Because there is no medical exam or physician’s statement needed with United Home Life Insurance, your insurance pricing is mostly determined by your age and whether or not you smoke. This United Home Life Insurance Review may assist you in making an educated decision about.
It’s no secret that smokers pay much more for United Home Insurance. In the case of an express issue 30-year term life insurance policy, a 35-year-old non-smoker pays an annual base cost of $87.50, whereas a smoker may pay an annual base rate of $176.25. Quitting smoking and reducing other high-risk habits are the greatest ways to save money on your insurance.
- How to get a quote from United Home Life insurance
- Types of life insurance coverage
- What riders can I add to my policy?
- Complaints and Reviews about United Home Life Insurance Company
How to get a quote from United Home Life insurance
Contact United Home Life customer service at 800-428-3001 or by email at Life.ContactCenter@unitedhomelife.com to obtain an insurance quotation and apply for a policy.
Types of life insurance coverage
United Home Life specializes in simplified-issue life insurance policies that don’t require applicants to undergo medical exams, blood tests, or provide statements from a physician. An underwriter will conduct a personal history interview with you in addition to having you complete a brief medical questionnaire. However, if you’re approved, your insurance will include no-cost riders and your premium will never go up.
- Whole life insurance. United Home Life has five whole life insurance packages to choose from, each with different features and benefits. There are a number of whole life policies to choose from, including:
- Whole life. Depending on the face value of the insurance and where you are in life, this policy offers additional advantages and free riders. For example, it can be a child’s first insurance coverage, yet it offers lower premiums for those who qualify at every stage of their lives. Simplified the problem throughout my whole life. Comes includes a no-cost terminal illness accelerated benefits rider as well as an instant cash payout.
- Simplified benefit grading for a given issue. As a result of this policy’s graded benefit structure, if you pass away due to natural causes during the first two years of purchase, you will get an interest-bearing refund of your premium payments. When someone is killed in an accident, the whole death benefit is paid out as soon as the insurance is purchased.
Diabetics will appreciate how easily this problem is explained. Specially created for insulin-dependent diabetics who may have difficulty obtaining insurance coverage of up to $50,000 in most other states or countries.
- It’s a given that something will go wrong. This guaranteed-benefit insurance coverage is geared for clients over the age of 50 and ensures that you won’t be denied coverage because of your health. If you die naturally, your death benefit won’t kick in until the third year after you’ve been buried.
- Term life insurance. United Home Life provides four different term life insurance plans, all of which do not require a medical exam to be purchased. All term insurance includes a no-cost rider for expedited benefits in the event of a terminal disease. There are a variety of term life insurance options available, including:
- 20-year term. A policy with a duration of 20 years that is guaranteed to renew at the end of the term, but premiums will rise each year after the original term.
- 30-year term. Guaranteed renewal at the end of the term like the 20-year policy, however premiums rise yearly after the first year.
- 20-year term with return of premiums. Similar to the standard 20-year term insurance, but with a premium return rider that ensures a cash value of 20 times the yearly premium if you do not die during the term.
- 20-year term for high-risk diabetics. To help diabetics who need life insurance because of their diabetes medication, a 20-year term policy was created. This policy covers you for up to $50,000 with no medical exam required.
What riders can I add to my policy?
Several riders are available via United Home Life to allow you to personalize your insurance. These include:
- Accidental death benefit rider. If you die as a result of an accident covered by the policy, you will receive an extra lump sum payment in addition to your death benefit.
- Rider for increased death benefit. If you are diagnosed with a terminal disease, you may be able to obtain a lump-sum payment from your death benefit.
- Rider who is still a child. If one of your children dies while you are covered by the policy, the insurance company will pay a modest death benefit to help with funeral expenses.
- Riders gain from critical sickness. If you get a severe illness, such as a stroke, this policy will pay you a lump payment.
- Rider waiving the right to a higher price. As a victim of identity theft, a long stay in the hospital, or total and permanent disability, you may be eligible for premium waivers via United Home Life.
Complaints and Reviews about United Home Life Insurance Company
As of October 2021, the Better Business Bureau has recognized United Home Life Insurance with an A+ rating and only one customer complaint. Customers can’t give feedback on a company’s service since none of the usual review sites have any. The company has been in the insurance industry for 71 years and has an AM Best financial stability grade of A-.
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