Globe Life and Accidental Insurance Company
About Globe Life and Accident Insurance Company
An Oklahoma company founded in 1951, Globe Life and Accident Insurance Company offers a variety of life and health insurance products to more than 3.6 million policyholders with over $55 billion of insurance in force. It is a wholly-owned subsidiary of the Torchmark Corporation - an S&P 500 company traded on the New York Stock Exchange.
In the late 1970s, Liberty National acquired Globe Life and Accident, and formed the holding company, Torchmark Corporation. The company performed moderately well through the long secular bear market and economic malaise of the 1970s, during which time the stock price doubled in value from its low of that decade. The company continued to perform well through the early 1980s recession.
In 1981, Torchmark acquired United Investors Life Insurance Company. Under Torchmark, that company was incorporated in Missouri on Aug. 17, 1981. It had originally been established in Missouri on Sept. 27, 1961. In 1981, Torchmark earned almost $65 million.
Globe Life and Accident Insurance Says
Globe Life and Accident Insurance Company offers a wide variety of insurance packages and financial services. Its packages include children's life, accidental death, and health although their specialization is adult term and whole life insurance.
Globe Life's term coverage is designed to be purchased in large amounts for a relatively small initial premium, therefore it is well suited for short-range goals.Its whole life insurance remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the policy.
Contact Globe Life and Accident Insurance Company at:
Globe Life and Accident Insurance Company
204 N. Robinson Ave.
Oklahoma City, OK 73102
Teelphone: (972) 540-6542
Sources: "About," Globe Life web site, 2009; "Term Life Insurance," Globe Life web site, 2009; "Permanent Life Insurance," Globe Life Insurance, 2009; "Out Products," Globe Life web site, 2009; "Why Glode life?" Globe Life web site, 2009; "Torchmark Corporation," Wikipedia, 2009