2024 Globe Life Burial Insurance Review Seniors Beware

Are you wondering if Globe Life Burial Insurance is legit, good for seniors, go up every 5 years etc.? Well Globe Life burial insurance is a legitimate life insurance policy, no Globe Life is NOT good for seniors and yes Globe Life policy premiums increase every 5 years(if you get their term policy instead of whole life) until it is unaffordable and you have to drop the coverage. Globe Life made our list of the worst life insurance companies for seniors for all those reasons we just stated.

There are no medical exams with a $1 initial premium for the first month of coverage. The 2nd month the price increase’s to the actual premium you will be paying monthly. Policy expires at age 90 with price increases every 5 years due to its 5 year automatic renewals.

In this Globe Life burial insurance review we will go over their products, complaints, reviews and prove they are not worth it for seniors.

What is Globe Life Burial Insurance?

First and foremost, Globe Life does not have a policy called “Globe Life Burial Insurance”.

They have Term Life Insurance, Whole Life Insurance for Children, and Whole Life Insurance for Adults. None of their policies require a medical exam but they do ask health questions and look at your Medical Information Bureau Health Report and a Prescription Check.

Globe Life Term Policy

We have seen term policies in the past with face amounts between 5,000 to 50,000 but Globe’s credit they offer $5,000 to $100,000. Now here are the major cons to this policy.

  • Coverage expires at age 90
  • Your premium increases every 5 years

There is also no cash value in term coverage. Cash value is like separate savings accounts that build over time in Whole Life policies but not in this.

To put it in perspective your monthly payments are going to continue to increase well into your elderly years until they become unaffordable and you are forced to drop the coverage because it is too expensive.

Furthermore, even if you decide to keep the coverage no matter how expensive it gets the policy is guaranteed to expire at age 90.

With today’s modern medical advancements you can end up living past this age then when your policy expires your family has nothing to protect them from your final expenses.

This is a very serious and unnecessary gamble. There are plenty of life insurance products that will not put you through this risky situation.

We can easily get you a whole life policy with fixed premiums that will never increase as you get older.

This product can be the first thing you have pitched to you if you call Globe Life Insurance Company.

This is why we encourage you when looking into purchasing coverage to ask as many questions as possible about the policy.

Furthermore, another gimmick is you may have heard Globe Life advertising that you can get $100,000 in coverage for just $1 a month.

This is true only for the 1st month, after that the premium goes to a much higher monthly rate.

Globe’s Term Health Questions

Globe will ask you health questions during the application process like:

  • Currently, Hospitalized?
  • Cancer
  • Coronary Artery Disease
  • Heart Disease
  • Brain Disease
  • Liver Disease
  • Kidney Disease
  • Kidney Failure
  • Muscular Disease
  • Mental or Nervous Disorder
  • Chronic Obstructive Lung Disease
  • Drug or Alcohol Abuse
  • Diabetes
  • AIDS
  • ARC
  • HIV
  • Chronic Illness
  • Felony
  • DUI’s

As you can see not only are their gimmicks when Globe offers term. It is also extremely difficult to pass their underwriting and be approved for the policy. There is no guaranteed acceptance for it.

This is why we do not recommend bothering with this product when there are so many better-term options and whole-life options out there.

Why would you want to buy something that is going to become more expensive as the years go on and that will expire if you outlive it?

This would leave your family in a tough spot having to cover your funeral out of their own pocket. Imagine calling into Globe Life when your loved one dies to file your claim only to find out that since they were age 91 they had no more coverage and you are responsible for that whole bill.

We talk to clients on a regular basis that have gone through this exact scenario.

Globe Children’s Whole Life

Globe Life insurance company for children is actually good coverage. We say this because it actually works the way whole life insurance always should.

The pro’s of this coverage are as follows:

  • Premiums that never increase
  • Coverage never expires
  • Builds value

Furthermore, people between the ages of 0 – 24 years old can get this coverage. Now the face amounts only go between $5,000 – $30,000 depending on your state.

This is a con to the policy we can get children coverage up to 50,000 with the carriers we work with so this is a drawback to the policy considering you can get much more coverage elsewhere.

Health Questions

The health questions are as follows:

  • Ever diagnosed with a chronic illness?
  • Ever Diagnosed with AIDS?

Those are the only 2 health questions, this coverage is easy for a child to qualify for. This coverage may be good but you can still find much better rates and higher amounts of coverage with different companies.

Fill out the form to your right to see pricing on the top carriers in your area and speak with one of our agents.

