American United Life Insurance Review [2024]
Our American United Insurance Company review covers this company's term and whole insurance with the option to convert from term to whole if necessary. Its financial strength is rated A+ by A.M. Best.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Aug 16, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Aug 16, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- American United Life Insurance Company has been operating in the United States selling life insurance since 1877.
- In 2000, the company joined its parent company OneAmerica.
- OneAmerica also owns a number of financial service firms that offer consumers a host of services from retirement planning to investing.
- One of American United’s most celebrated life insurance products is its cash value life insurance.
This American United Life Insurance Company review will focus mainly on the life insurance products offered. This company two life insurance products: term life insurance and whole life insurance.
How much life insurance do you need? The answer to this question will help you decide between term and whole life insurance policies.
Our review will also look at the way American United insurance life policies for cash value work. We’ll help you understand the pros and cons of this type of life insurance.
Even though American United Life Insurance Company has been in business for well over 140 years, they have only recently (in the last 20 years) joined parent company OneAmerica.
OneAmerica offers broad financial and insurance services to consumers. American United is the main life insurance provider of OneAmerica.
Let’s take a closer look at American United, the life insurance policies they offer consumers and the financial strength of the company. Read more to learn everything you need to know about American United.
Ready to compare life insurance quotes? Enter your ZIP code above to see life insurance rates from the top companies in your area.
Exploring American United Life Insurance Company: Additional Insights
How to Access Customer Support and Account Management
American United Life Insurance Company offers various ways to manage your insurance and get assistance. Here’s a guide to accessing customer support and managing your account:
1. Customer Service Contact Information
To get in touch with American United Insurance Company, use the following contact details:
- Phone Number: Call the American United Life Insurance Company phone number at [insert phone number] for general inquiries and support.
- Customer Service: Reach out to American United Life Insurance Company customer service for assistance with policy questions and account issues.
2. Managing Your Account Online
You can manage your insurance policies and access account details online. Here’s how:
- Login: Visit the American United Life Insurance Company login page at www.unitedlife.com to access your account. Ensure you have your login credentials handy.
- Website Access: For more information, visit the American United Life Insurance Company website at unitedlife.com. Here, you can find policy details, make payments, and more.
3. Additional Contact Information
For any issues or specific queries, you can use the following resources:
- American United Life Insurance Phone Number: For any phone inquiries related to your life insurance, use the American United insurance phone number provided on their website.
- American United Insurance Phone Number: A different number for various insurance-related queries can be found under the contact section of the website.
Summary
To effectively manage your policy with American United Life Insurance Company, utilize their customer service resources and online tools. For any additional support, the American United Life Insurance Company phone number and website provide comprehensive access to services and information.
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What life insurance products does American United offer?
Compared to many other life insurance providers, American United’s offerings are rather simple. The company offers consumers two life insurance options: term life insurance and whole life insurance.
Depending on your unique situation one of these options may be more attractive than the other. Let’s dive a little deeper.
Is term life insurance right for me?
Term life insurance is generally the most affordable life insurance option. This type of insurance will only cover you for a specific term. American United offers term life insurance policies with 10, 15, 20, and 30-year terms.
Term life insurance is a great option for protecting income in the event of untimely death and ensuring the mortgage or another major loan will be covered should you die. Since term life insurance is temporary it’s way more affordable than whole life insurance.
Term vs. Whole Life Insurance Monthly Rates by Age & Gender
| Policyholder Age | Term Life - Males | Term Life - Females | Whole Life - Males | Whole Life - Females |
|---|---|---|---|---|
| 25-Year-Old | $15 | $13 | $94 | $85 |
| 35-Year-Old | $15 | $14 | $128 | $113 |
| 45-Year-Old | $22 | $20 | $191 | $243 |
| 55-Year-Old | $44 | $34 | $295 | $422 |
| 65-Year-Old | $106 | $73 | $528 | $204 |
What is cool about American United Life Insurance Company is that they allow you to convert your term life insurance policy to a whole life insurance policy should your needs change. This is a great choice for people who may want whole life insurance but can’t afford it at the moment.
