset, so new or unremarkable companies often borrow Global’s good name. And just because some insurance companies have Global Offices does not mean they are selling Globe Life Insurance.

Business being what it is, it is not unusual for insurance companies to be acquired by other corporations and name changes often occur. The company once known in Canada as Gerling Global Life Insurance Company, for example, was purchased by Royal Life which, in turn, sold out to another company. What was once Gerling is now Maritime Life. It’s a good idea to keep in touch with your life insurance company unless it happens to be one of the titans of insurance.

In order to know the company you’re dealing with, look for physical addresses and phone numbers for actual office locations. Check with the BBB (Better Business Bureau) and be sure to check the industry index for ratings of the company you’re considering. No matter if the company exists in Japan, New Jersey, Texas, Canada or even Globe Life Insurance of Chicago it will have an address and phone number. If it does not, it deserves a bit more scrutiny.

With innovative products and a solid commitment to its policyholders, Global Life Insurance is a growing, thriving financial institution which has earned the highest praises in the industry.

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