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.
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.
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
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
Personalized Coverage
Everyone plans for their financial future differently, which is why United Life offers you many ways to personalize your term life policy with some of our most popular riders.
- Waiver of Premium: This rider waives premium payments should you become disabled between the ages of 18 and 65, and continues to waive payments throughout the timeframe of the disability, up through age 65.
- Disability Income: This popular rider provides monthly income payments when you are disabled, up to 60 percent of your monthly income, with benefits up to a monthly maximum of $2,500 to help with bills when you can’t work. Use our calculator — What are My Chances of Becoming Disabled — to help determine your chances of becoming disabled.
- Other Insured: If you would like to add another person to be covered under your policy, such as a spouse or business partner, you may do so by purchasing our Other Insured rider.
How much do you need?
Planning for the future can be tricky, unless, of course, you have a crystal ball. Our life insurance calculator can help plan your family’s financial future, estimating the amount of life insurance needed for your family. Start planning for your future by using our Life Insurance Calculator today.
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.
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
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
Personalized Coverage
**the guaranteed minimum interest rate is 3.00 percent
Personalized Coverage
lanning for retirement is different for each individual and family. That’s why United Life offers a variety of riders that can be purchased and added to your policy. Some of our most popular riders include:
- Guaranteed No-Lapse: By purchasing this popular rider, you must pay the stated ongoingGuaranteed No-Lapse premiums. By doing so, the coverage is guaranteed not to lapse, even if the cash value interest rate goes down over the years.
- Qualified Care Accelerated Death Benefit: When an insured is receiving qualified care and cannot perform at least two Activities of Daily Living*, a monthly benefit will be paid out of either:
- 2 percent of the total rider benefit when confined to a nursing home or assisted living facility, or
- 1 percent of the total rider benefit when attending adult daycare.
If the benefit is never exercised, the full living and death benefits of the life insurance remain.*Activities of Daily Living (ADLs) include basic personal activities, such as bathing, eating, dressing, mobility, transferring from bed to chair, and using the toilet. ADLs are used to measure how dependent a person may be on requiring assistance in performing any or all of these activities. - Children’s Insurance: With this rider, your children can be covered for up to $10,000 each for one rider price. Natural-born or adopted children, up to age 18, can be covered with the rider, including the addition of future children. When each child reaches age 25, they convert to their own plan, up to five times the death benefit, without having to prove insurability.
- Other Insured: If you would like to add another person to be covered under your policy, such as a spouse or business partner, you may do so by purchasing our Other Insuredrider
How much do you need?
Planning for the future can be tricky, unless, of course, you have a crystal ball. Our life insurance calculator can help plan your family’s financial future, estimating the amount of life insurance needed for your family. Start planning for your future by using our Life Insurance Calculator today.
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
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
Personalized Coverage
It is important that your policy is just right for you and your family. Our riders help you enhance your coverage.
- Guaranteed Insurability Option: By purchasing this rider, you are guaranteed the right to purchase additional amounts of insurance at future ages without evidence of insurability. The purchase options are available beginning at age 25 and every three years through age 40.
- Disability Income: This popular rider provides monthly income payments when you are disabled, up to 60 percent of your monthly income, with benefits up to a monthly maximum of $2,500 to help with bills when you can’t work. Use our calculator — What are My Chances of Becoming Disabled — to help determine your chances of becoming disable.
- Qualified Care Accelerated Death Benefit for Single Premium Whole Life Policies:When an insured is receiving qualified care and cannot perform at least two Activities of Daily Living*, a monthly benefit will be paid out of either:
- 2 percent of the total rider benefit when confined to a nursing home or assisted living facility, or
- 1 percent of the total rider benefit when attending adult daycare.
If the benefit is never exercised, the full living and death benefits of the life insurance remain.*Activities of Daily Living (ADLs) include basic personal activities, such as bathing, eating, dressing, mobility, transferring from bed to chair, and using the toilet. ADLs are used to measure how dependent a person may be on requiring assistance in performing any or all of these activities.
How much do you need?
Planning for the future can be tricky, unless, of course, you have a crystal ball. Our life insurance calculator can help plan your family’s financial future, estimating the amount of life insurance needed for your family. Start planning for your future by using our Life Insurance Calculator today.
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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