Choice Mutual Rating
2.0

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

In this article, you’ll see Globe Life insurance rate charts by age to learn how much their coverage costs. Alternatively, you can use a convenient cost calculator we built that shows accurate prices based on your state (rates vary by state).

We’ll also review how Globe Life policies work, if their coverage is worth buying, and which companies offer the best final expense life insurance.

Globe Life Insurance Rate Charts & Cost Calculator

The rate charts below show the monthly cost of Globe Life coverage for residents in various states, according to their official website. Alternatively, you can view prices in your state by using this handy cost calculator.

It’s important to remember that Globe Life will increase your premium every five years as you enter each new age bracket.

 

Tip:
These Globe Life rates are for residents who do not live in AL, DC, GA, MS, MO, MT, NY, OK, SC, or TN. Also, the prices over 80 are for renewals only. The maximum age for new applicants in these states is 80.

globe rate chart

 

Tip:
These Globe Life rates are for residents who live in AL, DC, GA, MS, MO, MT, OK, SC, or TN. Also, the prices from 76-79 are for renewals only. The maximum age for new applicants in these states is 75.

globe life rate chart

 

Does Globe Life Insurance Really Cost $1 Per Month?

The $1 per month life insurance offer from Globe Life is a marketing gimmick. $1 is the cost only for the first month of coverage. Your actual price will begin starting in the second month.

 

How Does Globe Life Insurance Work?

Globe Life sells an increasing premium term life policy that expires on your 80th or 90th birthday. How long the policy lasts depends on which state you live in. Be it 80 or 90, when the policy ends, you’re no longer insured and don’t get any money back.

Globe prices their coverage using a five-year age group system. Everyone in each age bracket pays the same rate. For example, people ages 51-56 all have the same premium.

In addition, your rate will increase as you enter each new age bracket. For example, a 66-year-old female who lives in Nevada will pay $49.58 monthly for a $20,000 policy. On her 71st birthday, she will enter a new age bracket, and her price will automatically jump to $67.81.

To qualify for Globe life insurance, you don’t have to take a medical exam, but you will have to answer health questions. There is no waiting period if approved, meaning you’re fully covered the day you make your first payment.

Because it’s a term policy, it will not accrue cash value like permanent life insurance.

 

Is Globe Life Insurance Worth Buying?

Globe Life is not ideal for people seeking life insurance to cover funeral costs for two principal reasons.

First, buying term life insurance to cover funeral costs is risky because most seniors live longer than a term policy lasts. If your policy expires before you do, your family will have to come out of their pockets to pay for your end-of-life expenses. That’s why you should seek a permanent whole life final expense policy to ensure you have coverage indefinitely.

The second big issue is that it’s tough to qualify for Globe’s coverage. They decline most seniors with common pre-existing conditions. Even if you wanted to roll the dice and buy a term policy to cover final expenses, there’s a slim chance Globe Life would approve you if you have common health issues among seniors.

As a side note, if you want a term policy for any reason, multiple companies offer lower prices (that don’t increase over time) than Globe Life.

 

Best Final Expense Insurance Companies

As discussed above, Globe Life is not ideal for seniors who need burial insurance. Below are five of the top no-exam final expense insurance companies offering lifetime coverage with prices that will never increase.

 

Mutual of Omaha

Founding Year: 1909
Choice Mutual Rating
5.0
A+
Superior

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 45-85
2-Year Waiting Period: No (subject to underwriting approval)
Coverage Amount Range: $2,000-$50,000
States Available: All States (except New York)
Product
Benefits
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness or is under nursing home confinement.
Optional Riders: Accidental Death (2X the payout for accidental death)
Application
Details
Where to Apply: Agencies licensed to sell Mutual of Omaha products (you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 10 Minutes to 2 Business Days
Common health conditions still eligible for no waiting period coverage:


Aneurysm
Arthritis
Asthma
Blindness
Blood clots > 2 years ago
Blood thinners
Cancer > 4 years ago
Circulatory surgery > 2 years ago
Crohn’s disease
Depression
Diabetes (type 2)
Diverticulitis
Epilepsy
Fibromyalgia
Grave’s disease
Heart attack > 2 years ago
Heart surgery > 2 years ago
Hepatitis A or B
High blood pressure
High cholesterol
Scleroderma
Seizures
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 2 years ago
Tumors (non-cancerous)

To get even more details, read our Mutual of Omaha review

 

Aetna

Founding Year: 1853
Choice Mutual Rating
4.5
A
Excellent
A+
Not Accredited

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 40-89
2-Year Waiting Period: No (subject to underwriting approval)
Coverage Amount Range: $2,000-$50,000
(varies by age)
States Available: All States (except New York)
Product
Benefits
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness that is expected to cause death within 12 months.
Optional Riders: Accidental Death
(2X the payout for accidental death)
Application
Details
Where to Apply: Agencies licensed to sell Aetna products
(you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 15 Minutes-3 Business Days
Common conditions still eligible for no waiting period coverage:


