United Home Life Insurance Review | How To Buy + Quotes
last updated on December 2, 2020United Home Life, with over 70 years of history, offers a simple purchasing process for customers to secure life insurance protection.
We believe passionately that buying life insurance doesn’t need to be complicated.
– United Home Life
Is a policy through United Home Life in your best interest? Maybe.
While simplified issue coverage is easy to buy, you will want to take a close look at the details of their products before applying.
Here, we’ll cover everything you need to know to make a wise choice – company overview, product specifics, quotes, and frequently asked questions.
Table Of Contents
United Home Life Overview
United Home Life and its parent company, United Farm Family Life, are based out of Indianapolis, Indiana.
We specialize in simplified issue life insurance – it’s all we do.
– United Home Life
Founded in 1948 and 1937 respectively, United Home Life and United Farm Family Life focus on offering a simple purchasing platform for consumers to secure life insurance protection.
In total, the companies have over $2 billion in assets and over $20 billion of life insurance in force.
Financial Strength Rating: A- (A.M. Best)
United Home Life Products
Concentrating on life insurance with no exam required, United Home Life offers three types of coverage.
- Whole life insurance
- Term life insurance
- Accidental death insurance (as a rider added onto a whole life policy)
Further, a number of helpful benefits and riders are offered – they vary depending on the specific policy purchased.
Whole Life Insurance
United Home Life sells two forms of no exam whole life insurance.
- Guaranteed issue life insurance – everyone qualifies.
- Simplified issue life insurance – most people qualify.
Important – these whole life products are designed to cover final expense needs.
Guaranteed Issue
One of their most popular products, United Home Life’s guaranteed issue life insurance is issued to just about anyone who applies.
Great for someone who is otherwise uninsurable. Not so great if you can qualify for a different form of coverage.
Why? Because guaranteed issue accepts all applicants (barring age restrictions), this form of coverage absorbs substantial risk and, therefore, charges substantial premiums – for modest face amounts.
Also called, graded benefit endowment insurance, there are some key policy features to be aware of.
What is graded benefit endowment insurance? It is simply coverage that pays a death benefit after a fixed period of time. In this case, two years.
Issue ages
You must be between the ages of 45 – 75 to qualify.
All forms of guaranteed issue coverage include similar issue ages. However, Great Western accepts applicants at age 40.
If you are younger than 40 years and do not qualify for traditional life insurance, such as a 20-year term policy, look to accidental death and dismemberment insurance until you turn 40.
Face amount
Face amount is insurance lingo for the dollar amount of your life insurance policy.
Keep in mind, all guaranteed issue policies only offer modest face amounts. They are intended to provide funds for end-of-life expenses.
- Medical bills
- Funeral
- Burial costs
United Home Life’s guaranteed issue policies range between $5,000 – $25,000.
In comparison, if you can qualify – meaning that your health is at least decent – a term life insurance policy can be purchased for ten times the amount – $250,000, or more.
No exam
You will always skip a medical exam with guaranteed issue life insurance.
It is the simplest life insurance application United Home Life offers. Plan on only spending minutes on the entire process.
You should know, however, there five clarifying questions your agent will need to confirm with you. You must answer, “no” to the following:
- Do you reside in a nursing home or hospital?
- Are you receiving hospice or home health nursing care?
- Have you been diagnosed with AIDS or HIV positive?
- Have you been diagnosed with a terminal illness?
- Do you engage in intravenous drug use?
Different than United Home Life, most guaranteed issue carriers ask no health questions.
If you are determined to skip the needles and nurses but are comfortable with a health interview, you may want to evaluate no physical life insurance companies, first, especially if you need a larger policy.
Policy length
Just about all guaranteed issue policies are permanent.
As long as premium payments are made, your policy will not expire.
To contrast, term life insurance policies last a certain number of years:
Cash value
Unique to whole life insurance is a cash value component.
In addition to the death benefit, cash accumulates that can be accessed via policy loans or policy withdrawals.
Graded death benefit
You need to know that your policy will not pay the full death benefit immediately upon purchase.
In fact, you will need to wait a few years before your beneficiary will receive the proceeds of your contract. Called a graded death benefit, just about all guaranteed issue policies include this provision.
