Alyssa Lane
UnitedHealthcare offers a range of insurance plans, including health insurance, life insurance, and specialty benefits. Their life insurance plans include term life insurance and whole life insurance. Term life insurance is purchased for a set number of years and pays a lump sum to beneficiaries upon the policyholder's death. Whole life insurance, on the other hand, offers coverage for life and includes living benefits and savings components. UnitedHealthcare's term life insurance plans are underwritten by Golden Rule Insurance Company and include the option to add critical illness coverage. This additional benefit provides a cash payout upon diagnosis of a qualifying illness, such as life-threatening cancer or major organ transplant. UnitedHealthcare's specialty benefits include individual life insurance available through worksite marketing, accidental death and dismemberment coverage, and financial protection plans. The company also offers short-term care insurance through United National Life, which helps cover the costs of home healthcare services.
| Characteristics | Values |
|---|---|
| Company Name | UnitedHealthcare |
| Product | Term Life Insurance |
| Underwritten By | Golden Rule Insurance Company |
| Product Type | Term Life Insurance |
| Product Description | A life insurance policy that pays cash benefits to beneficiaries in the event of the policyholder's death |
| Coverage Period | 10 or 20 years |
| Lump-Sum Benefit | Paid upon death within the coverage period |
| Medical Exam Required | No |
| Maximum Coverage Age | Up to age 75 |
| Optional Coverage | Critical Illness Benefit, including life-threatening cancer, loss of hearing/speech/vision, major organ transplant, coronary artery bypass graft |
| Customer Support | Access to grief counseling, financial and legal assistance, referrals to licensed clinicians and attorneys |
| Financial Strength | A+ rating by Standard and Poor's |
| Funding Options | Fully insured, employer-paid, or employee-paid |
| Plan Design | Flexible with multiple terms and benefit levels |
What You'll Learn
UnitedHealthcare offers term life insurance plans
UnitedHealthcare's term life insurance plans also offer additional benefits, such as critical illness coverage, which provides a cash benefit if you are diagnosed with a qualifying illness. This can include life-threatening cancer, loss of hearing, speech, or vision, major organ transplant, or coronary artery bypass graft. The benefit amount received from the critical illness coverage will be subtracted from your term life insurance policy benefit.
UnitedHealthcare's term life insurance plans are available in 10- or 20-year time periods, with the longer policies typically resulting in higher life insurance quotes. The plans offer flexibility, with no medical exam required, multiple terms and benefit levels to choose from, and coverage available until age 75.
In addition to term life insurance, UnitedHealthcare also offers other specialty benefits, such as accidental death and dismemberment coverage, and individual life insurance available through worksite marketing. UnitedHealthcare's specialty benefits are designed to provide financial protection and improve overall health and savings.
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Term life insurance is underwritten by Golden Rule Insurance Company
UnitedHealthcare offers a range of insurance products, including life insurance. Term life insurance is one of the products offered by UnitedHealthcare and it is underwritten by the Golden Rule Insurance Company.
Golden Rule Insurance Company is part of the UnitedHealthcare family of companies and underwrites many of UnitedHealthcare's insurance plans. UnitedHealthcare is a subsidiary of United Health Group Inc, which operates in all 50 states.
Term life insurance is a policy that pays cash benefits to your loved ones in the event of your death. Term life insurance policies from the Golden Rule Insurance Company feature an optional Critical Illness Benefit, which pays cash benefits upon the diagnosis of a qualifying illness. This includes life-threatening cancer, loss of hearing, speech, or vision, major organ transplants, and coronary artery bypass grafts.
The benefits of term life insurance include a lump-sum benefit paid to beneficiaries upon the policyholder's death, no medical exam requirement, multiple terms and benefit levels to choose from, and coverage available until the age of 75. After the initial term, coverage can be continued annually up to age 75, although the premium rate will increase.
UnitedHealthcare's term life insurance plans are sold in 10- or 20-year periods, with longer policies typically resulting in higher insurance quotes. These plans are a more budget-friendly option compared to whole life insurance and are beneficial for those with timely events, such as raising children or paying off a mortgage.
