Unum Life Insurance Review

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).

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 at 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.

What is the financial strength rating of Unum Life Insurance?

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

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