United Home Life guaranteed issue graded death benefit details:
- 1st year of policy – return of premiums paid, plus 6% interest
- 2nd year of policy – return of premiums paid, plus 12% interest
- 3rd year of policy – return of premiums paid, plus 18% interest
- 4th year of policy and beyond – full death benefit paid
If death occurs as a result of a qualifying accident during the graded period, the full death benefit is paid.
Important – some guaranteed issue companies only require a graded period for two years, such as Gerber guaranteed issue.
Simplified Issue
United Home Life’s second permanent product is also called, express issue whole life.
There are four categories of coverage, each with different available face amounts and varying degrees of underwriting.
- Standard – minimum underwriting
- Deluxe – modest underwriting
- Premier – more underwriting
- Provider – more underwriting
Unsurprisingly, the products that offer larger face amounts require more underwriting (and include less expensive rates).
Look to simplified issue before guaranteed issue to see if you qualify.
Issue ages
United Home Life accepts a wide age range of applicants for their simplified issue whole life products.
- Standard – 25 – 80 years old
- Deluxe – 20 – 80 years old
- Premier – 20 – 80 years old
- Provider – 0 – 80 years old (includes juvenile life insurance)
Face amount
- Standard – $2,000 – $25,000
- Deluxe – $5,000 – $50,000
- Premier – $5,000 – $100,000
- Provider – $10,000 – $150,000
Keep in mind, life insurance is purchased to financially protect those you care about most.
It may be that you need to evaluate larger face amounts, such as $500,000, after conducting a needs analysis. If you are in decent health, consider traditional coverage, first.
No exam
While there is no medical exam for simplified issue, you will need to participate in a personal health interview (PHI).
What you will skip:
- Needles, nurses
- Liquid samples
- In-person physical
What you will participate in (over the phone):
- Health interview, including:
- medical history
- physician contact information
- other important information from the application
In addition, United Home Life will run a MIB (Medical Information Bureau) check – a database of previous insurance applications. A prescription drug database check is also conducted.
Don’t let the health interview scare you off. Applicants that were previously declined for coverage are often approved.
For example, there is only a one-year look back for conditions such as:
Expect the entire process to take about 15 minutes.
United Home Life does, however, reserve the right to request a medical exam or lab testing due to the applicant’s medical history or build.
Policy length
Simplified issue whole life is permanent life insurance.
Your policy will last as long as you live, as long as you keep it in-force (pay your premiums).
For some, the coverage need is indefinite and whole life should be looked at.
Cash value
Almost all forms of whole life insurance include a cash-value component. United Home Life is no exception.
Policy loans and policy withdrawals can be utilized with the policy’s guaranteed cash values.
Graded death benefit
The graded death benefit provision varies, depending on the type of simplified issue whole life product purchased:
- 1st policy year – return of premiums, plus 12% interest
- 2nd policy year – return of premiums, plus 24% interest
Benefits and Riders
Benefits and riders are contractual provisions to your policy, in addition to the death benefit. They can make a positive impact during a difficult time.
Depending on the specific product, United Home Life offers the following benefits and riders for whole life insurance.
- Child Rider – coverage for insured’s children for ages 30 days – 18 years (or you can buy separate life insurance for your baby or child)
- Accidental Death Benefit – pays an additional death benefit for qualifying accidental deaths (or you can buy a separate accidental death policy)
- Terminal Illness Accelerated Benefit Rider (at no additional cost) – access to policy’s death benefit upon terminal illness diagnosis
- Identity Theft Waiver of Premium – premiums are waived for three months if insured experiences identity theft
- Hospital Stay Waiver of Premium – premiums are waived for three months if insured is hospitalized for 20 or more days
- Guaranteed Insurability Rider (at no additional cost) for juvenile policies: ages 0 – 17; the right to purchase additional coverage
- Total and Permanent Disability Benefit – premiums waived during total disability, up to age 60
- Common Carrier Accidental Death Benefit (at no additional cost) – pays an additional death benefit if death occurs as a result of injuries sustained as a fare-paying passenger on public transportation
- Life-Threatening Cancer Accelerated Benefit (at no additional cost) – advances up to 10% of the policy face amount the if insured is diagnosed with life-threatening cancer
- Charitable Gift Donation Benefit – (at no additional cost) provides an additional 1% of base policy amount to a charity chosen by the policy owner upon the insured’s death
Term Life Insurance
Term life insurance lasts for a period of time, determined when you buy your policy – such as 30 years.
