History of Life Insurance
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History of Globe Life
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 $52 billion of insurance with $2.4 billion in assets.
Name Recognition
Globe Life'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.
Same Management Team
Besides having this enviable reputation, the same management team has been employed by Globe Life for almost 20 years; the invaluable collective experience assures that all the associates assume responsibility for providing quality service to customers, even after the initial purchase has been finalized. Also, as an industry leader, Globe Life maintains up to date technology and administrative systems that both anticipate, manage and satisfy any needs that may surface in regard their customers.
A+ Rating
Globe Life And Accident Insurance Company has an A+ (Superior)** rating from A.M. Best Company (rating as of 6/08). Based on the latest analysis of their financial strength, management skill and integrity, this rating assures customers that first and foremost, Globe Life is committed to providing every policyholder with a lifetime of superior service.