Webnot a pyramid scheme or a scam. I am a young person who is very aware of all this stuff and this is honestly a great company to work for. We have different levels of agents and. Webi think it’s unfair to categorize globe life insurance as a pyramid scheme. Pyramid schemes occur when you have to keep bringing people in to cover what you pay people who are. Webhow is globe life a pyramid scheme? You’re not buying insurance from them then selling it, you’re just selling it.