Seniors United Life Insurance Reviews [Honest Opinion]

Life Insurance policies offer you financial support when you don’t have savings. Since medical and funeral cost is incredibly expensive for low and medium-salary earners, these plans can help you deal with these expenditures.

These coverage plans provide you with money that your family can use to pay for your final expenses.

In fact, if you choose huge death benefits, your loved ones can use the money to pay off debts, utility bills, mortgage premiums, credit card bills, or your kids’ fees.

Although it’s important to purchase a life insurance policy, you need to pick the ones that offer you several benefits at a low price.

Also, you need to choose reliable plans that offer you guaranteed benefits. In that case, Seniors United Insurance is the best option for you.

Wondering who they are and how they can help you? Here are all the details about the company.

Read further to get an idea.

What Is Seniors United Insurance?

Seniors United Insurance is one of the most popular insurance agencies in the US. Forrest T. Jones & Company established this company in 1953.

Additionally, it manages insurance plans for several affiliated groups and national associations. Seniors United Insurance offers different types of life insurance with different death benefits and premiums.

The best part about Seniors United Insurance is that it mainly works for seniors. Therefore, the company offers plans to people between 45 and 79.

If you are looking for the oldest and most popular insurance providers, this is the best option.

Types Of Polices

Seniors United Insurance offers different types of policies that you can choose based on your preferences and needs.

Term Life Insurance

For starters, term life insurance for seniors offers you coverage for a certain time period. Hence, it has an expiration date.

The insured will not get any benefit if they die after a specified duration. However, some providers also return the money you pay in the shape of premiums.

Despite an expiration date, you can enjoy many advantages. Seniors United’s life insurance offers you all the support you want to live a happy and peaceful life.

Here are some benefits of term life insurance.

Long Term

Seniors United offers you different terms based on your needs.

The maximum term you can get is 30 years, which is hard to find in other policies.

Excellent Death Benefit

Of course, the death benefit is your main concern, and you might be looking for a reasonable sum of money.

Seniors United’s term insurance gives you an opportunity to support your family when you are not around. This is because your family will get an excellent cash amount that they can use for several purposes.

Whole Life Insurance

As the name suggests, this type of insurance offers coverage for your entire life. Seniors United helps you support your family when you are not around.

Your family will get the money no matter when you die. This gives you peace of mind, as your family will not have to take on loans to pay for your funeral expenses and medical cost.

The company offers three sub-categories: universal, traditional, and variable. You can choose the policy based on how much premium you can pay and the amount of death benefit you need.

Death Benefit

You can avail the death benefits from $2,000 to $25,000, which is enough to pay for your last expenses.

But the death benefit you can get greatly depends on the premiums you pay.

No Expiration Date

People as old as 120 years can purchase whole life insurance. They will get all the benefits they want at an affordable price.

Benefits Of Purchasing Life Insurance From Seniors United Insurance

When there are so many insurance providers in the market, why do you need to contact Seniors United Insurance to purchase a plan?

Well, Seniors United is a reliable company that sells the best policies.

There are several other benefits that might encourage you to purchase their policies, including:

Medical Checkup

You don’t need to go through extensive, complex, and time-consuming medical checkups. The company offers you many policies that only require you to answer some simple questions.

Other policies may need simple health checkups and tests to ensure your health. Whatever the requirements, they are simple and achievable.

Simple Method

We all run away from challenging forms that insurers ask us to fill. However, Seniors United only requires basic details to provide you with a quote.

It includes zip code, age, birthday, and of course, your name. Not only this, but you can fill out the form on their website and don’t have to visit the office.

Affordable Premiums

Based on the insurance you are planning to purchase, you can get affordable premiums.

In some cases, the premiums are also steady so that you never have to pay out of pocket.

Higher Death Benefits

You can find policies with a death benefit of up to 25,000. This money can offer support to your loved ones when you are no longer with them.

As it’s a huge number, your family can pay off debts, medical expenses, and other expenditures along with funeral costs.

High Age Limits

Seniors United offers insurance policies to people between 45 and 80.

This is why older adults can easily find plans that offer them great benefits.

However, if you are older than this, nothing to worry about as life insurance for seniors over 80 is also affordable and available widely.

Drawbacks Of Seniors United Insurance

Although Seniors United Insurance is ideal for most people, there are some drawbacks that might prevent many people from purchasing its plans.

Here are some disadvantages.

Long Waiting Period

Seniors United Insurance’s whole life insurance policy has a waiting period.

This means if you die before the waiting period, your family will not receive any money. The waiting period is two years after you purchase the insurance.

In the meantime, you will have to pay the premiums. But your loved ones will receive the money you have paid as premiums on your death.

Less Accidental Rider Benefits

Some policies don’t come with the accidental death rider for different causes of death.

This includes suicides, air travel, disease, accidental bodily injury, and injury while serving in the armed forces. In these cases, your beneficiaries will not get the money.

What Are The Prices Of Seniors United Life Insurance?

Well, it’s hard to give you a specific cost for each insurance policy, but you can expect to pay around $60 per month for a policy of $15,000.

Also, you have to pay approximately $100 for a $20,000 death benefit, while for a $25,000 death benefit, you need to pay around $135 per month.

If you are planning to purchase a policy with accidental riders, you have to pay an additional $7.50 per month. Fortunately, these are affordable rates that you can hardly find with other companies.

If you want to get exact rates, you can get a quote. For this, you can check their website and fill out the form.

You need to give general information like your name, DOB, address, and gender. The company will provide you with a quote that will include monthly premiums and the death benefit you will get.

There are no fees for requesting a quote. So, if you don’t want to purchase the policy, you can simply close the website.

On the other hand, if you have some concerns, you can contact the company and discuss your problems with their experts on the phone.

What If I Want To Increase My Coverage?

If you want more coverage than what’s offered by the company, you can discuss it with the professionals.

Keep in mind that the more coverage you need, the higher premiums you have to pay.

So, it’s important to consider several factors before deciding your death benefit amount, such as:

• What is the cost of the casket, organizing the funeral, funeral flowers, and other burial expenses?
• Do you have to pay debts?
• Do you have to pay the remaining mortgages premiums?
• Is there any family income source that your family members can use after your death?
• Can you afford higher premiums?
• How will you pay for the premiums throughout the term?

Once you answer all these questions, you will get an idea of how much money you can pay monthly and how much death benefit you need.

Bottom Line

Seniors United Insurance’s life insurances offer you great advantages. The company offers you affordable plans with amazing death benefits.

Most importantly, the company works exclusively for seniors so that you don’t have to worry about your family and live a happy and carefree life.

Just make sure to choose the right insurance plan that can meet your requirements and needs.

Think about your budget and how much you will be able to pay as monthly premiums in the future.

You also need to consider the expenses your family will have to afford, such as your funeral expenses and medical costs.