Written by Kim Wilhelm
Last Updated 26 Mar 2023
Globe Life Insurance and Accident Insurance Company has been around since 1900, offering life and accidental death insurance policies.
They promise term or whole life insurance coverage, with no waiting period and no medical exam.
But wait, there’s more.
“Pay only $1 for the first month of $100,000 in life insurance!”
Sounds too good to be true?
Well, maybe not, but I'm sure you aren't surprised that there are a few catches.
Before you decide on that too good to be true price from Globe Life Insurance, let us explain why you may not want to consider another life insurance policy.
Why Buying Life Insurance Through Globe Life Insurance Isn’t Your Best Option
According to Globe Life, they have 4.3 million policyholders. That’s a lot of Americans that may not have read the fine print on their “cheap” life insurance policies.
When you buy final expense insurance, you expect to get:
- The same death benefit amount for the life of the policy
- Premiums that don’t increase until the term expires (or ever if you buy whole life insurance)
- Coverage that meets your needs, regardless of age
But at Global Life Burial Insurance, what you get is much different. Let’s take a look at their term life insurance policy, for example.
At Globe Life Insurance, you only have to pay $1 for your first month of coverage. Your monthly rates after the first month are based on your current age, the state you live in, and how much coverage you choose.
Global Life Insurance Term Life Insurance
For term life insurance, you can choose coverage amounts of:
Unless you’re above 60, then you can only get coverage up to $50,000. That’s not a whole lot of life insurance, and if you want to cover funeral expenses AND pay off outstanding debts, that $50,000 doesn’t go as far as you may think.
Globe Life’s term life insurance policy is a modified premium term-to-age-90 product. Translation: Expensive term life insurance!
Here's why it is more expensive then most of their competitors...
If you buy life insurance with Global Life Insurance, every year your age ends in a 1 or 6, your price goes up. So, if you buy life insurance at 45, expect a rate increase at 46, and then another one at 51, and then another at 56...all the way until you reach age 86.
Yes, you read that right.
EVERY FIVE YEARS YOUR WHOLE LIFE INSURANCE RATE GOES UP BUT YOUR COVERAGE STAYS THE SAME!!
And that is how they offer you their whole life insurance policy for a $1 the first month and a competitive price the first couple of years.
Because they keep raising your premium rates every five (5) years, until they are too high for you to afford them at an older age when you need the Globe Life Insurance plan the most.
But it gets worse!
Once you reach age 90, your coverage automatically expires on the anniversary date of your policy following your 90th birthday.
With Globe Life Insurance Reviews, if you’re a healthy American that lives beyond age 90, all those years of paying life insurance was for NOTHING.
Now, you’re a lot older and uninsured.
It will be very difficult to find affordable life insurance with the amount of coverage you need, even if you’re a healthy at 90 years old.
How does that $1 for the first month of life insurance sound now?
Compare and buy
A Better Global Life Insurance Option
If you’re a working class American at or near retirement age, we can help you get the coverage you need to protect your family at a price you can afford.
At Final Expense Direct, we work directly with you to get permanent final expense insurance over the phone and with coverage in place today.
You won’t ever have to worry about your rates life insurance policies rate increasing, your coverage decreasing, or having your coverage expire when you’re older and need the final expense insurance policy the most.
At FED, you’re never a number, you’re always a person with a name and family, and you’ll always speak with a person when you call us. We don’t have an automated system. You just call us at 1-877-674-0236 and a real, live, breathing person answers the phone.
Based on your information one of our professional life insurance agents will be selected to help answer all of your questions and help you decide what will be best for you.
The best part is your life insurance agent will be your agent for life, if you have any questions or concerns, you will have their direct phone number to contact them, anytime you need to.
Related Reading: What's the difference between Senior Legacy and Senior Legacy Life Insurance? We break it all down here.
Final Expense Direct by the Numbers
Years of Experience
Years in-a-row on INC 5000
Licensed in 49 States
You will be lucky to get a Globe Life representative on the telephone after you purchase a policy from them and the chances are very low that you'll speak to the same person twice.
