In our United Home Life Insurance Company review, we’ll provide you what you information on available products, ratings, financials, strengths and weaknesses. You’ll also be able to get instant life insurance quotes and determine if United Home Life is the best life insurance company for you or if another company will be a better choice.
United Home Life Insurance Company
Review Summary
United Home Life provides shoppers with a variety of life insurance products. UHL is one of the top life insurance companies that you can find. They are a great carrier for a variety of niches and should be looked at closely by shoppers looking for term and permanent life insurance.
United Home Life Insurance Company Review
You’re in the right place if you’re looking for a review of the United Home Life Insurance Company. They are a life insurance company that is good fit for several life insurance situations.
United Home Life started in 1948 under the company United Farm Family Life Insurance. These companies are still providing life insurance products and options to consumers. Although their life insurance focus is mostly for older ages from age 50 and up – they provide solutions for this particular niche.
United Home Life Ratings and Financials
When compared to other life insurance companies, United Home Life may not be as large as some of the “big boys” in the industry. However, they have a strong financial history which they have maintained over the years.
A.M. Best
Shoppers are concerned that the company they apply with may someday become bankrupt. They received an “A-” from A.M. Best, the Gold Standard of ratings organizations. This is an excellent rating with regards to their financial stability. This rating has been maintained for the past half decade. They are a recommended company if you’re in the market for a no medical exam life insurance policy and United Home Life is offering the lowest rates.
Will United Home Life give you the best rate?
Will United Home Life or some other company like Symetra, Americo, Nationwide or USAA Life get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…
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United Home Life Insurance Products
United Home Life offers several products that are attractive to today’s shoppers. The offer express issue life insurance (No Medical Exam Life Insurance) that is approved faster than a typical fully underwritten life insurance policy.
United Home Life Term Life Insurance
United Home Life offers four term life insurance products. Every one of their products is a Simplified Issue life insurance product. That means that there are no medical exams, no blood test or urine sample. They use a personal history interview with your application. It is a quick process that typically takes 10-15 minutes to complete.
- Simple Term 20 – This is a 20 year term life policy.
- Simple Term 30 – This is a 30 year term life policy.
- Simple Term 20 ROP – This is a 20 year Return of Premium policy (ROP).
United Home Life Permanent Products
United Home Life offers simplified issue whole life insurance options as well. Again, these policies do not require a medical exam and are issued much faster than a fully underwritten life insurance policy.
- Express Issue Premier
- Express Issue Deluxe
- Benefit Amounts Available are:
- $5,000-$100,000 (Ages 20-60)
- $5,000-$50,000 (Ages 61-80)
- Benefit Amounts Available are:
- Express Issue Provider
- Express Issue Whole Life
- Graded Benefit. A graded benefit means that the policy will not pay out a benefit for the “Graded” time period listed in the policy. This is typically 2 years.
- Ages Available: 25-80
- Benefit Amount Available: $2,000 – $25,000
Let’s look into the details of these policies:
Product Name: Express Issue Premier
Face Amounts: $5,000 to $100,000
Issue Ages: 20 to 80 years old (depending on plan and age)
Ways to apply: Paper application, telephone app, e-app available through carrier website
Age Last or Age Nearest: Age last birthday
Product Availability: Available in all states except AK, ME, MT, NY, SD, VT, WY
Diabetics: Type II accepted, with no complications
COPD: Decline if under 24 months. Client will be offered Express Issue Graded
Previous Cancer: Decline if under 24 months. Client will be offered Express Issue Graded
Previous Heart Attack: Decline if under 24 months. Client will be offered Express Issue Graded
What’s good about This Carrier & Product?
- 4 final expense whole life plans, including guaranteed issue written on 1 app
- Express Issue Premier is ideal for clients with minor health issues, such as controlled high blood pressure, controlled high cholesterol, or Type II Diabetes (non-insulin dependent)
- A two-year look back for Schizophrenia or Bipolar Disorder, Diabetes requiring insulin treatment, or Systemic Lupus Erythematosus (SLE)
- Riders available – Child Rider, Accidental Death Benefit
- No-cost built-in Terminal Illness Accelerated Benefit Rider (for all face amounts)
Product Name: Express Issue Deluxe
Face Amounts: $5,000 to $50,000
Issue Ages: 20 to 80 years old
Ways to apply: Paper application, telephone app, e-app available through carrier website
Product Availability: Available in all states except AK, ME, MT, NY, SD, VT, WY
Diabetics: Type I and Type II accepted, unless accompanied by neuropathy
COPD: Decline if under 24 months. Client will be offered Express Issue Graded
Previous Cancer: Decline if under 24 months. Client will be offered Express Issue Graded.
Previous Heart Attack: Decline if under 24 months. Client will be offered Express Issue Graded
What Makes This Company and Product Great?