In summary, term life insurance underwritten by the Golden Rule Insurance Company can provide financial security for families in the event of the policyholder's death, offering peace of mind and essential financial support.
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Term life insurance pays beneficiaries a lump sum
UnitedHealthcare offers term life insurance plans underwritten by Golden Rule Insurance Company. Term life insurance is a life insurance policy that pays cash benefits to beneficiaries in the event of the policyholder's death.
In addition to the lump sum, term life insurance policies from Golden Rule Insurance Company also feature an optional Critical Illness Benefit that pays cash benefits upon the diagnosis of a qualifying illness. This benefit can be added to your term life coverage, and you will receive a cash benefit if you are diagnosed with a qualifying illness. The benefit amount received will be subtracted from your term life insurance policy benefit.
UnitedHealthcare's term life insurance plans are sold in 10- or 20-year periods. The longer the policy, the higher the life insurance quotes are likely to be.
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Critical Illness Benefit can be added to term life insurance
UnitedHealthcare offers term life insurance plans that can be bolstered with an optional Critical Illness Benefit. This benefit pays out a cash sum to the policyholder upon diagnosis of a qualifying illness. This money can be used to cover medical costs, such as hospitalisation, ambulance expenses, and medicine costs, as well as other costs such as rent or childcare.
The Critical Illness Benefit can be added to term life insurance plans underwritten by Golden Rule Insurance Company, a UnitedHealthcare company. This benefit is available to those who worry about an illness straining their or their family's resources.
The Critical Illness Benefit pays out upon diagnosis of the following:
- Life-threatening cancer
- Loss of hearing, speech, or vision
- Major organ transplant
- Coronary artery bypass graft
The benefit amount received will be subtracted from the term life insurance policy benefit.
Term life insurance pays designated beneficiaries a lump sum if the policyholder dies within the selected policy term. Term life insurance is not the same as whole life insurance, which has living benefits and often features savings components. Term life insurance is only active for a set number of years, whereas whole life insurance extends until the policy owner dies or reaches 100 years of age.
Who Should Consider Term Life Insurance?
Term life insurance may be a good option for those who:
- Are paying off a mortgage
- Earn the majority of the household income
- Are raising children or putting them through college
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UnitedHealthcare also offers whole life insurance plans
UnitedHealthcare offers a wide range of insurance plans, including life insurance. While the company specialises in health insurance, it also provides financial protection plans, such as life insurance, to help cover out-of-pocket costs in the case of unexpected events.
UnitedHealthcare offers term life insurance plans, underwritten by Golden Rule Insurance Company, which is a UnitedHealthcare company. Term life insurance is a policy that is bought for a set number of years, or a term, and will pay a lump sum to your designated beneficiaries if you die within that term. The beneficiaries can use the money as they wish, for example, for mortgage payments, travel costs or school fees. UnitedHealthcare offers 10- or 20-year term life insurance plans, with the option to continue coverage on a year-by-year basis up to the age of 75.
UnitedHealthcare's life insurance plans also offer additional benefits, such as critical illness coverage. This optional benefit pays a cash sum to the policyholder if they are diagnosed with a qualifying illness, such as life-threatening cancer, loss of hearing, speech or vision, major organ transplant, or coronary artery bypass graft. The critical illness benefit can be added to both term and whole life insurance plans.
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Frequently asked questions
Term life insurance is a life insurance policy that pays cash benefits to your loved ones in the event of your death. Term life insurance policies also feature an optional Critical Illness Benefit that pays cash benefits upon diagnosis of a qualifying illness.
Term life insurance pays designated beneficiaries a lump sum if you die within the selected policy term. If you choose to add a Critical Illness Benefit to your policy and are diagnosed with a qualifying illness, you’ll receive a cash benefit according to the terms of your policy.
Term life insurance policies are only active for a set number of years, making them more affordable. Whole life insurance plans, on the other hand, offer coverage for life and often include savings components that build up over time.