Why should I consider whole life insurance?
Whole life insurance never expires and it even grows a cash value over time. American United offers an interesting brand of whole life insurance typically referred to as cash value life insurance.
This is a type of whole life insurance that gains value over time by adding interest based on market performance to your cash accumulation.
The great thing about these policies is that even though the market influences the interest accumulated, the policy is not directly tied to the market so any dips will not negatively affect your cash value.
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What are the pros and cons of cash value whole life insurance?
Cash value whole life insurance policies have a lot of positive features. Let’s take a look at some of the top pros:
- Your policy has a guaranteed cash growth rate each year independent of market performance.
- You can borrow money from your policy without the obligation to pay it back.
- You can surrender your policy, or cash out, and be paid the cash value of your whole life insurance policy.
- Your cash value grows tax-deferred so it grows faster.
- Death benefits to heirs are typically tax-free.
- American United offers whole life policyholders the ability to earn life insurance dividends on their policies.
As you can see there are many good reasons to choose a cash value whole life insurance policy, but there are some cons to these types of policies too:
- There are other more affordable tax-deferred cash growth/investment opportunities such as 401(k) and IRA accounts.
- Cash value whole life insurance policies are a lot more expensive than term life policies, and there could be associated management or surrender fees with these policies.
- You can borrow from your policy, but this also reduces the benefits for your heirs. It is important to know that you will be reducing the accrued interest on the money borrowed as well.
- The cash value of your policy can be affected by other factors out of your control including mortality rates in your locality.
There are a lot of good reasons to be both excited and wary about cash value whole life insurance policies. You need to determine if the costs of these policies are worth it for you.
What is the financial strength of American United Life Insurance Company?
American United Life Insurance Company has the highest possible financial strength rating from independent reviewer A.M. Best. The rating for this company is an A +, which means the financial health of the company is superior.
Why should you care about the financial health of your life insurance company? Companies with high financial ratings are more likely to be able to pay out benefits in a timely manner. Some companies with low financial ratings may not be able to pay benefits at all.
It is very important to check on the financial strength of your insurer before you choose to do business with them.
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American United Insurance Overview
When considering American United Life Insurance, it’s helpful to review various sources for a well-rounded view.
America First insurance reviews provide insights into customer experiences and overall satisfaction with their policies. Meanwhile, American One life insurance is a different provider with its own set of offerings.
For information on American United insurance, which encompasses various services under the American United Life Insurance Company, you might also explore American United Mutual Insurance Holding Company for broader insurance services and American United Retirement options. Each of these entities contributes to a comprehensive understanding of insurance solutions available through American United and its associated companies.
First United American Life Insurance: What You Need to Know
When researching First United American Life Insurance, it’s important to review all available information to make an informed decision. First United American Life Insurance Company provides various life insurance products, and understanding customer feedback can be crucial.
Look into Complaints about First United American Life Insurance Company to gauge any recurring issues or concerns from policyholders. Additionally, Reviews of First United American Life Insurance Company and Reviews of First United American Life Insurance can offer insights into the overall customer experience. For broader context, consider First United Life Insurance Company as part of your research to compare with other insurance providers.
United Insurance Company of America: Key Information
When considering life insurance options, United Insurance Company of America offers a variety of products and services. For detailed information, you can visit the United Insurance Company of America website to explore their offerings and obtain United Insurance quotes.
It’s important to review the United Insurance Company rating and United Insurance rating to gauge the financial stability and reliability of the insurer. Additionally, checking United Insurance reviews and United Insurance Company of America reviews can provide insights into customer experiences.
For a broader context, United Insurance Group encompasses several related entities, and United Insurance of America Life Insurance is part of this network. Reviewing these resources will help you make an informed decision about your life insurance needs.
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American United Life Insurance Company Review: What’s the Bottom Line?
This company has only a couple of life insurance options: term and cash value whole life. However, the services offered are high-quality and can be completely customized to meet your needs.
If you’re not able to afford whole life insurance at this point in time, American United will allow you to convert your term policy to a whole life policy down the road.
Ready to buy life insurance? Enter your ZIP code below to compare life insurance rates from the top companies in your area.
