United Home Life Insurance Company Review 2018

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If you are shopping for a final expense policy, I’m sure you heard of United Home Life Insurance Company. United Home Life is one of our top 20 final expense companies. This is our independent opinion about their products and services after digging into their product materials. I will compare United Home Life against the best in the industry when it comes to rates, underwriting, and customer service. Let’s dive in.

United Home Life History

United Home Life has been serving clients for over 70 years. Their main focus is simplified issue policies that do not require an individual to go through an invasive medical exam or 10 pages of questions regarding their medical history. Instead, they live by their motto of “life insurance made simple,” and strive to sell only products that are simple to qualify for and understand.

United Home Life Ratings

According to A.M Best, a leader in ratings in the insurance industry, United Home Life has an A- (Excellent), and a rating of A (excellent) to its parent company, United Farm Family Life. They have more than $2 billion in assets and over $20 billion of life insurance in force.

Life Insurance Products Offered by United Home Life

United Home Life offers an array of life insurance products, such as term, whole, and accident life insurance. They are mainly focused on groups older than 50 years old seeking burial or final expense policies. As mentioned above, all plans sold by United do not require an exam and are simplified issue policies with a few “yes” or “no” health responses. Let’s take a detailed look at each plan.

United Home Life Term Insurance

United offers four term products from which to choose. Simple term 20, Simple term 30, Simple term 20 ROP (return of premium), and Simple Term 20 DLX. Term life will provide a level death benefit and premium (no changes in amounts) for the requested term length (20 or 30 years). At the end of the term, the premiums will increase annually until the policy’s expiration at the age of 95 years. Let’s look at the main differences between the term policies. All policies are no exam life insurance.

Simple Term 20 is a term life insurance for a period of 20 years. The death benefit and the premium will stay the same for the 20-year period. It comes with a no-cost terminal illness rider.

  • For ages 20–45 the face amount is $25,000–$200,000
  • For ages 46–55 the face amount is $25,000–$150,000
  • For ages 56–60 the face amount is $25,000–$100,000

Simple Term 30 is a term life insurance for a period of 30 years. The death benefit and the premium will stay the same for the 30-year period. It comes with a no-cost terminal illness rider.

  • For ages 20–45 the face amount is $25,000–$200,000
  • For ages 46–55 the face amount is $25,000–$150,000

Simple term 20 ROP is a term life insurance for a period of 20 years and includes an added rider called return of premium. The term policy builds a cash value which would be returned to you after the term is over.

  • For ages 20–45 the face amount is $50,000–$200,000
  • For ages 46–55 the face amount is $50,000–$150,000
  • For ages 56–60 the face amount is $25,000–$100,000

Simple Term 20 DLX is a term life insurance for a period of 20 years. This policy comes with three additional riders: accidental, child, and terminal illness.

United Home Life Final Expense Policies

These are permanent whole life policies. They don’t have an expiration date and as long as you pay the premium, the policy will never expire. They also build a cash value should you need to use it in the future, or if you decide to surrender your policy. United Home Life offers 4 plans, let’s find out what each entails.

Guaranteed Issue Whole Life

As the name implies, this policy is a guaranteed issue. There are no health questions to answer, however, you really need to understand what you are buying. First, the policy has graded benefits that will not pay the full death benefit for the first three years if death occurs due to natural causes. Second, the death benefit is only up to $10,000. If you are after a guaranteed issue policy, there are some better options, such as Gerber Life or AIG.

  • Issue ages: 45–75
  • Face amounts: $5,000–10,000
  • Year 1 pays refund of premium plus 6% interest
  • Year 2 pays refund of premium plus 12% interest
  • Year 3 pays refund of premium plus 18% interest

Express Issue Whole Life (EIWL)

This is a simplified issue graded benefit plan. If you die in the first two years of the policy effective date, your beneficiaries will receive the premium amount paid plus interest. If your death is accident-related, the policy will pay 100% of the purchased death benefit. The full death benefit will be in effect on the beginning day of year three.

  • Issue ages: 25–80
  • Face amounts: $2,000–25,000
  • Year 1 pays refund of premium plus 12% interest
  • Year 2 pays refund of premium plus 24% interest

Express Issue Deluxe

This policy offers an immediate death benefit whole life policy. It also offers an extra rider to enhance or supplement the plan. Terminal illness rider is added with no extra charge. The optional riders are as follows: child, disability, and accidental death. This product is ideal for insulin-dependent diabetics or others that have previously been declined by other insurance companies.

  • Issue ages: 20–80
  • Face amounts: $5,000–50,000

Express Issue Premier

This is a very similar product to the Express Issue Deluxe but has a higher death benefit. It’s is best suited for individuals with minor health issues, such as type 2 diabetics, or those with controlled high blood pressure.

  • Issue ages: 20–80
  • Face amounts: $5,000–100,000 (through age 60)
  • Face amounts: $5,000–50,000 (ages 61-80)

Accidental Death Benefit Coverage

united home life accidental death

Accidental death benefit will only pay should you die as a result of an accident. Make sure you don’t confuse this fact with a traditional life insurance plan that will pay death benefits if you die from any cause (except suicide for the first two years, or dying as a result of illegal activities). In other words, the reason an accidental policy is very cheap when compared to a traditional policy is because they dictate how should you die before they will pay the claim.

Protector AD

Protector AD will add extra coverage to your already-in-force whole life plan. The death benefit is guaranteed to double in the next 20 years. For instance, if you bought $50,000 in coverage, in 20 years it will be $100,000. It also comes with a return of premium option, which means you can get your paid premiums back after 20 years. At that point, the coverage will terminate. If you choose not to make use of the “ROP” option, the coverage will continue with an annual premium increase.

