United Insurance Company of America: A Comprehensive Review

United Insurance Company of America is one of the leading life insurance providers in the United States. It was founded in 1896 and has been providing insurance solutions to individuals and families for over a century. The company is known for its exceptional customer service, competitive pricing, and extensive product offerings. In this article, we will take a closer look at the company, its products, and services.

History of United Insurance Company of America

United Insurance Company of America was founded in 1896 by a group of businessmen in Portland, Oregon. The company’s initial goal was to provide life insurance to individuals and families at affordable rates. Over the years, the company grew and expanded its product offerings to include health insurance, annuities, and retirement planning solutions.

Today, United Insurance Company of America is part of the AIG family of companies and has a strong presence in the United States. The company operates in all 50 states and the District of Columbia and has over 2 million policyholders.

Products and Services

United Insurance Company of America offers a wide range of insurance products and services. The company’s product offerings include:

Product Type
Description
Life Insurance
Term life insurance, whole life insurance, and universal life insurance
Health Insurance
Individual health insurance, family health insurance, and Medicare supplement insurance
Annuities
Fixed annuities and variable annuities
Retirement Solutions
401(k) plans, IRA rollovers, and retirement income planning

Life Insurance Offerings

United Insurance Company of America provides a variety of life insurance options that can meet the needs of policyholders at different stages of their lives. Below are the types of life insurance policies offered by the company:

Term Life Insurance

Term life insurance is a type of insurance that provides coverage for a specified period. United Insurance Company of America offers term life insurance policies that can range from 10 to 30 years. Policyholders can choose the amount of coverage they need and the length of the policy term.

Whole Life Insurance

Whole life insurance is a type of permanent life insurance that provides coverage for the entire life of the policyholder. These policies come with a cash value component that accumulates over time and can be used for various financial needs.

Universal Life Insurance

Universal life insurance is another type of permanent life insurance that provides flexibility in terms of premiums and death benefit. Policyholders can adjust their premiums and death benefit as their financial needs change.

Health Insurance Offerings

United Insurance Company of America offers a range of health insurance options that can meet the needs of individuals and families. Below are the types of health insurance policies offered by the company:

Individual Health Insurance

Individual health insurance policies provide coverage for individuals who do not have access to group health insurance plans. These policies can cover a range of medical expenses, including hospitalization, doctor visits, and prescription drugs.

Family Health Insurance

Family health insurance policies provide coverage for families who want to ensure that all family members have access to medical care. These policies can cover a range of medical expenses, including hospitalization, doctor visits, and prescription drugs.

Medicare Supplement Insurance

Medicare supplement insurance policies provide additional coverage for seniors who are enrolled in Medicare. These policies can cover expenses such as deductibles, coinsurance, and copayments.

Annuities Offerings

United Insurance Company of America offers both fixed annuities and variable annuities. Below are the details of each type of annuity:

Fixed Annuities

Fixed annuities provide a guaranteed rate of return and are ideal for individuals who want to earn a fixed rate of interest on their investment. These annuities come with a range of surrender charges and withdrawal penalties.

Variable Annuities

Variable annuities provide the potential for higher returns but come with more risk. These annuities allow policyholders to invest their premiums in a range of investment options and can provide tax-deferred growth.

Retirement Solutions Offerings

United Insurance Company of America offers a range of retirement solutions that can help individuals plan for their future. Below are the types of retirement solutions offered by the company:

401(k) Plans

401(k) plans are employer-sponsored retirement plans that allow employees to save for retirement. United Insurance Company of America offers a range of 401(k) plans that can meet the needs of different businesses.

IRA Rollovers

IRA rollovers allow individuals to move their retirement savings from a previous employer’s retirement plan to an IRA. United Insurance Company of America offers a range of IRA rollover options.

Retirement Income Planning

Retirement income planning can help individuals ensure that they have enough money to live comfortably in retirement. United Insurance Company of America offers a range of retirement income planning solutions that can meet the needs of different individuals.

FAQ

What is United Insurance Company of America?

United Insurance Company of America is a life insurance provider that was founded in 1896. The company offers a range of insurance products and services, including life insurance, health insurance, annuities, and retirement solutions.

What types of life insurance policies does United Insurance Company of America offer?

United Insurance Company of America offers term life insurance, whole life insurance, and universal life insurance.

What types of health insurance policies does United Insurance Company of America offer?

United Insurance Company of America offers individual health insurance, family health insurance, and Medicare supplement insurance.

What types of annuities does United Insurance Company of America offer?

United Insurance Company of America offers fixed annuities and variable annuities.

What types of retirement solutions does United Insurance Company of America offer?

United Insurance Company of America offers 401(k) plans, IRA rollovers, and retirement income planning.

Conclusion

United Insurance Company of America is a reliable and trusted life insurance provider that offers a range of insurance products and services. The company’s extensive product offerings, exceptional customer service, and competitive pricing make it an attractive option for individuals and families who are looking for insurance solutions.