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Is there anyone out there who has dealt with Globe Life Insurance?

I heard lots of complaints trying to get their policy cashed in. My dad was diagnosed with prostate cancer, they seem to be the only company that will cover him. Is it worth all the trouble?

Public Comments

1. They're an A rated company. The biggest reason they have complaints, is because people misunderstand how life insurance WORKS. When you "cash out" a policy, you don't GET very much - cash value is a small, small portion of what you pay in, and if you cash out, you have to pay a "cash surrender value". You'd have to hold the policy 10 - 15 years, before the cash value EXCEEDS the fee to cash out. Is it worth it? You'll have to read the details, and decide. You realize, with a "guaranteed issue" policy like Globe Life or Mutual of Omaha, they don't pay out the death benefit, unless the insured lives at LEAST two full years after taking out the policy. That's a CONDITION of guaranteed issue policies.
2. Its a good company,but u should confirm if they will cover this pre diagnosed disease,be sure before,also check more reviews.