It is best for those who are on a budget and only need protection for a certain amount of time, say when you are raising your children.
You will find that term life insurance is more affordable than whole life insurance.
Issue ages
You must be between 20 – 60 years old to be eligible.
In contrast, other no physical life insurance carriers provide coverage to older applicants:
- Foresters – up to age 80
- Nassau Re – up to age 80
- American National – up to age 65
- Sagicor – up to age 65
- Fidelity – up to age 65
In fact, if you are older, evaluate all of your options for life insurance for seniors before applying. Often, financial needs adjust as we age and policy options and features change, accordingly.
Face amount
Your policy can be for any amount between $25,000 – $300,000.
In general, most applicants require more term coverage than $25,000.
And, most carriers offer larger face amounts for their term policies, even over $1 million (John Hancock offers up to $3 million in coverage with no exam automatically required).
Work with an independent agent to determine your financial coverage needs before settling on a certain face amount.
Policy length
Remember, term coverage lasts for a selected number of years, often with the option to extend the coverage after the initial term – with higher premiums.
United Home Life offers two term lengths:
Specifically, the products are called:
- Simple Term 20
- Simple Term 20 ROP
- Simple Term 30
- Simple Term 30 ROP
ROP stands for, return of premium. The ROP allows for your premium payments to be returned at the end of the initial term via a guaranteed cash value that builds during the life of policy.
Most carriers offer more term length options, including:
Note – Banner offers an uncommon 40-year term life insurance policy.
Level premiums
Your premium payments will remain level for the initial term period – they will not change.
After the initial term, premiums increase on an annual basis, if you choose to keep the policy in force.
No exam
United Home Life utilizes simplified underwriting for their term products, just like their simplified issue whole life products.
There is no automatic medical exam, no bodily fluids required, no stepping on a scale.
Instead, you will participate in the PHI – personal history interview. You will be asked questions about your health, medical history, and lifestyle to determine if you are a good fit for this form of coverage.
Just relax and be forthcoming in your responses.
– United Home Life
Important – honesty is necessary during the interview. If discrepancies are found on the application, it could jeopardize your ability to buy coverage.
And, online databases are checked, like the medical information bureau and prescription history, to cross-reference your application answers.
Though not routine, sometimes a medical exam is ordered due to the answers on the application – like medical history or weight.
Note – United Home Life’s term product specializes in approving insulin-dependent diabetics.
Benefits and Riders
Additional beneficial features to your life insurance contract are available.
United Home Life offers the following for their term policies, depending on the specific product purchased:
- Total and Permanent Disability Benefit – premiums waived during total disability, up to age 60
- Accidental Death Benefit – pays an additional death benefit for a qualifying accidental death
- Child Rider – coverage for insured’s children for ages 30 days – 18 years
- Terminal Illness Accelerated Benefit – (at no additional cost) access to policy’s death benefit upon terminal illness diagnosis
Accidental Death Insurance
Accidental death insurance is technically not life insurance.
Why? This form of coverage only pays a death benefit if death occurs as the result of a qualifying accident, such as a fall or car accident.
Important – United Home Life’s accidental death insurance is not a standalone policy. Rather, it is an add-on rider attached to a whole life product.
United Home Life’s accidental death product is called the Protector AD.
Issue ages
You must be between the ages of 18 – 60 to buy.
Face amount
There are three available face amounts to choose from: $50,000, $75,000 or $100,000.
Note – Protector AD is guaranteed to double over the first 20 years of the policy, while your premium payments remain level.
What does that mean? Your accidental death policy builds cash value, that after 20 policy years, equals 20 additional premium payments – effectively doubling the death benefit.
After the 20th policy year, you may elect to utilize the return of premium option, in which your premium payments are returned to you and your policy is terminated.
Or, you may opt to continue coverage with increasing annual premiums.
Policy length
You have two policy length options for the Protector AD:
- 20 year term
- Permanent
The initial policy lasts for 20 years, with the option to convert into a permanent policy.
No exam
Underwriting (the process of risk assessment) for this product is just about non-existent.
There’s just one non-health question.
The only question will you be asked is:
“In the past three (3) years, have you had any participation in, or contemplate any future participation in any hazardous sport or aviation, or had your driver’s license suspended or revoked, or in the past, five (5) years have you been convicted of operating a vehicle while intoxicated?“.
