Life Insurance
United Life Insurance Company offers you life insurance products that will give you the peace of mind you need so you can keep living your life. When you purchase life insurance you are securing your family’s financial future, especially if the unexpected were to happen and you were no longer here to provide for them. Life insurance can provide money directly to your family and beneficiaries. You can’t put a price tag on peace of mind.
To learn more about the life insurance products provided by United Life Insurance Company, click on the additional resources below. Or, contact one of our independent insurance agents today to customize the coverage you need to protect your family’s future.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
Annuities
Planning for retirement is something everyone should do. As you plan, you may want to consider an annuity. An annuity offers protection against the risk of outliving one’s financial resources. It provides a series of future, periodic payments in exchange for an initial premium, or series of premiums. The growth is not taxed until you start receiving payments.
We offer the following annuities:
- Single Premium Deferred Annuity (SPDA): A Single Premium Deferred Annuity is purchased with a single premium that is allowed to accumulate with interest on a tax-deferred basis.
- Flexible Premium Deferred Annuity (FPDA): A Flexible Premium Deferred Annuity allows one to determine when and how much to contribute to the annuity.
- Single Premium Income Annuity (SPIA): A Single Premium Income Annuity is purchased with a single premium and provides periodic payments for a certain length of time (such as a number of years or for life). A cost of living increase option can be added, as well as structuring additional lump-sum payments.
There can also be some tax advantages to purchasing an annuity. Learn more by using our annuity calculator.
Please visit with one of our independent life insurance agents to help decide if an annuity is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
Term Life Insurance
Providing for your family and planning for the future are just part of “growing up.” Term life insurance can help you do both. It is simple…term life provides life insurance protection for a specified length of time. It ensures that, in the untimely death of the policyholder during the coverage period, there will be money to pay for their family’s major expenses, such as their home and children’s college education.
Basic Coverage
Personalized Coverage
How much do you need?
Term life insurance is an economical choice for your short-term needs. In exchange for a stated rate that is paid over a limited time, United Life will provide coverage for a specific amount of time. This coverage is sold in coverage terms of one, five, 10 or 20 years.
Benefits
- Low, initial premium costs
- Plan can be customized with riders (Click the Personalized Coverage section above to learn more or contact your independent life insurance agent.)
- Can be converted to permanent life insurance
Limitations
- Premiums increase after the guaranteed term period is over
- Can be expensive to maintain in the long run
- No cash value and no flexibility
Please visit with one of our independent agents to help you decide if a term life insurance plan is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
Universal Life Insurance
Considered to be the "hybrid" product in the life insurance industry, universal life can be customized to fit your needs and budget. It is permanent life insurance with built-in flexibility, allowing you to adjust the policy as your needs change. You can even cover your entire family under one permanent policy.
Basic Coverage
Personalized Coverage
How much do you need?
Universal life insurance is an economical alternative that offers both flexibility and guarantees. It is a flexible life insurance plan in which payments are placed into an account and monthly policy expenses are removed from the account while the remainder continues to earn interest.
Benefits
- Flexible benefits and premiums*
- Tax-deferred cash value growth earning a current stated interest rate
- Plan can be customized with riders (Click the Personalized Coverage section above to learn more or contact your independent life insurance agent.)
Limitations
- Interest rate could drop, leading to less cash value growth**
- If not funded properly, the coverage can lapse
*death benefit increases are subject to underwriting and premiums are subject to minimum requirements
**the guaranteed minimum interest rate is 3.00 percent
**the guaranteed minimum interest rate is 3.00 percent
Please visit with one of our independent agents to help you decide if a universal life insurance plan is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
Whole Life Insurance
Whole life insurance provides individuals and their family members financial peace of mind if the unexpected were to happen. It is a permanent, stable and dependable product with no surprises. In fact, our Single Premium Whole Life plan is one of our most popular life insurance products. Whole life is perfect for final expense plans, children’s policies, a tax-free wealth transfer, or to leave a charitable gift.
Basic Coverage
Personalized Coverage
How much do you need?
Whole life insurance provides lifetime protection for your permanent needs at a level premium. Depending on the policy you choose, premiums can be paid throughout a lifetime, over a 20-, 10-, or 5-year period, or with a single premium. Whole Life Insurance also accumulates a guaranteed cash value, providing you with protection and savings.
Benefits
- Tax-deferred cash value growth
- Guaranteed premiums
- Plan can be customized with riders (Click the Personalized Coverage section above to learn more or contact your independent life insurance agent.)
Limitations
- No flexibility
- More expensive type of life insurance
Please visit with one of our independent agents to help you decide if a whole life insurance plan is right for you and your family.
Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.
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Lewis Insurance
2525 S. Lamar Ste 11
Austin, TX
78704
2525 S. Lamar Ste 11
Austin, TX
78704
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