Debt

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Debt

Note 10—Debt

Issuance of short-term debt: On April 9, 2020, Globe Life entered into a 364-Day Term Loan Agreement. The Agreement provided the Company with access to up to $300 million in unsecured term loans, all maturing on April 8, 2021. Globe Life borrowed the full amount on April 15, 2020 and used the proceeds for general corporate purposes, including additional holding Company liquidity and the repayment of a portion of outstanding commercial paper.