If you can answer, “No.”, to this question, you are eligible to purchase United Home Life’s accidental death policy.
Your rates will be the same regardless of whether you are a smoker or not.
Exclusions
It’s important to be aware the the policy’s exclusions.
In particular, exclusions apply to some occupations and some causes of death.
Occupations that will be declined include:
- Aviation: pilot/crew
- FBI, CIA, SWAT teams, bomb disposal crews
- Active military
- Chemical/biological weaponry industry
- Explosives technicians/handlers
- Overseas security providers
- Professional athletes
- Racing
Occupations that will be approved include:
- Policemen, limited to municipal/armed guards/corrections officers
- Firefighters, limited to municipal/volunteer
- Semi-truck/long-haul trucking
- Coal miners, limited to surface workers (no explosives)
- Construction workers (no explosives/blasting)
- Medical professionals
- Logging/sawmill workers
- Postal workers
Additionally, the cause of death determines whether the policy will pay or not.
Aptly named, accidental insurance only pay if death occurs as a result of a qualifying accident – not from an illness or certain activities.
The following causes of death do not qualify for the accidental death policy to pay (not a comprehensive list):
- Cancer
- Heart disease
- Chronic illness
- Stroke
- Natural causes
- COPD
- SCUBA
- Mountain climbing
- Sky diving
- Rodeo
- Private aviation
- Auto/motorcycle
- Suicide
- Driving under the influence
Conversely, the following causes of death are usually covered under an accidental death policy:
- Falls
- Drowning
- Choking
- Fire
- Motor vehicle (not DUI)
- Commercial flight
- Falling object
- Accidental poisoning
- Firearm accident
- Heavy machinery
Note – benefits and riders do not exist for this form of coverage.
United Home Life Insurance Quotes
You will find sample rates below for United Home Life’s products.
Be sure to compare quotes with other carriers to verify you are comfortable with the cost.
Guaranteed Issue Whole Life Quotes
Remember, guaranteed issue life insurance will cost more because just about everyone is approved.
Rates are for non-tobacco users. Smokers will be charged more.
United Home Life Guaranteed Issue Quotes Male
| $5,000 | $7,000 | $10,000 | |
|---|---|---|---|
| 45 Year Old | $31.33 | $42.13 | $58.32 |
| 46 Year Old | $32.11 | $43.22 | $59.87 |
| 47 Year Old | $32.92 | $44.35 | $61.49 |
| 48 Year Old | $33.75 | $45.51 | $63.15 |
| 49 Year Old | $34.60 | $46.71 | $64.86 |
| 50 Year Old | $35.49 | $47.95 | $66.63 |
| 51 Year Old | $36.41 | $49.23 | $68.46 |
| 52 Year Old | $37.34 | $50.54 | $70.33 |
| 53 Year Old | $38.31 | $51.89 | $72.27 |
| 54 Year Old | $39.31 | $53.30 | $74.27 |
| 55 Year Old | $40.54 | $55.02 | $76.73 |
| 56 Year Old | $41.88 | $56.89 | $79.41 |
| 57 Year Old | $43.28 | $58.86 | $82.22 |
| 58 Year Old | $44.74 | $60.90 | $85.14 |
| 59 Year Old | $46.28 | $63.05 | $88.20 |
| 60 Year Old | $47.88 | $65.30 | $91.42 |
| 61 Year Old | $49.57 | $67.66 | $94.80 |
| 62 Year Old | $51.34 | $70.13 | $98.33 |
| 63 Year Old | $53.20 | $72.74 | $102.05 |
| 64 Year Old | $55.14 | $75.46 | $105.94 |
| 65 Year Old | $57.19 | $78.32 | $110.02 |
| 66 Year Old | $59.86 | $82.07 | $115.38 |
| 67 Year Old | $62.38 | $85.59 | $120.41 |
