Unum Life Insurance Review

Where does Unum Life Insurance do business?

Unum Life Insurance is an insurance carrier based in Chattanooga, TN. The company was founded in 1848 and offers life insurance in 50 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.

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

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

Here is a brief description of the coverage Unum Life Insurance offers.

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

• Group Life Insurance - Unum Life Insurance offers some of its policies as a group benefit to employees who meet certain eligibility requirements, such as having worked for a month in the company. Typically, these 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 policies offer a cash death benefit to the beneficiary. All coverage applications are approved regardless of health concerns. The catch is these policies usually have lower death benefits and higher than normal premiums.

How can you save money on a Unum Life Insurance life insurance policy?

When you ask for a quote with Unum Life Insurance, ask what policy discounts are available.

What is the financial strength rating of Unum Life Insurance?

Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.

There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

Unum Life Insurance scores an A or excellent, which is SuperMoney's second highest available score.