Globe Life’s Adult Whole Life Insurance

Globe’s whole life insurance for adults is much more expensive than many different life insurance carriers out there like Prosperity life or Greek Catholic Union. When it comes to burial insurance there are much better companies that will provide cheaper coverage that is easier to qualify for than Globe Life burial insurance.

The 3 main factors why we do not recommend Globe Life are:

  • Globe Life burial insurance rates are more expensive than other companies
  • Hard to pass underwriting and qualify
  • Gimmicks

Globe Life Complaints, Reviews, Ratings

According to the National Association of Insurance Commissioners (NAIC). Globe life does not have a good reputation considering their reviews and complaints.

Globe Life in 2019 had complaints higher than other life insurance companies in the industry. The complaint index according to the NAIC was 7.19 whereas the median is only 1.00.

As you can see this is quite the jump compared to what is considered normal according to these statistics. This means Globe Life is not doing something right according to those complaints.

We do not know exactly what is causing these types of complaints it could be anything from their customer service to how they handle claims from their customers but regardless no one wants statistics like this.

Furthermore, would you feel comfortable doing business with a company that has a reputation like that? If their numbers are that high who is to say you couldn’t wind up being the next person to file a complaint?

Globe Life Insurance Reviews & Financial Ratings

  • Better Business Bureau Rating: A+ Rated, Customer Reviews are at 1.21 out of 5 Stars with 201 Complaints closed in the last 3 years and 87 complaints closed in the last 12 months as of 5/16/2023.
  • Fitch Rating: A+ (Strong)
  • Standard & Poors Global Rating: AA-(Very Strong)
  • AM Best Rating: A(Excellent)

Globe Life Insurance Reviews from Customers Complaints

They have several negative customer reviews in 2023 from customers that were unsatisfied with their services. One customer expressed frustration regarding the claims process and customer service through their Globe life insurance complaints.

You can read the full thread of negative Globe Life Insurance Reviews from the Better Business Bureau.

Globe Life Insurance Phone Number & Overview

Globe Life was founded in 1951, in Birmingham, AL. Their phone number is 1 (877) 577-3860. The current CEO is Larry M Hutchison and the company’s actual headquarters is located in Mckinney, TX.

Website: https://home.globelifeinsurance.com/

Globe Life Final Expense Insurance is Their Term Life Policy

Globe life’s term life insurance policy is not suitable for burial insurance. The policies premiums increase every 5 years which means it will eventually become unaffordable. In addition to this since the policy expires at age 90 if you outlive it you will have no final expense insurance options available.

This means you will eventually be overpaying for your policy and have no other options if you outlive it. A burial insurance policy is supposed to be a permanent whole life policy that never expires no matter how long you live.

The premiums should never increase throughout the life of the policy.

Is Globe Life Insurance Worth it?

No, we do not believe it is considering the more expensive rates people have to pay and the fact that premiums can increase. There is no real advantage to having one of their policies.

It does not benefit you and your better interests as a consumer. This is why we do what we do to help our clients understand that they don’t have to settle for high insurance rates.

There is a much better way.

Work With ParamountQuote

Work with the experts and that’s us.

We are a national independent broker with access to all of the top major carriers available in all 50 states. We have helped thousands of individual clients and can easily help you too.

Your success in finding the right policy to preserve your family’s financial future is our top priority. It is what we are most passionate about.

We specialize in burial insurance for seniors and help 90% of our clients that even have moderate health conditions qualify and secure day one level coverage. Our agents are trained to know the underwriting niches of life insurance carriers that guarantee you the best coverage and rate available.

Furthermore, we pride ourselves on holding our client’s hands every step of the way and educating you so you can make a properly informed decision that will benefit your family when you die.

We are not captive this is what makes us able to help our clients get the best rate. We have all of the top-rated carriers available to you and match you with the best one available.

If you decide not to work with use please make sure whoever you go with that they are a broker capable of shopping multiple carriers to find you the best rate and also that they know the niches of the carriers to secure you level coverage.


Here are some frequently asked questions concerning Globe Life and its coverage.

“Is globe life a ripoff?”

Considering the higher premiums they offer compared to other life insurance carriers we would say yes you are better off with a different company.

“What does globe life insurance cover?”

They cover end-of-life expenses if you die while having an active life insurance policy with them.

“Is globe life a good life insurance?”

It is good because it will pay out if the insured dies however it is overpriced and there are better options out there.

“Is there a waiting period for Globe Life insurance?”

No, if you pass underwriting it is day one coverage.

“Is Global Life insurance whole or term?”

They do both but the term product is what you mainly see advertised.