| 68 Year Old | $65.05 | $89.34 | $125.76 |
| 69 Year Old | $67.90 | $93.32 | $131.46 |
| 70 Year Old | $70.93 | $97.56 | $137.50 |
| 71 Year Old | $74.14 | $102.05 | $143.92 |
| 72 Year Old | $77.53 | $106.80 | $150.71 |
| 73 Year Old | $81.09 | $111.79 | $157.84 |
| 74 Year Old | $84.83 | $117.02 | $165.31 |
| 75 Year Old | $88.74 | $122.50 | $173.13 |
United Home Life Guaranteed Issue Quotes Female
| $5,000 | $7,000 | $10,000 | |
|---|---|---|---|
| 45 Year Old | $29.01 | $38.87 | $53.67 |
| 46 Year Old | $29.65 | $39.78 | $54.96 |
| 47 Year Old | $30.32 | $40.70 | $56.28 |
| 48 Year Old | $30.99 | $41.65 | $57.64 |
| 49 Year Old | $31.69 | $42.63 | $59.04 |
| 50 Year Old | $32.41 | $43.63 | $60.47 |
| 51 Year Old | $33.14 | $44.66 | $61.94 |
| 52 Year Old | $33.90 | $45.71 | $63.44 |
| 53 Year Old | $34.67 | $46.80 | $64.99 |
| 54 Year Old | $35.47 | $47.91 | $66.58 |
| 55 Year Old | $36.44 | $49.28 | $68.53 |
| 56 Year Old | $37.50 | $50.76 | $70.65 |
| 57 Year Old | $38.60 | $52.30 | $72.85 |
| 58 Year Old | $39.75 | $53.92 | $75.16 |
| 59 Year Old | $40.95 | $55.59 | $77.54 |
| 60 Year Old | $42.20 | $57.34 | $80.05 |
| 61 Year Old | $43.51 | $59.17 | $82.67 |
| 62 Year Old | $44.87 | $61.07 | $85.38 |
| 63 Year Old | $46.28 | $63.06 | $88.22 |
| 64 Year Old | $47.98 | $65.43 | $91.61 |
| 65 Year Old | $49.31 | $67.30 | $94.27 |
| 66 Year Old | $51.20 | $69.95 | $98.06 |
| 67 Year Old | $52.95 | $72.39 | $101.55 |
| 68 Year Old | $54.79 | $74.96 | $105.23 |
| 69 Year Old | $56.73 | $77.69 | $109.12 |
| 70 Year Old | $58.79 | $80.57 | $113.23 |
| 71 Year Old | $60.96 | $83.61 | $117.57 |
| 72 Year Old | $63.23 | $86.78 | $122.11 |
| 73 Year Old | $65.61 | $90.11 | $126.86 |
| 74 Year Old | $68.08 | $93.57 | $131.81 |
| 75 Year Old | $70.65 | $97.17 | $136.96 |
Simplified Issue Whole Life Quotes
Rates are for non-tobacco individuals.
United Home Life Simplified Issue Quotes Male
| $5,000 | $15,000 | $25,000 | |
|---|---|---|---|
| 25 Year Old | $22.54 | $58.92 | $95.30 |
| 30 Year Old | $22.54 | $58.92 | $95.30 |
| 35 Year Old | $22.54 | $58.92 | $95.30 |
| 40 Year Old | $22.54 | $58.92 | $95.30 |
| 45 Year Old | $22.54 | $58.92 | $95.30 |
| 50 Year Old | $25.29 | $67.16 | $109.03 |
| 55 Year Old | $29.62 | $80.17 | $130.71 |
| 60 Year Old | $35.91 | $99.02 | $162.13 |
| 65 Year Old | $45.18 | $126.84 | $208.51 |
| 70 Year Old | $59.64 | $170.23 | $280.81 |
| 75 Year Old | $80.45 | $232.65 | $384.84 |
| 80 Year Old | $108.36 | $316.38 | $524.41 |
United Home Life Simplified Issue Quotes Female
| $5,000 | $15,000 | $25,000 | |
|---|---|---|---|
| 25 Year Old | $21.05 | $54.46 | $87.87 |
| 30 Year Old | $21.05 | $54.46 | $87.87 |
| 35 Year Old | $21.05 | $54.46 | $87.87 |
| 40 Year Old | $21.05 | $54.46 | $87.87 |
| 45 Year Old | $21.05 | $54.46 | $87.87 |
| 50 Year Old | $23.21 | $60.94 | $98.67 |
| 55 Year Old | $26.25 | $70.04 | $113.83 |
| 60 Year Old | $30.44 | $82.63 | $134.81 |
| 65 Year Old | $36.18 | $99.85 | $163.52 |
| 70 Year Old | $44.87 | $125.90 | $206.94 |
| 75 Year Old | $56.86 | $161.88 | $266.90 |
| 80 Year Old | $72.98 | $210.25 | $347.52 |
Term Life Insurance Quotes
United Home Life’s term product includes a built-in rating of 4 tables, meaning that this policy is best for someone with a few minor health issues.