  • Guaranteed issue if you have a good driving history and are not involved in high-risk hobbies or employment
  • Issue ages: 18–60
  • Level premiums with “ROP” at year 20
  • 3 amount are available: $50,000, $75,000 $100,000

United Home Life vs. Other Carriers’ Sample Monthly Rates

united home life sample rates

Male $10,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $28.82 $41.65 $73.05 $155.57
 Mutual of Omaha $29.16 $42.76 $73.70 $132.65
 Americo $32.06 $43.68 $72.93 $145.65
 Liberty Bankers Life $30.51 $45.80 $73.31 $146.80
 Phoenix$30.15 $43.27 $72.74 $146.92
 American-Amicable $30.80 $45.76 $76.57 $151.36
 United Home Life $31.02 $44.69 $74.63 $138.60
 Settlers $31.45 $45.31 $72.85 $153.80
 Transamerica $30.73 $43.85 $74.66 $140.22
 Foresters $32.00 $45.19 $72.91 $216.09

Female $10,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $25.48 $34.74 $56.41 $113.89
 Mutual of Omaha $24.67 $32.87 $53.24 $98.43
 Americo $24.56 $33.93 $53.43 $112.77
 Liberty Bankers Life $25.57 $34.67 $54.79 $109.16
 Phoenix$26.63 $36.46 $55.26 $110.24
 American-Amicable $25.96 $37.22 $58.70 $110.44
 United Home Life $26.06 $35.42 $73.28 $141.58
 Settlers $26.01 $36.38 $55.76 $113.48
 Transamerica $25.32 $33.72 $71.59 $104.11
 Foresters $26.05 $35.41 $83.41 $111.08

Male $20,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $55.44 $81.10 $143.90 $308.93
 Mutual of Omaha $55.11 $82.31 $144.20 $262.11
 Americo $60.33 $83.56 $142.06 $287.51
 Liberty Bankers Life $56.39 $86.97 $141.99 $288.97
 Phoenix$56.16 $82.40 $141.34 $289.69
 American-Amicable $58.96 $88.88 $150.50 $300.08
 United Home Life $57.68 $85.03 $144.91 $272.05
 Settlers $62.90 $90.61 $145.69 $291.13
 Transamerica $57.89 $84.05 $145.74 $276.88
 Foresters $60.85 $87.22 $142.66 $290.33

Female $20,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $48.77 $67.28 $110.62 $225.58
 Mutual of Omaha $46.14 $62.53 $103.28 $193.66
 Americo $45.32 $64.07 $103.06 $221.75
 Liberty Bankers Life $46.51 $64.71 $104.95 $213.69
 Phoenix$49.12 $68.78 $106.37 $216.34
 American-Amicable $49.28 $71.81 $114.75 $218.24
 United Home Life $47.76 $66.49 $100.59 $204.87
  Settlers $52.02 $72.76 $111.52 $226.95
 Transamerica $47.07 $63.87 $104.41 $204.65
 Foresters $48.95 $67.67 $103.69 $219.01

Male $30,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $82.06 $120.55 $214.75 $462.30
 Mutual of Omaha $81.06 $121.86 $214.69 $391.56
 Americo $88.59 $123.44 $211.19 $429.36
 Liberty Bankers Life $82.27 $128.14 $210.67 $431.14
 Phoenix$82.17 $121.53 $209.94 $432.47
 American-Amicable $87.12 $132.00 $224.43 $448.80
 United Home Life $84.35 $125.38 $215.19 $407.10
 Settlers $94.35 $135.92$218.54 $461.81
 Transamerica $85.04 $124.29 $216.83 NA
 Foresters $89.70 $129.26 $212.42 $433.91

Female $30,000 Whole Life

 CompanyAge 50Age 60Age 70Age 80
 Assurity $72.05 $99.83 $164.82 $337.27
 Mutual of Omaha $67.60 $92.20 $153.31 $288.89
 Americo $66.07 $94.20 $152.68 $330.72
 Liberty Bankers Life $67.45 $94.76 $155.11 $318.23
 Phoenix$71.61 $101.10 $157.49 $322.43
 American-Amicable $72.60 $106.39 $170.81 $326.04
 United Home Life $69.47 $97.55 $148.71 $305.13
 Settlers $78.03 $109.14 $167.28 $340.43
 Transamerica $68.82 $94.02 $154.84NA
 Foresters $71.85 $99.93 $153.96 $326.94

*All rates quoted on this page are for a super-preferred healthy individual who does not use tobacco. Monthly rates are updated as of March 2018 and are subject to underwriting approval.*

Last Word

If you are in the market for small final expense policies, United Home Life may be a good option. They have a very easy application process and typically issue a policy very quickly (within 3-5 days on average). However, as a consumer, you owe it to yourself to compare United Home Life with the other companies out there to make sure you’re getting the best deal and the coverage you need.

We represent over 50 companies to choose from, you can feel free to run the rates on this page, or give us a call at 866-326-3053 for an unbiased, personalized quote for your specific health and situation. By the way, this costs you absolutely nothing since the insurance company pays the agent for you.

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2018-09-03T06:27:50+00:00April 12th, 2018|Categories: Company Reviews, Seniors Life Insurance|0 Comments

About the Author:

Ron is a licensed life & health insurance broker. He has two amazing rescued Pitbulls. He also enjoys real food, heavy squats, critical thinking, and reading.

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