Unum Life Insurance Review

Unum Life Insurance is a life insurance carrier based in Chattanooga, TN. The company was founded in 1848 and offers life insurance products in 50 states (and Washington, DC).

What types of life insurance products does Unum Life Insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Unum Life Insurance offers.

As well as the basic coverage types mentioned above, Unum Life Insurance company also offers the following life insurance policies:

• Group Life Insurance - Unum Life Insurance offers some of its life insurance policies as a group benefit to employees who meet certain eligibility requirements, such as having worked for a month in the company. Typically, these term life insurance policies can only be adjusted or purchased after a qualifying life event, such as marriage or the birth of a child, or during an open enrollment period.
• Guaranteed Issue Life Insurance - These whole life insurance policies offer a cash death benefit to the beneficiary. All coverage applications are approved regardless of health concerns. The catch is that these life insurance policies usually have lower death benefits and higher than normal premiums.

What is the financial strength rating of Unum Life Insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Unum Life Insurance an A or excellent, which is SuperMoney's second highest available score for life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from insurance rating agencies.