Is Globe Life insurance a good company? $1 for $100,000?

Question

They are offering a $100,000 term life insurance for just $1 first month with easy approval and no exam. Is this legit and a good company to get life insurance from?

Answer 1

If you only need insurance for one month, then $1 is a good price. If you need it longer than a month, then it will be much more expensive.

Answer 2

https://www.bestlifequote.com/blog/globe-life-insurance-review/



The $1 is for the 1st month only to lock you in to the policy.



But, you need to look at a schedule they included or found on their site of the cost to you based on your gender and age. Look at that to see what your 2nd month and following is going to be charged.



You also need to read to see if they raise your rates with each "tier" of age every 5 years, like 60 to 64 and 65 to 69 as an example to see how much it will cost, since that is what you will be paying.

Answer 3

They are a legitimate company that focuses on population segments that are marginally insurable such as the elderly and those in less than excellent health.



Don't be fooled by the 1st month teaser rates. Their rates are quite high compared to main stream carriers who focus on younger and healthier segments of the population. They often pay limited benefits for the first few years that the policy is in force.

Answer 4

No, Liberty mutual is better