Life Insurance

United Home Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

Because United Home Life Insurance does not need a medical examination or physician’s statement, the cost is determined only by your age and smoking status. Know more by reading our United Home Life Insurance Review.

The fact that smokers pay a higher rate for house insurance with United Home Insurance is a well-known fact. By comparison, a smoker will pay $176.25 per year for an express issue 30-year term life insurance policy, whereas a 35-year-old nonsmoker will spend $87.50. The most efficient approach to save money on insurance is to abstain from smoking and other dangerous behaviors such as reckless driving.

How to get a quote from United Home Life insurance

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United Home Life Insurance Company can be reached at 800-428-3001 or through email at [email protected]. You can obtain a free insurance quotation and apply for a policy by contacting them.

Types of life insurance coverage

If you’re seeking basic life insurance coverage, United Home Life is your best option. You will be interviewed by an underwriter and requested to complete a medical questionnaire as part of the underwriting process. This information will be used to establish your eligibility. If authorization is granted, you will be insured by complimentary riders and your premium will never increase in the future.

  • Whole life insurance. Each of United Home Life’s five whole-life insurance policies, which are available to consumers, offers a unique combination of features and benefits. There are several types of whole-life insurance plans available, including the following:
    • Whole life. You may be qualified for optional benefits and free riders under this insurance policy based on your age, health, and other considerations. For instance, it may be the first insurance policy acquired for a child, but it also offers discounted rates to people who qualify at any point in their lives, regardless of age. Throughout my life, I’ve strived to keep things as straightforward as possible. Additionally to the instant cash payment, this plan offers a free terminal illness accelerated benefits rider.
    • Simplified classification of advantages for a certain circumstance. If you die during the first two years after acquiring this coverage as a result of natural causes, you will get a refund of your premium payments, plus interest. In the case of a catastrophic incident, the whole death benefit is paid instantly rather than over time.
    • Diabetes patients would significantly benefit from the candor with which this subject is addressed. In the majority of other states and countries, patients with insulin-dependent diabetes may have difficulty obtaining insurance coverage of $50,000 or more.
    • It is an inescapable fact that something will go wrong. This insurance is designed for those over the age of 50 and protects you against being rejected coverage due to a pre-existing medical condition. If you die naturally, your death benefit will begin accruing three years after you are buried.
  • Term life insurance. United Home Life offers four distinct types of term life insurance policies, all of which are available without requiring a medical exam. If you are suffering from a terminal disease, you may qualify for a free rider that permits you to receive benefits sooner than you would otherwise be eligible. When it comes to term life insurance, there are several options available, including the following:
    • 20-year term. Insurance with a guaranteed 20-year term that is automatically renewed each year, but whose rates increase by a fixed amount each year thereafter.
    • The contract is for a period of thirty years. As with the 20-year policy, renewal is guaranteed at the conclusion of the term, although rates increase annually after the first year of coverage.
    • A 20-year term is offered with a premium refund. If you die within the term period, you will get a guaranteed cash value equivalent to twenty times your annual premium.
    • A twenty-year period is indicated for diabetics at high risk. A 20-year term life insurance policy was devised to assist diabetics who seek life insurance as a result of their diabetes treatment. This insurance gives coverage up to $50,000 without requiring a medical examination.

What riders can I add to my policy?

United Home Life offers a variety of rider choices, allowing you to adapt your policy to your individual needs. The following items are included in this list:

  • Death benefit rider in the event of an accident. If you die as a result of an accident covered by the policy, your beneficiary will receive a lump sum payment in addition to the death benefit currently in effect.
  • The rider’s death benefit is larger.
  • If you are diagnosed with an incurable illness, you may be eligible for a lump-sum payout from your life insurance policy.
  • The subject is a rider in his twenties. If one of your children dies while you are still covered by the policy, the insurance company will pay a modest death benefit.
  • Riders benefit from critical sickness. If you are diagnosed with a critical ailment, such as stroke, you will get a lump-sum payment under this insurance.
  • Riders agree to pay a fee that is less than that quoted to them. If you have been a victim of identity theft, have been hospitalized for an extended period of time, or have a permanent disability, United Home Life may be able to waive your premiums in certain circumstances.

Complaints and Reviews about United Home Life Insurance Company

As of October 2021, United Home Life Insurance has an A+ rating with the Better Business Bureau and has received just one consumer complaint. Customers are unable to submit feedback on a business’s service since no review websites exist. The corporation achieved the highest possible financial stability rating, A-, in honor of its 71-year tenure as a firm.

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