- Express Issue Deluxe is ideal for insulin-dependent diabetics, individuals receiving disability compensation, or those who have previously been declined by other insurance carriers
- A two-year look-back for Cancer, Heart/Circulatory Disorder, Stroke, Alzheimer’s, Dementia, Sickle Cell Anemia, Kidney Disease, Liver Disease, Lung Disease, ALS, Neurological disorders, and alcohol or drug abuse
- Life Insurance Riders available – Child Rider, Accidental Death Benefit
- No-cost built-in Terminal Illness Accelerated Benefit Rider (for all face amounts)
Product Name: Express Issue Graded
Face Amounts: $2,000 to $25,000
Issue Ages: 25 to 80 years old
Ways to apply: Paper application, telephone app, e-app available through carrier website
Product Availability: Available in all states except AK, MA, MN, MT, NY, NC, SD, WY
Diabetics: Accept
COPD: Accept
Previous Cancer: Decline if under 12 months. Client will be offered GI
Previous Heart Attack: Decline if under 12 months. Client will be offered GI
What Makes This Company & Product Good?
- Graded benefit included no-cost riders (for face amounts of $10,000 or more) – Identity Theft Waiver of Premium Rider, Hospital Stay Waiver of Premium Rider, Common Carrier Accidental Death Benefit Rider
- Previously declined applicants will be considered
- Significant health issues and overweight clients considered
- One-year look-back for Cancer, Heart Attack/surgery, Stroke, and Drug Abuse
Product Name: Express Issue Whole Life (GIWL)
Face Amounts: $5,000 to $10,000
Issue Ages: 45 to 75 years old
Ways to apply: Paper application, telephone app, e-App available through carrier website
Product Availability: Available in all states except AK, AR, KS, MA, MN, MT, NV, NH, NJ, NY, SD, WY
Diabetics: N/A
COPD: N/A
Previous Cancer: N/A
Previous Heart Attack: N/A
What Makes This Carrier/Product Sweet:
- No health questions, medical exams, physical exams, or Personal History Interviews (PHIs)
- Graded death benefit during the first 3 policy years
- The Proposed Insured must be present when applying for a GIWL policy
- No power of attorney applications accepted
- Agent must affirm that the Proposed Insured (1) is not confined to a hospital, hospice, nursing home, or convalescent home, (2) does not require home health nursing care, (3) does not have AIDS or is not HIV positive, (4) has not been diagnosed with an illness expected to cause death within 24 months, (5) is not engaging in intravenous drug abuse
- A proposed insured cannot directly apply for the GIWL product. They must first apply for another product and be determined uninsurable before being offered GIWL
Product Name: Provider Whole Life
Face Amounts: $10,000 to $150,000
Issue Ages: 0 to 80 years old
Ways to apply: Paper application, telephone app, e-app available through carrier website
Product Availability: Available in all states except AK, ME, MT, NY, OR, SD, VT, WA, WY
Diabetics: Not accepted, 10-year look back
COPD: Not accepted, 10-year look back
Previous Cancer: Not accepted, 10-year look back
Previous Heart Attack: Not accepted, 10-year look back
What is good about this Company & Product?
- Non-tobacco clients only – 12-month look back. All forms of nicotine included, included cigarettes, cigars, pipe, chewing tobacco, vaping and nicotine replacement products
- Personal history interviews required for all clients
- No ratable conditions permitted
- No-cost built-in Terminal Illness Accelerated Benefit Rider for all face amounts
- For face amounts of $25,000 or more, no-cost built-in riders include Common Carrier Accidental Death Benefit Rider, Life-Threatening Cancer Accelerated Benefit Rider, Charitable Gift Donation Benefit
- Optional Total And Permanent Disability Benefit (Waiver of Premium) and Child Rider
United Home Life No Medical Exam Life Insurance
All of United Home Life insurance products are available without a medical exam. They are unique in that they only offer No Medical Exam life insurance products. No medical exam policies are approved quicker and take less time to apply. This can be a great life insurance option for certain preexisting health conditions.
Pros and Cons
What are the pros and cons of United Home Life?
Strengths:
- All of United Home Life’s policies are “No Exam” policies.
Weaknesses:
- Not always the best rates compared to other companies.
Riders
Life insurance riders are a way to customize your life insurance policy. United Home Life provides the following riders:
- Total And Permanent Disability Benefit (Waiver of Premium)
- Accidental Death Benefit Rider
- Child Rider
- Terminal Illness Accelerated Benefit Rider at no extra cost
Our recommendation
Is United Home Life the right company for you? It will depend on a variety of factors. Your age, health, lifestyle and what you want in a policy are just a few factors that determine which company will give you the best value.
Always remember, every life insurance company will look at you differently. Some companies may offer you a much better rate based on your specific details. United Home Life may or may not be that company. Give us a call for a free personalized quote and we’ll see which companies will provide you the best rates.
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United Home Life Company Details
Name(s): United Home Life Insurance Company, United Farm Family Life Insurance Company
Address:
225 South East Street
Indianapolis, IN 46202
Phone: (800) 428-3001
Website: www.unitedhomelife.com
Ratings: A.M. Best (A-)