If you are healthy, look to other no physical life insurance companies.
Rates are for non-tobacco individuals.
United Home Life Term Life Insurance Quotes Male
| $25,000 | $100,000 | $300,000 | |
|---|---|---|---|
| 20 Year Old | $14.40 | $31.49 | $77.08 |
| 25 Year Old | $14.40 | $31.49 | $77.08 |
| 30 Year Old | $14.66 | $32.54 | $80.21 |
| 35 Year Old | $15.07 | $34.19 | $85.17 |
| 40 Year Old | $17.57 | $44.20 | $115.19 |
| 45 Year Old | $23.25 | $66.90 | $183.31 |
| 50 Year Old | $31.21 | $98.75 | NA |
| 55 Year Old | $42.00 | $141.90 | NA |
| 60 Year Old | $64.49 | $231.86 | NA |
United Home Life Term Life Insurance Quotes Female
| $25,000 | $100,000 | $300,000 | |
|---|---|---|---|
| 20 Year Old | $13.66 | $28.54 | $68.21 |
| 25 Year Old | $13.66 | $28.54 | $68.21 |
| 30 Year Old | $14.01 | $29.93 | $72.38 |
| 35 Year Old | $14.31 | $31.15 | $76.04 |
| 40 Year Old | $16.29 | $39.06 | $99.79 |
| 45 Year Old | $19.44 | $51.68 | $137.63 |
| 50 Year Old | $24.29 | $71.08 | NA |
| 55 Year Old | $31.04 | $98.05 | NA |
| 60 Year Old | $43.52 | $147.99 | NA |
Accidental Death Insurance Quotes
Keep in mind, United Home Life’s accidental death insurance is not a standalone policy.
You may add it on in the form of a rider to a whole life product.
United Home Life Accidental Death Quotes
| Option 1 | Option 2 | Option 3 | |
|---|---|---|---|
| AD Benefit | $50,000 | $75,000 | $100,000 |
| Doubles in 20 years | $100,000 | $150,000 | $200,000 |
| Monthly Premium | $17.18 | $21.42 | $25.67 |
| Annual Premium | $197.50 | $246.25 | $295.00 |
| Return Of Premium Year 20 | $3,950 | $4,925 | $5,900 |
Frequently Asked Questions
Frequently asked questions about United Home Life and their unbiased answers.
Is United Home Life good?
With strong financial ratings and an A+ grade from the Better Business Bureau, United Home Life has built a strong reputation.
They focus on straightforward life insurance products with a straightforward application process.
However, rates tend to be more expensive than similar products offered by other carriers.
Should I buy a United Home Life policy?
Perhaps.
But, first, conduct a needs analysis and an honest assessment of your health.
Grab a calculator to determine:
- Annual income
- Years until retirement
- Outstanding debts (credit card, car, student loan)
- Mortgage or rent
- Monthly living expenses (utilities, bills, food)
- Financial needs of loved ones
Next, you will want to jot down the current status of your health and whether you have recently experienced major medical events.
United Home Life is more lenient with health conditions that the average carrier. If you are in less than perfect health, their less-invasive underwriting process may be beneficial to you.
What type of life insurance policy should I buy?
In a perfect world, you will buy the policy that lasts for as long as you need it, and for an amount that will cover all of your beneficiaries’ monetary requirements.
Your health and your budget are the two primary factors that may impact that “perfect world” policy.
First, determine how long you will need financial protection.
- Term – for a certain number of years (e.g. 30-year term)
- Permanent – for an indefinite period (e.g. whole life)
Next, work with an independent agent to analyze any health concerns you have and your budget for coverage.
How To Buy
Whether you apply for life insurance with United Home Life, or any carrier, it’s in your best interest to be prepared.
- Conduct a needs analysis
- Write down your beneficiary’s information
- List any major health concerns
Next, collaborate with an independent agent. Why? They are not held captive to any one company and have your best interest top of mind.
A great place to start is with a free quote.
