Disclaimer: We are not United Home Life Insurance. We are independent life insurance agents and this is our honest United Home Life Insurance Review.
I’ll state this bluntly… If you’re considering United Home Life for a life insurance policy, you can do MUCH better. We used to represent United Home Life but found that we never really saw a reason to recommend them to clients for life insurance.
- United Home Life Insurance Review: What you should know…
- Overview of United Home Life Insurance Company
- United Home Life Insurance Products
- The Best Alternatives to United Home Life Insurance
They do, however, have one very specific niche in which they offer policies worth your consideration. If you have dementia, you may want to seriously consider a life insurance policy with United Home, but outside of that specific circumstance, you can do better elsewhere in every other situation we’ve come across.
United Home Life Insurance Review: What you should know…
You’ll find a lot of great reviews from other life insurance agencies on the internet about United Home Life.
They’re a very popular carrier to sell for a number of reasons:
- They have an easy to understand application so even the newest agents to the industry can understand and sell them.
- They pay great commissions.
- They have annual sales trips that are among the lowest in the industry to qualify for.
With those considerations in mind, it is no wonder that agents across the nation want to sell them and write glowing reviews around the net. Of course, you’ll get other life insurance agents that hop on board to push their products.
Who wouldn’t want to go on a Mediterranean cruise and get paid high commissions for writing business with them?
Alternatively, we believe in finding the best-priced life insurance policy from all the top-rated life insurance companies on the market. At Rootfin, we’re committed to providing unbiased reviews even if they’re tough on the company.
Our reviews on companies like Zander Insurance or Primerica Life Insurance are also tough on the company, but we also have glowing reviews of dozens of life insurance companies that give you some extra knowledge on carriers that might fit you better.
So just do yourself a favor and shop around. Every United Home Life policy we come across, we’ve been able to replace with less expensive options from higher-rated companies.
Overview of United Home Life Insurance Company
With that explanation of our unbiased criteria out of the way, let’s move on to reviewing the company and the life insurance products they have to offer.
History of United Home Life
First things first, United Home Life Insurance Company does have a long-standing history in the life insurance industry. The company has been around since 1948.
United Home Life’s parent company, United Farm Family Life, has been selling life insurance since 1937.
United Home Life’s Financial Ratings
We always recommend turning to the major credit rating agencies as you assess a life insurance company’s likelihood to honor its financial commitments to you.
United Home Life Insurance currently carries an “A-” (excellent) rating with A.M. Best.
United Home Life’s parent company, United Farm Family Life, also has excellent ratings from A.M. Best, with an “A” rating. In other words, with United Home Life Insurance’s financial strength, you can depend on United Home Life Insurance.
United Home Life Insurance Products
United Home Life offers customers final expense whole life insurance, term life insurance, accidental death coverage, and provider permanent life insurance.
United Home Life Accidental Death Coverage
United Home’s accidental death coverage, known as Protector AD, is an add-on to whole life coverage with the company. This rider is ideal for employees with high-risk professions.
With Protection AD, the policyholder’s coverage doubles after 20 years. Premiums are also guaranteed for the full extent of those 20 years, after which the premiums increase at a guaranteed rate.
Policyholders can also obtain a return of premium after 20 years is up, regaining their premiums paid and effectively ending the policy’s coverage.
United Home Life Term Life Insurance (No Exam)
United Home Life has a portfolio of term products that do not require a medical exam. However, if you compare the rates to other no exam products on the net, you’ll find that you can do much better when it comes to price.
The underwriting process on their term life insurance doesn’t require you to take a medical exam. So instead of a medical exam or bodily fluids testing, United Home Life will use a personal history interview over the phone to supplement your life insurance application.
They utilize this no-exam underwriting process on the following selection of term life products:
- Simple Term 20
- Simple Term 30
- Simple Term 20 with Return of Premium
- Simple Term 20 DLX.
As you can see from the list above, United Home does not offer a 10 or 15-year term, limiting coverage options for those looking for a policy to meet shorter-time financial goals.
However, if you compare the company’s underwriting to other no exam companies, they are lacking.
Many no exam term life insurance companies only have an online application with no phone interview required and a decision is handed down either instantly or within 24 hours, and with better rates.
United Home Life Final Expense Life Insurance
United Home Life seems to specialize in final expense policies where premiums will remain the same for the life of the policy. Like other final expense life insurance companies, your coverage cannot be canceled as long as you’re making your premium payments. Payments remain level for the rest of your life.
The United Home Life guaranteed issue life insurance product has no health questions.
It is, however, very expensive when you compare with others like Gerber guaranteed issue life insurance.
And with guaranteed acceptance life insurance, it truly is a commodity, meaning if you can’t qualify for traditional final expense life insurance, you should go out and find the lowest price possible.
The United Home Life Express Issue Whole Life Insurance plan is the company’s traditional final expense plans for those in good health. United Home also has a graded death benefit final expense plans for those in poor health.
However, nothing about these policies sets them apart from other companies. In every instance we’ve run across (other than dementia), another company would offer a better life insurance rate.
The Best Alternatives to United Home Life Insurance
You’re likely reading this review article because United Home Life was recommended by your agent. Remember what we mentioned at the beginning of this article about the high commissions, incentive trips, and easy applications?
That’s likely the reason you were recommended the company because truth be told there are much better options for both term life insurance and final expense life insurance.
Here’s how you can find better rates:
- Get your quote from United Home Life.
- Use our quote engine to get more quotes from other top life insurance companies.
- Compare the rates.
In almost every scenario, you’ll find better rates for the same type of policy.
Other Life Insurance Companies to Consider
Below are other life insurance company reviews. We recommend reading through some of them to compare who might be best for you.
- Mass Mutual guaranteed acceptance life insurance
- Allianz Life Insurance Company
- Phoenix Life Insurance Company
- Protective Life Insurance Company
- Sagicor Life Insurance Company
- Gerber guaranteed issue review
- Voya Life Insurance
- Banner Life Insurance
- Principal Life Insurance Company
Alternatively, if you need life insurance fast, read this article.
Life insurance is important so compare United Home Life Insurance to other companies to make sure you make the right decision.