History of Globe Life and Accident Insurance Company

Posted in Life Insurance

September 29th, 2009

When in 1951 two men had an idea for a business and backed it up with $60,000 of borrowed investment money, theGlobe Life And Accident Insurance Company started to take root. The initial goal of the insurance products offered was to provide affordable and quality life insurance to rural-based Americans.

First Location

The very first outpost of Globe Life was based in Oklahoma and after 12 years in that location, the company started to expand their consumer base on a more national level throughout 36 additional states. At present, Globe life boasts $2.4 billion in assets, 3.6 million policies and over $55 billion of insurance protection.

Superior Ratings

In the 1970′s, Globe Life and Accident Insurance Company became part of the Torchmark Corporation holdings.For over 20 years, the same management team has taken care of running the Globe Life insurance company. Their efforts can be accredited to theA+ (Superior) rating issued by the A.M. Best Company in June, 2008.

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