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leave their beneficiaries with fewer burdens.
Some of the main features of United American final expense insurance include:
Applying for life insurance from United American is easy. However, there is more to the life insurance coverage than an easy application process. Here is a complete overview of the policy’s features of United American final expense to help determine whether it suits your needs.
United American Final Expense Whole Life | |
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Policy Type: | Whole Life Insurance |
Death Benefit: | Level and Graded Options |
Age Availability: | 50-80 |
Coverage Amounts: | $1,000 up to $25,000 |
Contract Length: | Guaranteed for life as long as premiums are paid on time |
Policy Riders: | Accelerated Benefit Rider for Terminal Illness |
Cash Value Growth: | Guaranteed |
Medical Exam: | No medical exam required |
State Availability: | Available in all states except MT |
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United American final expense is simplified issue whole life insurance coverage. That means no medical exams are required, and coverage is designed to last a lifetime. In addition to permanent protection, you receive several guaranteed features such as cash value growth, fixed premiums, and a death benefit that will never decrease.
United American final expense insurance plans offer both a level and a graded death benefit option. A level death benefit allows beneficiaries to receive the full death benefit from the first day of coverage.
A graded death benefit pays a portion of the death benefit if death occurs within the first three years. The graded death benefit is intended for applicants with certain health conditions (generally viewed as high-risk) that may prevent them from qualifying for the level benefit plan.
United American’s graded death benefit payout works as the following:
*For accidental death during the first three policy years, the graded death benefit will be paid in full to the beneficiary.
You can apply for a United American final expense policy if you are between the ages of 50 and 80 and are a non-smoker. Tobacco users can apply between the ages of 50 and 75 years.
*A juvenile whole life insurance policy option is available for applicants between the ages of 0 and 18.
United American final expense insurance offers coverage amounts starting as low as $1,000 up to a maximum of $25,000. Spouses may also apply under one single application for coverage, even though two separate policies will be issued upon approval.
*If you reside in the state of Washington, the minimum coverage amount is $5,000.
Final expense insurance from United American includes coverage for life. The premiums are also guaranteed to stay the same throughout the life of the policy which is age 121.
Should you reach the age of 121, your policy is considered paid up, and the cash value will equal the full value of the policy’s death benefit.