At Bluewave Insurance we are proud to present our clients with Globe Life Burial Insurance. We believe they provide exceptional life insurance products that will suit many seniors’ needs. To tailor a plan just for you, contact us at 800-208-4974. We would be happy to compare rates and find a plan best for you.
Globe Life Company Background and History
Globe Life was founded in 1961 by Ralph Reece and John Singletary, they are currently based in McKinney, Texas and have been providing the public with health and life insurance for over 69 years. This company started with humble beginnings, which set to provide rural Oklahoma communities with affordable life insurance plans. Since then, it has marketed itself nationally through and has grown its insurance premiums to over $800 million.
Globe Life is also publically traded on the US stock exchange so with a small investment you can be involved in this company. Here is the list of services they offer:
- Globe Life Medicare Supplement
- Children’s Life Insurance
- Globe Life and Accident Insurance Company or Accidental Death
- Mortgage Protection
If you’d like to learn more about Globe Life and their insurance offerings, give us a call at 800-208-4974. One of our trusted insurance agents would be happy to answer any questions you may have.
Globe Life Insurance Review of Financial Strength and Ratings
Globe Life is financially very strong they have over $4.4 billion in revenue, $706 million in operating income, and a total asset of $22 billion. There’s no doubt that over the years Globe Life has turned into a financial powerhouse, selling life insurance products that suit customers’ needs.
According to A.M Best, they currently have an A+ rating (Superior) which is one of the highest ratings you can receive as a company. They also have an AA- (Stable and secure) rating from Standard & Poor, this demonstrates that they are an ideal company to invest in. Most of all, they have an A+ (highest) rating on the Better Business Bureau (BBB) which shows they have been providing a great customer experience for their clients.
It’s clear to see that Globe Life excels financially and has the capital to pay out insurance claims. If you would like to learn more about Globe Life or sign up for their products, give us a call at 800-208-4974. We would be happy to provide you a free consultation or quote comparison!
What are the benefits of having a Burial Insurance or a Final Expense Policy?
One thing is evident, is that you will end up passing one day. you can’t be sure if it’ll be in the next 10 or 30 years, but you have to be prepared. That’s where having burial insurance, or final expense insurance as it’s sometimes called, is so important to have.
With burial insurance, you don’t have to worry about who will be paying for the funeral expenses, like a funeral home, cremation, headstone, reception, and all that. Depending on your provider and plan, burial insurance may pay for it fully or partially. Also, the monthly rates for premium payments can grow over time with interest, the cash-value at the death benefit payout may be higher.
The payout can also be used for other things under then funeral expenses, if you were able to cover all the burial cost with the payout plus have excess, that money is free for appointed beneficiaries to use in whatever they feel necessary. That money could be used to pay medical bills, mortgage payments, and other expenses.
If you think you can benefit from burial insurance or a final expense policy, give us a call at 800-208-4974. We truly believe that folks should have access to learn more about this information. Our trusted insurance agents would be happy to guide you in any of your burial insurance journeys.
Death Benefits of a Globe Life Insurance Company Burial Policy
Globe Life offers a couple of burial insurance products meant to protect you and your loved ones from unexpected costs. The two life insurance policies we’ll be elaborating on in this article are whole life insurance and term life insurance. These two plans vary in many ways, such as coverage amount and monthly premiums. But overall, they offer a nice payout that will give you peace of mind when the time comes.
Here are some of the reasons why folks choose Globe Life as their burial insurance provider.
- No medical exam required
- Fixed death benefit amount
- No waiting period
- Easy application process
Even though Globe Life comes with those advantages, there are some disadvantages to the provider such as increasing premiums as you age, expensive rates, low death benefits, and some restrictions. However, folks have still been able to capitalize on Globe Life and their burial insurance and get full coverage.
To find out more about Globe Life and their final expense policies, give us a call at 800-208-4974. One of our experienced insurance agents would be happy to help you compare rates and answer any questions you may have.
Luckily for folks signing up for Globe Life burial insurance, there is no waiting period, coverage starts from the moment you sign up. On top of that, there is also no medical exam, so there is a much higher chance for seniors to get accepted who has preexisting conditions. To learn more about Globe Life’s burial insurance plans, give us a call at 800-208-4974 to learn more.
Globe Life offers a maximum death benefit of up to $100,000 with their Term Life insurance plan. This means that if the policyholders pass away before the age of 80, the appointed beneficiaries have the opportunities to receive that death benefit.
Globe Life Whole Life Policy Plan
Globe Life Whole Life insurance plan offers coverage that has a maximum payout of $50,000 with cash-value growth. This plan also doesn’t require a medical exam, just simple health questions. Since this is a permanent life insurance plan, the plan never expires as long as you continue paying the monthly premiums.
Since they don’t take your medical exam, technically Globe Life is taking in more of a risk, in that case, monthly premiums are more expensive compared to other providers that require a medical exam.
One of the upsides of having the whole life insurance policy is that the cash value builds up on a tax-deferred basis. Meaning, gains in cash accumulate without being taxed until it’s withdrawn. This means the cash compounds over time, and it can also be withdrawn in case of emergencies as a loan but with interest. The loans and interest will be deducted at the death payout.
If you think getting a whole life insurance policy with Globe Life might be the direction for you, give us a call at 800-208-4974. One of our trusted insurance agents would be happy to help you sign up or answer any questions you may have.
Globe Life Term Life Policy
Globe Life also offers a Term Life plan that provides coverage up to age 80, with a maximum payout of $100,000. This is a pure death benefit without any cash value. Even though this has a way lower monthly premium, the pricing is based on the age that the policyholder is during the time of applying.
Even though the premiums are cheaper at the start, they continue to grow over time as more risk is placed on Globe Life. So, every five years, coverage increases. As mentioned before, coverage is only available up to 80 years old, in that case, once you reach 81 years old you would have to sign up for another plan.
It’s recommended that if you’re signing up for Globe Life burial insurance, you take into account the limit of age coverage. Term life is up to 80 and the whole life is until the policyholder stops paying for benefits.
If you have any questions about coverage, give us a call at 800-208-4974. We would be happy to clear any confusion and help you find the right burial insurance plan for you.
Our Expert Advice
We highly recommend that all seniors sign up for burial insurance. This gives you the peace of mind that you and your loved ones will be taken care of even after your death. This takes the burden of the high funeral costs away from folks and makes sure the funeral homes, caskets, cremation is all paid for. At Bluewave insurance, we highly recommend Globe Life and their life insurance products. We believe that they can pay out claims fast and easy and many seniors can qualify for their plans.
thumbIf you have any questions or would like a free consultation and quote comparison, give us a call at 800-208-4974. Our trusted insurance agents would be happy to assist you.
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