Globe Life’s mortgage protection insurance covers mortgage payments if the insured person dies or suffers dismemberment (such as a hand, foot or eye) in an accident. Globe Life’s mortgage protection insurance Globe Life’s final expense insuranceįinal expense insurance, also called burial insurance, is designed to mainly cover funeral costs, small unpaid debts or even lost income if you die. The policy pays a death benefit and builds cash value over time.Ĭoverage choices are $5,000, $10,000, $15,000, $20,000, $25,000 and $30,000.Īfter the first month of coverage, the rates are based on the child’s current age and will stay the same throughout the child’s life. Globe’s children’s life insuranceĪ parent or grandparent can buy a Globe whole life insurance policy to cover a child or grandchild. Whole life insurance typically costs more than term life insurance.Ĭoverage amount choices for Globe’s whole life insurance are $5,000, $10,000, $20,000, $30,000 and $50,000. It pays a death benefit to your beneficiaries after you die, and it builds cash value. Whole life insurance, also known as permanent life insurance, covers you for your entire life. The company’s term life policies expire when the insured person reaches age 90. Unlike level-term life insurance, Globe Life’s term life insurance rates are based on your age at issue, and then premiums increase as you enter each new five-year renewal period. Initial monthly price after first month (rate increases begin after five years) Globe Life term life insurance rates for a 50-year-old male The first month of Globe Life coverage costs $1 for term life, and after that your rate is based on your age.įor example, here are monthly Globe Life term life rates for a 50-year-old male, after the first month for $1. In some states, you may not be able to buy more than $50,000 in coverage if you are 60 or older.
Globe Life’s term life insuranceĪt Globe Life, term life insurance periods typically range from one year to 30 years. Globe Life does not require medical exams for its life insurance policies.
If you’re looking for a different kind of life insurance, you’ll find more types on this list of best life insurance companies. In addition, it offers final expense insurance (also called burial insurance) and mortgage protection insurance. Globe Life sells term life, whole life, children’s life insurance and accidental death insurance.
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