Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Selected Information about Debt Issues

The following table presents information about the terms and outstanding balances of Globe Life's debt.

Selected Information about Debt Issues

				As of
				September 30, 2020							December 31, 2019
Instrument	Issue Date	Maturity Date	Coupon Rate	Interest Payment Dates	Par Value		Book Value		Fair Value		Book Value
Senior notes	5/27/1993	5/15/2023	7.875%	semiannual	$	165,612	$	164,892	$	194,604	$	164,713
Senior notes(1)	9/24/2012	9/15/2022	3.800%	semiannual	150,000		149,331		159,212		149,089
Senior notes	9/27/2018	9/15/2028	4.550%	semiannual	550,000		544,179		655,501		543,735
Senior notes	8/21/2020	8/15/2030	2.150%	semiannual	400,000		395,091		401,152		—
Junior subordinated debentures	5/17/2016	6/15/2056	6.125%	quarterly	300,000		290,635		308,760		290,584
Junior subordinated debentures	11/17/2017	11/17/2057	5.275%	semiannual	125,000		123,378		122,935		123,367
Term loan					—		—		—		86,875
					1,690,612		1,667,506		1,842,164		1,358,363
Less current maturity of term loan					—		—		—		9,375
Total long-term debt					1,690,612		1,667,506		1,842,164		1,348,988
Current maturity of term loan					—		—		—		9,375
Commercial paper					280,000		279,758		279,758		289,363
Total short-term debt					280,000		279,758		279,758		298,738
Total debt					$	1,970,612	$	1,947,264	$	2,121,922	$	1,647,726

(1)An additional $150 million par value and book value is held by insurance subsidiaries that eliminates in consolidation.