United Home Life Insurance Review

In this article...
  • Learn how United Home Life term and whole life insurance policies work, including details about the application process and no-cost and optional riders.

It's always important to do your research before purchasing life insurance to ensure your plan meets your unique needs. United Home Life sells a wide range of whole and term life insurance policies with various rider options. Below, you can find out what products United Home Life offers and whether the company could be a good fit for you.

About United Home Life

United Home Life is a subsidiary of the United Farm Family company and was incorporated in 1948. The company is based in Indianapolis, IN, and has an A- (Excellent) A.M. Best rating. United Home Life specializes in tailored life insurance products and accidental death cover, including plans for people with diabetes.

What Life Insurance Products Does United Home Life Offer?

United Home Life offers a range of whole life and term life insurance policies. Its life insurance product range includes policies that cover qualifying people with diabetes from day one. The company also offers an optional accidental death coverage policy. Most products include no-cost riders, and you can add optional riders to ensure your policy meets your needs. 

Simplified Issue Whole Life Insurance

Simplified issue policies have a streamlined application process without a medical exam or bodily fluid tests. You can apply for a United Home Life simplified issue whole life policy by filling in a health questionnaire and participating in a short personal history interview (PHI) over the phone. 

There are four simplified issue whole life insurance products to choose from. Express Issue Whole Life pays the whole death benefit if you die due to accidental causes in the first two years or by natural causes after the first two years. Your beneficiary receives the total of pay premiums plus interest if you die by natural causes before the start of year three. Express Issue Premier, Express Issue Deluxe and Provider policies provide an immediate death benefit. 

United Home Life's simplified issue policies include certain no-cost riders, and which ones you receive depends on your policy choice. There are also several optional riders available for an extra premium. Riders include:

  • Common carrier accidental death benefit
  • Guaranteed insurability benefit
  • Hospital stay waiver of premium
  • Identity theft waiver of premium
  • Life-threatening cancer accelerated benefit
  • Terminal illness accelerated benefit
  • Child rider (optional)
  • Total and permanent disability benefit (optional)

Guaranteed Issue Whole Life Insurance

A United Home Life guaranteed issue whole life policy guarantees to cover eligible enrollees regardless of health status, and you won't need to complete a health questionnaire or undergo a medical exam to qualify. Premiums remain level throughout your lifetime, which means that United Home Life guarantees not to raise your premiums at any point. 

The policy pays the full death benefit if you die by natural causes during the first two years and refunds paid premiums plus interest if you die by natural causes. Your beneficiary receives the full death benefits if you die due to natural causes from the beginning of year three. 

Term Life Insurance

United Home Life's term life insurance product range guarantees fixed premiums for the policy's lifetime. The company also guarantees renewability until the age of 95, and premiums increase yearly if you choose to renew at the end of the policy term. Applicants fill in a health questionnaire and complete a PHI interview instead of undergoing a medical exam.

All term life insurance policies include a no-cost terminal illness accelerated benefit rider. Optional riders include accidental death benefit, child rider and total and permanent disability benefit. There are four term life insurance policies available.

  • Simple Term 20: Guarantees level premiums and death benefit for 20 years
  • Simple Term 20 ROP: Return-of premium (ROP) feature guarantees a refund of paid premiums if you outlive the policy term, alongside level premiums and death benefit for 20 years
  • Simple Term 30: Guarantees level premiums and death benefit for 30 years
  • Simple Term 20 DLX: Guarantees a level death benefit for 30 years and level premiums for 20 years, with annually increasing premiums from year 21

Diabetes Life Insurance

United Home Life considers applicants with diabetes for two life insurance products.

  • Express Issue Deluxe Whole Life: Between the ages of 20 and 80 with a face amount between $5,000 and $50,000
  • Simple Term 20 DLX: Between the ages of 20 and 60 with a face amount between $25,000 and $50,000

United Home Life doesn't require a medical exam for people with diabetes. It will issue coverage if you're insulin-dependent or have been refused coverage by other providers, provided you meet other eligibility criteria.

Protector AD 

Protector AD is United Home Life's optional accidental death benefit rider. It attaches to a small whole life insurance policy and guarantees level premiums for the first 20 years. It also guarantees renewability as long as you're up to date with your premium payments. Otherwise, you can select the ROP option at the end of the policy's term and receive a refund of your premium payments, which terminates your coverage. 

A Protector AD policy generates cash value. United Home Life guarantees that the death benefit will double over 20 years. The company considers most applicants for a Protector AD policy provided they don't participate in dangerous leisure activities or aviation, haven't had their driver's license removed and haven't received a drunk driving conviction in the previous five years.

The Pros and Cons of United Home Life

The primary selling point of United Home Life's life insurance products is that the company doesn't require medical exams or bodily fluid testing to determine eligibility. This means that people who have been refused coverage for medical reasons, including on the grounds of having diabetes, may be able to secure coverage through United Home Life. The company's eligibility assessment policy also makes the application process simpler than many of its competitors.

However, the company doesn't provide detailed explanations of its policies on its website, and most policy descriptions don't include breakdowns of expected premium rates and death benefits. Therefore, it's difficult for consumers to assess whether a United Home Life policy is a good option for them without contacting the company.

United Home Life Reviews: What People Are Saying

Several online reviewers note that United Home Life offers professional and knowledgeable customer support. Reviewers appreciate that the insurance representatives take the time to help them select the best policy for their needs. One customer mentions that the company canceled their policy following an audit, but the circumstances are unclear. 

Is a United Home Life Life Insurance Policy Right for You?

It may be worth considering taking out a United Home Life insurance policy if you want to avoid undergoing a lengthy application process or medical exam. It could also be a good option if you have diabetes and have been refused coverage by other insurers.

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