Afib
Aneurysm (if surgically repaired)
Arthritis
Asthma
Bipolar disorder
Blindness
Blood clots
Blood thinners
Cancer > 2 years ago
Chronic bronchitis
Circulatory surgery > 2 years ago
COPD
Crohn’s disease
Depression
Diabetes (type 1 or 2)
Diabetic coma > 2 years ago
Diverticulitis
Epilepsy
Fibromyalgia
Graves’ disease
Heart attack > 1 year ago
Heart surgery > 1 year ago
Hepatitis > 2 years ago
High blood pressure
High cholesterol
Insulin shock > 2 years ago
Lupus
Multiple sclerosis
Obesity
Over 85 life insurance
Pacemaker (installed > 1 year ago)
Parkinson’s disease
Sarcoidosis
Schizophrenia
Scleroderma
Seizures
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 1 year ago
Tumors (noncancerous)

To get even more details, read our Aetna review

 

Aflac

Founding Year: 1955
Choice Mutual Rating
4.5
A+
Superior

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 45-80
2-Year Waiting Period: No (subject to underwriting approval)
Coverage Amount Range: $2,000-$50,000
(varies by age)
States Available: All States (except New York)
Product
Benefits
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness that is expected to cause death within 12 months.
Optional Riders: Accidental Death
(2X the payout for accidental death)
Application
Details
Where to Apply: Agencies licensed to sell Aflac products
(you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 15 Minutes-3 Business Days
Common conditions still eligible for no waiting period coverage:


Afib
Aneurysm (if surgically repaired)
Arthritis
Asthma
Bipolar disorder
Blindness
Blood clots
Blood thinners
Cancer > 2 years ago
Chronic bronchitis
Circulatory surgery > 2 years ago
COPD
Crohn’s disease
Depression
Diabetes (type 1 or 2)
Diabetic coma > 2 years ago
Diverticulitis
Epilepsy
Fibromyalgia
Graves’ disease
Heart attack > 1 year ago
Heart surgery > 1 year ago
Hepatitis > 2 years ago
High blood pressure
High cholesterol
Insulin shock > 2 years ago
Lupus
Multiple sclerosis
Obesity
Over 85 life insurance
Pacemaker (installed > 1 year ago)
Parkinson’s disease
Sarcoidosis
Schizophrenia
Scleroderma
Seizures
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 1 year ago
Tumors (noncancerous)

To get even more details, read our Aflac review

 

AAA

Founding Year: 1969
Choice Mutual Rating
2.0
A
Excellent

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 45-85
2-Year Waiting Period: Yes
Coverage Amount Range: $3,000-$25,000
States Available: All States (except New York)
Product
Benefits
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Application
Details
Where to Apply: AAA Online Application
Phone Number to Apply: 1-888-523-1863
Medical Exam Required: No
Guaranteed Acceptance: Yes
Application Approval Time: Instantaneously

To get even more details, read our AAA review

 

AIG

Founding Year: 1919
Choice Mutual Rating
3.5
A
Excellent
F
Not Accredited

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

AM Best’s Financial Strength Rating (FSR) is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The scores range from A++ to D-.

The BBB rating is based on information BBB is able to obtain about the business, including complaints received from the public. BBB seeks and uses information directly from businesses and from public data sources. BBB assigns ratings from A+ (highest) to F (lowest). If a business has been accredited by the BBB, it means BBB has determined that the business meets accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints.

The Complaint Index compares a company’s performance to other companies in the market. The National Complaint Index is always 1.00. That means a company with a complaint index of 2.00 is twice as high as expected in the market. Reported scores are for the most recently available year and for “Individual Life” products.

Product
Details
Policy Type: Whole Life Insurance
New Applicant Age Range: 50-80
2-Year Waiting Period: Yes
Coverage Amount Range: $5,000-$35,000
States Available: All States (except New York)
Product
Benefits
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Accelerated Death Benefit: This free rider is automatically included. You can access the full death benefit while alive if the insured has a terminal illness or is under nursing home confinement.
Optional Riders: Accidental Death (2X the payout for accidental death)
Application
Details
Where to Apply: Agencies licensed to sell AIG products (you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 10 Minutes
Common conditions where AIG is a great choice


Arthritis
Asthma
Blindness
Blood clots
Blood thinners
Current or recent stage 0-1 cancer (only certain types)
Circulatory surgeries
Crohn’s disease
Depression
Diverticulitis
Epilepsy
Fibromyalgia
Grave’s disease
Heart attack
Heart surgery
High blood pressure
High cholesterol
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA

To get even more details, read our AIG review

 

Frequently Asked Questions

Globe life insurance rates increase every five years. Every time you enter a new five-year age bracket, your premium jumps accordingly.

The monthly cost of Globe life insurance is between $1.99 and $1,592. Your price will depend on your age, gender, state of residence, health, and how much coverage you select.

Globe life insurance is term coverage that ends at age 80 or 90. The age limit depends on which state you live in. For example, Globe coverage expires at age 80 in Alabama, but it ends at age 90 in Texas.

Globe Life does offer whole life insurance for children and adults. Globe’s child coverage can be quoted and bought on their website. However, Globe only quotes and sells their adult whole life insurance through the mail. You cannot buy their adult simplified whole life insurance online.