United Heritage
UH HOME / SITE MAP / UH NEWS / CONTACT US / LEGAL / PRIVACY

   search
      
 Find Agent
 
  United Heritage Life
  Agent Opportunities
   
 
  
  Permanent Life
  Term Life
  Funeral Pre-Planning
  Final Expense
  Fixed Annuities
  Group Insurance

  
   
  Automobile
  Umbrella
  Property Coverage
  Vehicle Service
     Agreements


   
  Homeowner's Ins
  Farmowner's Ins
  Business Insurance      Policy Plus
  Home & Family
     Property




 
  United Heritage Life Insurance Company
Final Expense Products


United Heritage has a great final expense program to meet the needs of your clients. The Final Expense market is described as middle to low income, death benefit needs under $25,000, and those individuals between the ages of 45-85. Our final expense products are designed to be competitive in price, quick in underwriting, and pay a great commission as well. We have two final expense products; Protector Whole Life and Protector Graded Benefit. Both are simplified issue type products (Yes/No application-field underwritten). The PWL/PGB are non-illustrated products so you will not have to try to explain an illustration to your client.  A rate book, an application, and a prospect are all you need!

 


Here are some product specifics for our Final Expense products:

Protector Whole Life

The PWL is a non-participating whole life policy with a level death benefit. Level premiums are payable until death or age 100, whichever is first. The PWL is a simplified issue plan. This means there are no medical exams or tests. A competitive quick issue whole life, you finally found it!

Issue ages: 0-85 (based on last birthday)
Minimum Face - $1,000
Maximum Face - $25,000 through ages 65 - $15,000 ages 66-85
Policy Fee - $30
Premium modes available are Annual, Semi-annual, Monthly pre-authorized check.
Tobacco/non-tobacco rates
Riders available: Accelerated Benefit Rider (where approved), Family Term Rider, and Child's Term Rider

Protector Graded Benefit

The PGB has a graded death benefit that pays 30% of face amount if the insured dies in the first year, and 70% if the insured dies within the second year. The full face amount will be paid if death occurs after the second year. Accidental death within the first two years will constitute a death benefit equal to the full face amount. The PGB has a level premium that is payable till 100 years of age or death. There are no medical exams or tests.The PGB has a more liberal underwriting criteria than the PWL. Keep in mind that the PGB is not a guaranteed issue product. It is a great product for those individuals who need a relatively small face amount combined with those who may have had some adverse medical history which may prevent them from qualifying for our PWL product.

Issue ages: 0-85 (based on last birthday)
Minimum Face - $1,000
Maximum Face - $10,000
Policy Fee - $30
Minimum Annual Premium** is $150 ($13/month)
Premium** modes available are Annual, Semi-annual, Monthly pre-authorized check.
Smoker and non-smoker rates are the same
Riders available: Accelerated Benefit Rider (where approved), Family Term Rider, and Child's Term Rider

If you would like information about any of the Products United Heritage has to offer
Contact Us
or Locate an Agent in your area.


**Premiums ordinarily may be paid annually or on a "modal" basis; semi-annually, quarterly or monthly.* The amount of a modal premium is greater than a simple fraction of the annual premium-for example, a quarterly premium is greater than 1/4 of an annual premium. This is because a modal premium includes adjustments for such factors as additional collection costs and the fact that the Company does not receive, and have the use of, the entire premium at the beginning of the policy year.

The difference between the total modal premiums for the year and the annual premium can be expressed in the form of an Annual Percentage Rate (APR). The modal premium APR equates the additional charges for a modal payment to the interest rate on an installment loan.** For example, at the beginning of the policy year, the amount of the "loan" would be the annual premium less the first modal premium.



Copyright , United Heritage. All rights reserved.