In 1951, the company was chartered by two longtime friends, Ralph Reece and John Singletary, with $60,000 of borrowed capital.
Globe originally sold inexpensive but dependable life insurance protection to rural Oklahoma communities.
Since 1951, Globe Life has grown in financial strength and reputation, consistently receiving high industry ratings.
Today, Globe Life markets through direct mail, internet, and call center sales.
[10] In a 2002 lawsuit, Globe Life was fined a civil penalty of $5,000 for failing to pay interest on death claims in Oregon.