Type | Subsidiary of Globe Life |
---|---|
Industry | Life insurance |
Founded | 1951 |
Founder | Ralph Reece John Singletary |
Headquarters | McKinney, Texas |
Area served | United States |
Key people | Jason Harvey (President) [1] |
Products | Life insurance and supplemental health |
Website | home |
Globe Life, based in McKinney, Texas, provides life and health insurance coverage nationwide, and has earned the A (Excellent) Financial Strength Rating as of June 2020. [2] Globe Life and Accident Insurance Company has executive offices in Oklahoma City and McKinney, TX and is a subsidiary of Globe Life.
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. The company's life insurance premium has grown from approximately $221 million in 1998 [3] to approximately $813 million in 2018. [4]
On February 5, 2014, Globe Life and Accident Insurance Company purchased the naming rights to Globe Life Park in Arlington, the stadium of the Texas Rangers Major League Baseball Team in Arlington, Texas. The agreement is for ten years starting in 2014 and going through the 2023 baseball season. [5]
Globe Life and Texas Rangers Baseball Foundation partnered on a baseball and softball grant program again in 2015. [6]
In addition to its partnership with the Texas Rangers, Globe Life is also the official insurance company of the Dallas Cowboys and partners with the organization through advertising and corporate events at the Cowboys’ stadium, AT&T Stadium in Arlington, Texas, and at the Dallas Cowboys’ headquarters and training facility in Frisco, Texas. [7]
Charles F. Hudson was the Senior Vice President of Globe Life from August 2001 through August 2005. He became President and CEO in August 2005 and retired in November 2014. [8] Bill Leavell was named President of Globe Life in October 2013. [9]
The company has an A+ Better Business Bureau rating on a scale of A+ to F and has over 376 closed complaints. [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. [11]
In 1972, Globe Life formed its Employee Services Division (ESD) to offer supplemental life and health insurance for federal and state employees already covered by Federal Employee Government Life Insurance, or FEGLI. [12]
The Texas Rangers are an American professional baseball team based in the Dallas–Fort Worth metroplex. The Rangers compete in Major League Baseball (MLB) as a member club of the American League (AL) West division. In 2020, the Rangers moved to the new Globe Life Field in Arlington after having played at Globe Life Park from 1994 to 2019. The team's name is shared with a law enforcement agency.
Arlington is a city in the U.S. state of Texas, located in Tarrant County. It forms part of the Mid-Cities region of the Dallas–Fort Worth–Arlington metropolitan statistical area, and is a principal city of the metropolis and region. The city had a population of 394,266 in 2020, making it the second-largest city in the county, after Fort Worth, and the third-largest city in the metropolitan area, after Dallas and Fort Worth. Arlington is the 50th-most populous city in the United States, the seventh-most populous city in the state of Texas, and the largest city in the state that is not a county seat.
Choctaw Stadium, formerly Globe Life Park, is an American multi-purpose stadium in Arlington, Texas, between Dallas and Fort Worth. Originally built as a baseball stadium, it was home to the Texas Rangers of Major League Baseball and the Texas Rangers Baseball Hall of Fame from 1994 through 2019, when the team vacated the stadium for Globe Life Field. It was constructed as a replacement for nearby Arlington Stadium and opened in April 1994 as The Ballpark in Arlington.
Arlington Stadium was a baseball stadium located in Arlington, Texas, United States, located between Dallas and Fort Worth, Texas. It served as the home for the Texas Rangers (MLB) from 1972 until 1993, after which the team moved into The Ballpark in Arlington.
The Lone Star Series is a Major League Baseball (MLB) rivalry featuring Texas' two major league franchises, the Houston Astros and Texas Rangers. It is an outgrowth of the "natural rivalry" established by MLB as part of interleague play as the Rangers are a member of the American League (AL) and the Astros were a member of the National League (NL) until 2012. During interleague play, the winner of the six game series was awarded the Silver Boot, a 30-inch (760 mm) tall display of a size 15 cowboy boot cast in silver, complete with a custom, handmade spur. If each team had won three games each for a tie, the declared winner was the team that scored the most runs over the course of the series. In 2013, the Astros joined the American League West with the Rangers and changed their rivalry from an interleague to an intradivision one with nineteen games played.
