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Valued at a market cap of $11.1 billion, Globe Life Inc. (GL) is an insurance holding company that provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families. The McKinney, Texas-located corporation operates through three segments: Life Insurance; Supplemental Health Insurance; and Investments.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks and Globe Life fits this description perfectly. The company sells its products through its direct-to-consumer division, exclusive agencies, and independent agents, and offers whole, term, and other life insurance products, limited-benefit supplemental health insurance products, such as accident, cancer, critical illness, heart, intensive care, and other health products.