The company began over a half century ago, in 1951, when two men had an idea for starting a business. After getting approved for loans totaling $60,000, they planned to open an insurance agency and conceived the name:
‘Globe Life And Accident Insurance Company’Their venture began when the founding fathers determined their agency would market inexpensive but dependable life insurance protection to Americans who were living in rural areas. Eventually, using their loans, they opened shop in the Oklahoma communities as an insurance agency where they built and guarded their reputation of fairness. As admiration for the integrity of their business dealings grew, their enterprise became a success. In 1964, after 12 years, Globe Life employees began to market life insurance to their customers in 36 states. During the span of 50 years, Globe Life and Accident Insurance Company grew into a position of prominence within the insurance industry. In fact, the company now has 3.3 million policies in force, and over $48 billion of insurance with $2.4 billion in assets.
Name RecognitionGlobe Life&rquo;s success can largely be credited to the fact that customers recognize the company name, including many of them who are aware that their parents and grandparents held policies with Globe Life.
A+ RatingGlobe Life is proud to be rated A+(Superior)** by A.M. Best Company, one of the industry’s top insurance analysts since 1899 (Rating as of 6/07). This rating is the second highest out of sixteen possible ratings based on the latest analysis of Globe’s financial strength, management skills and integrity.
Globe Life is committed to providing every policyholder with a lifetime of superior service.