Frequently Asked Questions

Outlined below are some commonly asked questions about the Globe Young American Plan.

Do parents really need life insurance for their children, even if they are still young?
Yes! A serious illness or accident could make life insurance very expensive, even unavailable, for your children when they are adults.
What kind of insurance is the Young American Plan?
The Globe Young American Plan is a whole life insurance policy. The policy is good for a lifetime, regardless of future age, health, military service or hazardous occupation.
Once the Young American Plan is issued, and the premiums are paid on time, can the policy ever be canceled, for any reason?
No. The company can never cancel the policy for any reason other than failure to pay the premiums.
Can a grandparent apply for a Young American Plan for their grandchildren?
Absolutely. A child's parent, grandparent or legal guardian can be the policyholder.
What happens after that the $1* introductory period?
After the introductory period, the rates are based on your child's age. This rate is then locked in for life. It will never increase for any reason. You will continue to pay the same rate 10, 20, even 30 years from now.
Is it easy to apply?
Yes, it's easy. There is a short on-line application, with a few yes or no health questions, no physical exams are required.
How long has Globe Life been selling the Young American Plan?
Globe has been selling the Young American Plan since 1964. Since then, millions of policies have been issued.
Will my child have to take a medical exam or go see a doctor to qualify for coverage?
No medical exams are required to qualify and no doctor's visits are necessary. There are a few short health questions to answer on the application.
When will my child's coverage begin?
With the Young American plan, your child is covered from the very first day the application is approved. There are no waiting periods.
Is the policy guaranteed to my satisfaction?
You have a no risk 30-day money-back-guarantee.

*After the introductory period, rates are based on age and can be found by completing the rate quote.