United World Life Insurance Company is a leading provider of affordable life insurance and annuity products in the United States. With over half a century of experience, the company is committed to helping people protect their financial future by offering comprehensive and reliable insurance options.
About United World Life Insurance Company
United World Life Insurance Company was founded in 1956 and is headquartered in Omaha, Nebraska. The company is a subsidiary of Mutual of Omaha Insurance Company, a Fortune 500 company that has been in business for over 100 years. United World Life Insurance Company is licensed to sell its products in 49 states and the District of Columbia.
The company’s mission is to provide financial security and peace of mind to its policyholders through affordable life insurance and annuity solutions. United World Life Insurance Company offers a variety of products, including term life insurance, whole life insurance, and annuities.
Term Life Insurance
Term life insurance is a popular choice for individuals who want affordable coverage for a specific period of time. United World Life Insurance Company offers term life insurance policies for periods ranging from 10 to 30 years. These policies offer a death benefit to the policyholder’s beneficiaries if the policyholder passes away during the term.
United World Life Insurance Company’s term life insurance policies are available in both level and decreasing benefit options. Level benefit policies offer a fixed death benefit throughout the term, while decreasing benefit policies decrease the death benefit over time.
Level Benefit Term Life Insurance
United World Life Insurance Company’s level benefit term life insurance policies are available in 10, 15, 20, 25, and 30-year terms. These policies offer a level death benefit throughout the term and may be renewable for an additional term or convertible to a permanent policy.
Features and Benefits of Level Benefit Term Life Insurance
United World Life Insurance Company’s level benefit term life insurance policies offer the following features and benefits:
Feature/Benefit |
Description |
|---|---|
Flexible Coverage |
Policyholders can choose the amount of coverage they need based on their individual needs. |
Fixed Premiums |
Premiums are guaranteed to remain the same throughout the term of the policy. |
Renewable |
Policyholders may renew their policy at the end of the term, without the need for a medical exam. |
Convertible |
Policyholders may convert their term policy to a permanent policy without the need for a medical exam. |
Accelerated Death Benefit |
Policyholders may receive a portion of the death benefit if they are diagnosed with a terminal illness. |
Decreasing Benefit Term Life Insurance
United World Life Insurance Company’s decreasing benefit term life insurance policies are available in 15, 20, and 30-year terms. These policies offer a death benefit that decreases over time, making them a good option for individuals who have decreasing financial obligations over time, such as a mortgage or other debts.
Features and Benefits of Decreasing Benefit Term Life Insurance
United World Life Insurance Company’s decreasing benefit term life insurance policies offer the following features and benefits:
Feature/Benefit |
Description |
|---|---|
Flexible Coverage |
Policyholders can choose the amount of coverage they need based on their individual needs. |
Fixed Premiums |
Premiums are guaranteed to remain the same throughout the term of the policy. |
Renewable |
Policyholders may renew their policy at the end of the term, without the need for a medical exam. |
Convertible |
Policyholders may convert their term policy to a permanent policy without the need for a medical exam. |
Accelerated Death Benefit |
Policyholders may receive a portion of the death benefit if they are diagnosed with a terminal illness. |
Whole Life Insurance
United World Life Insurance Company’s whole life insurance policies provide permanent coverage that lasts for the lifetime of the policyholder. These policies offer a death benefit to the policyholder’s beneficiaries and also accumulate cash value over time.
Features and Benefits of Whole Life Insurance
United World Life Insurance Company’s whole life insurance policies offer the following features and benefits:
Feature/Benefit |
Description |
|---|---|
Guaranteed Coverage |
Policyholders are guaranteed coverage for their lifetime, as long as premiums are paid. |
Fixed Premiums |
Premiums are guaranteed to remain the same throughout the lifetime of the policy. |
Cash Value Accumulation |
Whole life insurance policies accumulate cash value over time that may be accessed through policy loans or surrender. |
Accelerated Death Benefit |
Policyholders may receive a portion of the death benefit if they are diagnosed with a terminal illness. |
Annuities
United World Life Insurance Company offers a variety of annuity products that provide a guaranteed stream of income in retirement. Annuities may be purchased with a single premium payment or with periodic premium payments over time.
Features and Benefits of Annuities
United World Life Insurance Company’s annuity products offer the following features and benefits:
Feature/Benefit |
Description |
|---|---|
Guaranteed Income |
Annuities provide a guaranteed stream of income during retirement. |
Flexible Payout Options |
Policyholders may choose from a variety of payout options, including lifetime income, joint and survivor income, and fixed periods. |
Tax Deferral |
Annuities offer tax-deferred growth, meaning that taxes are not due on earnings until they are withdrawn. |
Death Benefit |
Annuities may include a death benefit that provides a payout to the policyholder’s beneficiaries in the event of their death. |
FAQs
What types of life insurance does United World Life Insurance Company offer?
United World Life Insurance Company offers term life insurance and whole life insurance.
What is the difference between term life insurance and whole life insurance?
Term life insurance provides coverage for a specific period of time and pays a death benefit if the policyholder passes away during the term. Whole life insurance provides coverage for the lifetime of the policyholder and also accumulates cash value over time.
What is an annuity?
An annuity is a financial product that provides a guaranteed stream of income in retirement.
What types of annuities does United World Life Insurance Company offer?
United World Life Insurance Company offers a variety of annuity products, including fixed annuities, indexed annuities, and single premium immediate annuities.
What is the process for applying for life insurance or an annuity with United World Life Insurance Company?
The process for applying for life insurance or an annuity with United World Life Insurance Company typically involves completing an application, undergoing a medical exam, and providing other personal and financial information. A licensed insurance agent can guide you through the process and help you choose the best policy for your needs.
How do I make a claim on a life insurance policy or annuity with United World Life Insurance Company?
To make a claim on a life insurance policy or annuity with United World Life Insurance Company, contact the company’s claims department. The claims process typically involves submitting a claim form, providing proof of the policyholder’s death or the need for income payments, and providing any other information that may be required.