![]() If you’re between 18 and 69, your accidental death coverage has a 99% chance of being accepted. After that, this benefit rises by 5% each year for the first five years or until you reach age 70, whichever comes first. The initial death benefit for this coverage is up to $250,000. Accidental benefits insuranceĪccidental death insurance is available through the life and accident insurance company. Term life insuranceĬompared to whole life insurance, Globe’s term life insurance policies are far less expensive and have a significantly reduced level of coverage. You can borrow against or surrender the policy after you’ve accumulated enough money. The cash value will not be added to the death benefit but will grow at a set percentage each year. Payouts from Globe Life policies start at $5,000 and go up to $50,000 in increments of $10,000. However, the average cost is around $10,000. The cost of a funeral varies widely, depending on the type of casket and where you’re buried. But if you’re seeking final expense coverage, this may be enough. Unfortunately, because underwriting is restricted, so are the death benefits. This plan is intended to offset expensive funeral costs. You don’t need a medical examination to buy Globe Life’s whole life insurance, but you will be asked about your health during the application process. Term life insurance, whole life insurance (for adults and children), and accidental death coverage are all available from the Globe Life Insurance Company.
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