Globe Life Insurance Company

Globe Life Insurance Company Details

Contact Information

Address:  Globe Life And Accident Insurance Company is based in Oklahoma City, Oklahoma 204 N Robinson Ave.

Contacts: 
Written Correspondence:
Globe Life And Accident Insurance
Oklahoma City, OK   73102

Telephone number: (972) 540-6542

Extra Phones: (405) 270-1400

Customer Service: 1-888-650-4081 for a complete 24 hours-a-day customer service experience.

Globe Life policyholders can access policy information online; make online payments, among many other services. This is can be done via http://www.globeontheweb.com

Brief History:

In 1951, two longtime friends, Ralph Reece and John Singletary established Globe Life And Accident Insurance Company with $60,000.The start up cash was borrowed. The founding fathers had a clear goal of offering the very best health and accident insurance folks in rural Oklahoma.

Since then, the company has continued to grow in financial strength and it is one of the most stable life insurance companies in the United States. It now covers upwards of 3.9 million policyholders. Its main area of focus is life insurance and auto insurance.

Global Life Insurance Company’s Financial Strength:

The Company has more than 3.9 million policyholders (August 2013). It boasts of a strong $66 billion plus insurance in force (August 2013). This is a strong financial position making it a stable company.

Global Life Insurance Company’s Rating:

A.M. Best Company awarded the Global Life an A+ Superior (August 2013). This was after independent analysis of its financial probity and strength among many other operational indicators.

The BBB has determined that Globe Life & Accident Insurance Company meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public. BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.

Company’s Facts:

On February 5, 2014, Globe Life and Accident Insurance Company purchased the stadium naming rights of Texas Rangers in Arlington, Texas. It runs for ten years.

The company is a fully owned subsidiary of Torchmark (NYSE: TMK), based in McKinney, Texas.

Globe originally dealt with cheap but reliable life insurance coverage to rural Oklahoma residents.

Globe Life Insurance Customer Rating:

Globe Life provides an easy access of information for policymakers. The company has a stable financial base and has a myriad of innovative products. The company rating is 5 star rating.

Globe Life Insurance Products:

   
It has a wide array of products such as adult life insurance, children’s life, accidental life insurance, mortgage protection and Medicare supplement. Globe Life has Employee Services Division (ESD) that serves the Government employees at the state and Federal levels. It offers special life and health insurance products tailored for this market segment. Government employees can buy Ordinary Life or Term insurance protection. This is aimed to cover where the Federal Employees Life Insurance is insufficient.

Its flagship product is Medicare supplement Insurance that covers what Medicare does not pay, such as deductibles, co-payments, outpatient hospital services, etc. The product is flexible and has very affordable rates, Nationwide “Automatic” Claims Filing and Freedom to choose your Doctors and Hospitals.

Coverage Area:

 
The Company is spread across the United States with branches and agent networks all across the country.

Process of changing policy:

The Company processes change of policy demands as fast as possible. Customers are allowed to change their policy after filling a change of policy form. The form captures all the information needed for the processing of the demand. One can also make the demand through the company’s interactive website.

 




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