Is One Dollar Life Insurance Coverage Possible? No, it’s not a gimmick. It’s true. And this offer comes from one of the highest-rated life insurance companies in the US. In fact, you’ve probably seen their commercial on tv. Globe Life Insurance now offers you up to $100,000 of simplified life insurance starting at $1* for your first month of coverage.  Your rate for the remainder of your policy is determined by your age and amount of coverage. Your quote for life insurance will show you the premiums.