Globe Life and Accident Insurance Company

Globe Life And Accident Insurance Company, based in McKinney, Texas, provides life and health insurance coverage nationwide. Globe Life is the largest issuer of ordinary individual life insurance policies in the U.S. since 2003 (as reported by credit rating agency AM Best based on number of policies).

Globe Life And Accident Insurance Company (hereafter referred to as “Globe,” “Globe Life,” or “The Company”) was founded in 1951. The Company’s executive offices are housed in Oklahoma City and McKinney, TX. Globe Life has more than 3.9 million policyholders (as of August 2013).[citation needed] The Company has over $66 billion of insurance in force (as of August 2013).[citation needed] The Company is a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK), based in McKinney, Texas.

In 1951, The Company was chartered by two longtime friends, Ralph Reece and John Singletary, with $60,000 of borrowed capital. Globe originally sold inexpensive but dependable life insurance protection to rural Oklahoma communities. Since 1951, Globe Life has grown in financial strength and reputation, consistently receiving high industry ratings. Today, Globe Life markets through direct mail, internet, and call center sales. Globe Life has earned the A+ (Superior) Financial Strength Rating (as of June 2015) from A.M. Best Company. Globe has had an A+ (Superior) rating or higher since 1991.[citation needed] The company’s life insurance premium has grown from approximately $221 million in 1998 to approximately $424 million in 2005 to approximately $702 million in 2014.

Contact Us

3700 S. Stonebridge Drive
McKinney, TX 75070


See other insurance companies in U.S. state:

Leave a Reply

Your email address will not be published. Required fields are marked *