Is Globe Life the same as Globe Life of New York?




globe life vs globe life new york

Globe Life and Accident Insurance Company

Globe Life And Accident Insurance Company’s story begins in 1951, when Ralph Reece and John Singletary came together to start a business. With loans totaling $60,000, the pair began their plan of opening an insurance agency and conceived the name Globe Life.1

The goal of Globe Life And Accident Insurance Company was to sell “inexpensive but dependable life insurance protection to Americans who were living in rural areas.”1 After opening in Oklahoma, with their reputation of fairness and integrity making its way across the nation, Globe Life And Accident Insurance Company’s business dealings grew. By 1964, Globe Life And Accident Insurance Company extended to a total of 36 states, and in a total of 50 years, Globe Life And Accident Insurance Company became a prominent figure in the insurance industry.1

Today, Globe Life And Accident Insurance Company provides life insurance coverage to 4.2 million policyholders.2 With an array of insurance options to choose from, including but not limited to term life insurance, whole life insurance, accidental benefits insurance, and Medicare supplement insurance plans,3 Globe Life And Accident Insurance Company offers an array of options for Americans looking for reliable coverage. However, despite Globe Life And Accident Insurance Company’s success, its policies can’t be found in New York.

Globe Life of New York

Globe Life of New York is a “wholly-owned subsidiary of Globe Life Inc.”4 Like its sister corporation, Globe Life And Accident Insurance Company, Globe Life of New York strives to provide affordable and effective supplemental insurance coverage to middle-income Americans.4 However, unlike its sister corporation, Globe Life of New York is only allowed to provide individual and group Medicare Supplement insurance coverage, along with a limited amount of life business coverage to those in New York.

In Closing…

Globe Life of New York and Globe Life And Accident Insurance Company both provide a range of insurance coverage options to individuals and groups across the United States. However, Globe Life And Accident Insurance Company does not provide insurance coverage options to New York. Instead, Globe Life of New York, the sister company and wholly-owned subsidiary of Globe Life Inc., provides coverage to New York State that is limited to Medicare Supplement insurance and some life business policies. So, when deciding between the two, it’s important to know what is offered to you within your own state, as Globe Life of New York or Globe Life And Accident Insurance Company may not be available to you depending on your location.

Sources:

  1. Globe Life And Accident Insurance Company, History of Globe Life, 2019HiH
  2. Globe Life And Accident Insurance Company, About Globe Life, 2019
  3. Globe Life And Accident Insurance Company, Insurance Products, 2019
  4. Globe Life Insurance Company of New York, Globe Life Insurance Company of New York Profile, 2019

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