Riders Field, formerly known as Dr Pepper/Seven Up Ballpark and Dr Pepper Ballpark, is a baseball park in Frisco, Texas, United States. The home of the Double-A Frisco RoughRiders of the Texas League, it opened on April 3, 2003, and can seat up to 10,216 people. Though primarily a venue for Minor League Baseball games, the facility also hosts high school and college baseball tournaments and other public and private events throughout the year. It has been the site of three Texas League All-Star Games.
Tommy Joe Vandergriff was a politician from Texas. He served as Mayor of Arlington from 1951 to 1977, as a U.S. Representative from Texas's 26th congressional district from 1983 to 1985, and as County Judge of Tarrant County from 1991 to 2007. For the greater part of his life, Vandergriff was a Democrat, but he became a Republican around 1990.
AT&T Stadium is a retractable-roof stadium in Arlington, Texas, United States. It serves as the home of the Dallas Cowboys of the National Football League (NFL), and was completed on May 27, 2009. It is also the home of the Cotton Bowl Classic and the Big 12 Championship Game. The stadium is one of eleven US venues set to host matches during the 2026 FIFA World Cup. The facility, owned by the city of Arlington, can also be used for a variety of other activities, such as concerts, basketball games, soccer, college and high-school football contests, rodeos, motocross, Spartan Races, and professional wrestling. It replaced the partially covered Texas Stadium, which served as the Cowboys' home from 1971 through the 2008 season.
Globe Life is a financial services holding company listed on the New York Stock Exchange (GL) which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.
Globe Life Insurance Company of New York, based in Syracuse, New York, is a subsidiary of United American Insurance Company (UA). The company is a subsidiary of Globe Life, based in McKinney, Texas.
American Income Life Insurance Company , based in Waco, Texas, is an insurance company that uses multi-level marketing to provide supplemental life insurance to labor unions, credit unions, and associations. American Income Life (AIL) was founded in 1951. The company's executive offices have been located in Waco, Texas, since 1959. American Income Life is licensed in 49 states, the District of Columbia, Canada, and is registered to carry on business in New Zealand. AIL also has two wholly owned subsidiaries: National Income Life Insurance Company, licensed in the state of New York, and Union Heritage Life Assurance Company Limited, licensed in the Republic of Ireland.
Clay Gould Ballpark, the home field of the UT Arlington Mavericks, is located on the campus of The University of Texas at Arlington. The stadium has a seat capacity of 1,600. Clay Gould Ballpark is located at the intersection of West Park Row Drive and Fielder Road.
Ronald K. Richey was the chairman, president and chief executive officer of Torchmark Corporation.
The Texas Rangers Major League Baseball (MLB) franchise was established in 1961 as the Washington Senators, an expansion team awarded to Washington, D.C., after the old Washington Senators team of the American League moved to Minnesota and became the Twins. The new Senators remained in Washington through 1971 playing at Griffith Stadium in their first season and at RFK Stadium for the next 10 years. In 1972, the team moved to Arlington, Texas, where it became the Texas Rangers. The Rangers played at Arlington Stadium from 1972 to 1993, Globe Life Park in Arlington from 1994 to 2019. The team moved into Globe Life Field in 2020.
The city of Dallas and the Dallas metropolitan division is home to teams in six major sports: the Dallas Cowboys, Dallas Mavericks, Texas Rangers, Dallas Stars, FC Dallas and Dallas Wings.
Globe Life Field is a retractable roof stadium in Arlington, Texas. It is the home ballpark of Major League Baseball's Texas Rangers. It is located just south of Choctaw Stadium, the Rangers' former home ballpark.
Bryan K. Trubey, FAIA, is an American architect specializing in sports and entertainment facilities.