Frequently Asked Questions
What insurance does American United offer?
American United offers term and whole insurance.
Is term insurance right for me?
Term insurance provides affordable coverage for a specific term, suitable for income protection and loan coverage.
Why consider whole insurance?
Whole insurance provides lifelong coverage and grows a cash value over time.
Pros and cons of cash value whole insurance?
- Pros: Lifelong coverage, cash value growth, and borrowing options.
- Cons: Higher premiums and potentially lower returns compared to other investments.
What is American United’s financial strength?
American United has an A+ rating from A.M. Best, indicating superior financial health.
What is United American Insurance?
United American Insurance provides a range of insurance products, including life and health insurance, focusing on offering coverage to meet various financial and health needs.
Who owns American United Life Insurance?
American United Life Insurance is owned by OneAmerica Financial Partners, Inc., which also oversees its related companies and services.
Who owns United American Insurance Company?
United American Insurance Company is owned by Globe Life Inc., a major insurance provider offering a variety of life and supplemental health insurance products.
Who owns United Family Life Insurance Company?
United Family Life Insurance Company is owned by the United Insurance Group, which is part of the larger family of insurance companies under its umbrella.
Who took over United Family Life Insurance Company?
United Family Life Insurance Company was taken over by the United Insurance Group, which integrates it into its broader portfolio of insurance products.
Who founded United Insurance Company?
United Insurance Company was founded by a group of investors aiming to provide affordable and accessible insurance coverage to individuals and families.
What is the financial rating of United Life?
United Life holds a strong financial rating, reflecting its stability and reliability in providing insurance products. Specific ratings can vary and should be checked with rating agencies like A.M. Best.
Who bought American Life Insurance?
American Life Insurance was acquired by a larger insurance conglomerate. For specific details on the acquiring company, check recent acquisition news or company press releases.
What life insurance pays you back?
Life insurance policies that pay you back include certain types of whole life insurance and return of premium term life insurance. These policies may offer cash value accumulation or return premiums if the policyholder outlives the term.
Which company is best for life insurance?
The best life insurance company depends on individual needs and preferences. Companies like Northwestern Mutual, Prudential, and MetLife are often highly rated for their comprehensive coverage options and customer service.
Who receives the death benefit from a life insurance policy?
The death benefit from a life insurance policy is paid to the beneficiaries named in the policy. These individuals or entities receive the payout upon the insured’s death.
Where is American United Life Insurance Company headquarters?
The headquarters of American United Life Insurance Company is located in Indianapolis, Indiana.
Do you get your money back at the end of a term life insurance?
No, term life insurance typically does not offer a return of premiums or cash value if the policyholder outlives the term. The coverage expires at the end of the term without a payout.
What age is best to get life insurance?
The best age to get life insurance is generally when you are young and healthy, as premiums are typically lower. Many experts recommend purchasing life insurance in your 20s or 30s.
How many years is best for life insurance?
The ideal length for a life insurance policy depends on your personal circumstances. Common term lengths include 10, 20, or 30 years. The best term length is one that aligns with your financial goals and obligations.
What is the rating of American Life Annuity?
The rating of American Life Annuity can vary based on independent rating agencies. Checking the latest ratings from agencies like A.M. Best will provide the most current information on its financial strength.
What is the number 1 life insurance company in the U.S.?
The number 1 life insurance company in the US can vary based on different criteria such as total premiums, customer satisfaction, and financial strength. Companies like Northwestern Mutual and Prudential are frequently top-rated.
Who is the CEO of United Insurance Group?
The CEO of United Insurance Group can be found on the company’s official website or through recent business news. Leadership positions can change, so it’s best to refer to current sources for the most accurate information.
What age should you buy life insurance?
It’s generally advisable to buy life insurance when you are young and in good health, often in your 20s or 30s. This helps secure lower premiums and ensures coverage when you need it most.
What’s the best type of life insurance?
The best type of life insurance depends on individual needs. Term life insurance is often preferred for affordability and temporary coverage, while whole life insurance offers lifelong coverage and cash value accumulation.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
