Globe Life Insurance is a wholly owned subsidiary of the S&P 500 traded Torchmark Corporation, a company with nearly $15 billion in assets under management. Torchmark’s investment portfolio does not invest in subprime loan-backed securities or products, thereby enhancing the quality of its holdings. Torchmark specializes in getting affordable life and supplemental health insurance into the financial lives of working middle-class Americans.

Glob Life Insurance has over $52 billion of life insurance in force, comprising an estimated 4 million placed and active policies. The health and life insurance company has been in existence since it was formed in rural Oklahoma in 1951 by two men with $60,000 in borrowed capital. Globe’s great claim to fame among life insurers is that they have been successful at cutting out the middle man–in other words, customers can search for and buy life insurance online without having to talk to an agent. Globe life also provides health insurance. Their unique product portfolio includes both adult and child term life insurance, accidental death insurance, and their Medicare supplement insurance. But what’s more, the company has a child safe kit product, a tool which records information (picture, physical description, and fingerprints) about a child which can be used if that child goes missing.

Since Globe Life enables anyone to get life, accidental death, and health insurance by way of the Internet without an agent, it can pass on the savings it enjoys (by not needing to finance agents) in its premiums to customers. In addition, there aren’t any medical examinations that prospective clients need to pass, either. Insurance applicants need only answer a handful of health-related questions, although they are expected to answer them honestly and accurately. Their answers can be checked against the national bureau of health and medical records, and if a claim is made against the company and an investigation uncovers inaccuracy or fraudulent answers on the part of the insured the benefits may be reduced or not paid out at all. » Read more: Globe Life Insurance