Globe Life And Accident Insurance Company, headquartered in McKinney, Texas, is a heavily advertised name in low-cost life insurance. It holds an A (Excellent) financial strength rating from A.M. Best, affirmed in October 2024. Its whole life coverage is frequently used for burial and final expenses, and is best known for a $1 first-month introductory offer.
Where Globe Life is strong
Globe Life issues guaranteed-acceptance whole life with no medical exam, applied for by mail or online. Acceptance is simple, the brand is familiar from decades of advertising, and the company’s A (Excellent) rating signals solid financial strength for a lifetime policy. For someone who wants a small, no-exam policy without an agent visit, the application is about as easy as they come.
Where it falls short
The headline $1 offer is an introductory rate — the ongoing premium is the real number, and it belongs next to competing quotes before you sign. Globe Life’s face amounts are small, so a policy may not cover a full funeral plus medical bills on its own. It is also not sold in New York, and its direct-marketing model means you never see a competing carrier’s price.
The independent alternative
As an independent brokerage, we put Globe Life’s ongoing premium beside the other carriers we represent, so the comparison happens before you commit — not after. See what coverage should cost on our final expense cost page, read the burial insurance overview, or get a quote to compare carriers side by side.