If you’ve never experienced the process before, let us break down the four step process for you:
- Call us at 1-877-674-0236.
- Speak directly with an agent.
- Answer a few questions about your health and we’ll help you decide on the right plan for your coverage needs and budget.
- Get approved right over the phone, before you hang up.
Yes, it’s really that easy when you work with Final Expense Direct!
We have over 35 years of experience and work with hundreds of life insurance companies. No matter which life insurance company and coverage plan you choose, you’ll never have to complete a medical exam.
We do ask you a few health questions, but that’s because we work with so many life insurance companies. By understanding your current health situation, we can quickly match you with the best life insurance plan that fits your budget.
Note: According to a Penn State University study, 99 percent of all term policies never pay out a claim. Contact us to insure your family receives your life insurance money.
Sometimes people are a bit scared to answer medical questions because they may have a few health issues and worry that they may not qualify or possibly may be denied coverage.
While this sometimes is the case, let us tell you a little secret, almost EVERY one of our customers has some sort of pre-existing health condition, and we still can get them all coverage.
Plus, if you are not honest about your health conditions when you apply for a policy, after you pass away, the insurance company can look back at your medical history and if you were not truthful about your medical history can deny paying your death benefit to your family.
Even if you’re not in the best of health, we can still get you covered today.
Affordable, permanent life insurance that you can get over the phone without a medical exam? Yes, it’s possible with Final Expense Direct!
While we can’t guarantee you a $1 first month premium, we can promise:
Your rates won’t increase - ever!
Your coverage will never decrease
You won’t have to deal with an automated phone system, hoping you’ll eventually get to a live person
As long as you pay your premiums on time, you have coverage until the day you die
And you’ll get life insurance from some of the best companies in the industry.
Another great benefit to getting life insurance with Final Expense Direct? You also get accidental death coverage included with your life insurance policy.
With accidental death insurance, your beneficiary will get the life insurance death benefit PLUS an additional death benefit if you die in an accident. And unless you’re already terminally ill, you’re much more likely to die in an accident than you are for any other reason.
So why get sucked into a cheap Global Life insurance policy with an increasing premium that ends at age 90?
Do yourself a favor and call 1-877-674-0236 to speak with a live agent at Final Expense Direct. We are hard working Americans ready to help you get as much coverage as you need at a price you can afford.
Sure, we can’t offer you $1 for the first month of premium, but we can offer you a lot more. Peace of mind when you need it the most, knowing that your family is taken care of, even when you’re no longer here to do it yourself.
No gimmicks. No fine print. Just honest, affordable life insurance coverage. From a live agent who always remembers your name.
Give us a call today at Final Expense Direct. One phone call and you’re covered. Life insurance should always be this simple.
Other Final Expense Company Reviews:
- Nationwide Insurance Review
- Amica Insurance Review
- Bestow Life Insurance Review
- Aetna Insurance Review
- American Amicable Life Insurance
- Haven Life Insurance Review
- Royal Neighbors of America Insurance Review
- Mutual of Omaha Life Insurance Review
- AIG Life Insurance Review
- Fidelity Life Insurance Review
- Globe Life Insurance Review
- AARP Life Insurance Review
- Metlife Life Insurance Review
- Colonial Penn Life Insurance Review
- Lifeinsurancesavings.com Life Insurance Review
- National Family Life Insurance Review
- Great Western Insurance Company Review
- The Baltimore Companies Insurance Review
- Liberty Bankers Life Insurance Review
- Prosperity Life Group Review
- American Home Life Insurance Review
- Pioneer American Life Insurance Review
- AAA Burial Insurance Review
- State Farm Burial Insurance Review
- Americo Life Insurance
- Gerber Life Insurance Review
- United Freedom Benefits Review
- Trustage Life Insurance Review
- USA Family Protection
- ReliaStar Life Insurance
- Physicians Life Insurance
- Trinity Life Insurance
- Banner Life Insurance