Globe Life Insurance Review
$1 Buys you $50K in Life Insurance, what does it really mean?
Recently I have been getting a lot of calls from people who want to compare this “Great Deal” from Globe Life vs what I can offer. If this is your first time visiting my Life Insurance web site, I specialize in No Exam Life Insurance as well as No Exam Life Insurance for those that may have Health Impairments.
What they are offering is , in my opinion, a very poor option for those that are seriously looking for Term Life Insurance. I don’t want to spend a lot of time on this subject so lets get to it:
$1 buys you $50,00 in Coverage! ” Sounds great, where do I apply? ” The reality is you are only getting a 5 year Term Life Insurance Policy. I went all over their web site and ran a quote and applied before I was aware that these were only 5 year Term Policies. I am not sure why they don’t openly mention this on their web site? I will let you figure that one out on your own!
Their product is way overpriced. Here are some sample screen shots that I ran for a 40 year old male:
Global Quote: $50K / 5 year Term @ $35.99/mo. ‘ Hey Tom, that’s not so bad?’ Read on….
I ran the same 40 year old male on a No Medical Exam , Standard Health Class ( More lenient on Health Conditions) and here is what I would offer:
American National Life ( App can be done over the phone and approval in a about a week) came back with the best rates. But get this , my rate is for 10 years and not 5, So I have doubled your Term Length for half the cost!
American National $50K / 10 years $14.21
Bottom Line:
5 year Term Policies are never advised
Over priced policy
You now see why I don’t want to spend too much time reviewing this carrier? Use an independent agent who knows the market and who can help you get proper coverage at the best possible price!
Cal me or fill out my contact form. My number is 512-963-5000