Unity Financial Life Insurance Company: Customer Ratings & Reviews [2024]

Unity Financial Life Insurance Company, located in Cincinnati, is a small company with 22 total employees across all of its locations. Though this small company generates more than $61 million in sales per year. Unity Financial specializes in preneed coverage. These types of policies are normally purchased through the desired funeral home. The plan is designed to cover the specific-to-you costs that funeral homes charges for your funeral. Remember that costs will vary depending on the funeral home. When compared to standard after-death coverage like final expense life insurance, it leaves your loved ones with some stability.

UPDATED: Mar 9, 2024Fact Checked

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

Tim Bain

Licensed Insurance Agent

Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance.  His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada. 

Licensed Insurance Agent

UPDATED: Mar 9, 2024

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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Mar 9, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Mar 9, 2024Fact Checked
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Unity Financial Life Insurance Company

Average monthly rate for healthy individuals:

N/A

A.M. Best rating:

B+

Complaint level:

Low

Pros

  • Specializes in preneed coverage for funeral expenses.
  • Offers unique pre-funeral insurance policies that allow you to plan and pay for your funeral ahead of time.
  • Rated B+ (Good) by AM Best and considered a growing and profitable presence in its niche market.

Cons

  • Limited focus on preneed coverage, may not be suitable for individuals seeking other types of life insurance.
  • Availability of coverage and specific policy details may vary depending on the funeral home and location.
  • Limited customer reviews and feedback available to assess the overall customer satisfaction and experience.

Final Verdict: Review of Unity Financial Life Insurance Company

The Unity Financial Life Insurance Company is an accessible “simple solution” to funding a funeral, or so it calls itself. Planning your funeral doesn’t need to cost you thousands of dollars, and you don’t need to leave it up to your family to decide what will happen to you. With Unity Financial, you can plan and pay for your funeral ahead of time — a unique offering compared to other life insurance options.

Unity Financial was founded in 1964 in Cincinnati, Ohio. Unity Financial life insurance and annuities are offered to families seeking to fund funerals ahead of time or assist in Medicaid eligibility. The Unity Financial Life Insurance Company is a life insurance company that is regulated by the Ohio Department of Insurance. It has assets of $125,000,000, capital of $10,000,000, and net surplus of $10,000,000.

Before you buy life insurance, make sure to shop around for the best rates.

If we’ve already piqued your interest, enter in your ZIP code now to start comparing affordable life insurance rates in your area.

The Unity Financial Life Insurance Company is an accessible "simple solution" to funding a funeral, or so it calls itself. Planning your funeral doesn't need to cost you thousands of dollars, and you don't need to leave it up to your family to decide what will happen to you. With Unity Financial, you can plan and pay for your funeral ahead of time — a unique offering compared to other life insurance options. Unity Financial was founded in 1964 in Cincinnati, Ohio. Unity Financial life insurance and annuities are offered to families seeking to fund funerals ahead of time or assist in Medicaid eligibility. The Unity Financial Life Insurance Company is a life insurance company that is regulated by the Ohio Department of Insurance. It has assets of $125,000,000, capital of $10,000,000, and net surplus of $10,000,000. Before you buy life insurance, make sure to shop around for the best rates. If we've already piqued your interest, enter in your ZIP code now to start comparing affordable life insurance rates in your area.

What You Should Know About Unity Financial Life Insurance Company

The president of Unity Financial Life Insurance Company is Thomas Cresson Hardy. Unity Financial Life Insurance Company insurance plans include life.

Unity Financial Life Insurance Company is located in Cincinnati, Ohio. The Unity Financial Life Insurance Company phone number for claims customer, service, and additional information is (513) 247-0711. Your agent can help you complete the Unity Financial Life Insurance Company claim form.

You can use your Unity Life Insurance login to pay your premium online or check out other Unity financial services.

What are the customers saying?

Below you can find actual customer reviews and complaints. As this is meant to help people make informed decisions, existing Unity Financial Life customers are encouraged to leave a comment.

What other ratings does Unity Financial Life Insurance have?

AM Best rated the financial strength of Unity Financial a B+ (Good) grade and an issuer credit rating of “bbb-.”

The rating company found that Unity Financial was a growing a profitable presence in its niche market.

Get Unity Financial Insurance Quotes

Think you’re ready to start your journey with this unique company? The motto at Unity Financial is “Simple Solutions, Demonstrated Strength, Exceptional Value.” It claims to be a company that tries to do well for its community, having donated annually to the Funeral Service Foundation.

If this sounds like the plan for you, dial the number listed above to start speaking with an agent.

If you’re looking for life insurance quotes from top life insurance companies to find the very best insurance plan for your needs, enter your ZIP code in for free insurance quotes now.

Unity Financial Life Insurance Company Insurance Coverage Options

Though technically a life insurance company, Unity Financial specializes in pre-funeral costs. They call it a “preneed” insurance policy. (For more information, read our “Pre-Need Life Insurance: What It is and How it Works“).

Preneed insurance is sold alongside funeral arrangements when you make them before dying. There are cases where funeral directors will sell this type of insurance. This type of insurance is beneficial as it keeps up with inflation and gives customers peace of mind.

What is the difference between preneed and final expense insurance?

Preneed coverage and final expense life insurance are two sides of the same coin. While final expense is purchased with a specific insurance company, a specific funeral home offers preneed funeral coverage. Though, that is where Unity Financial is special in offering it outside of operating a funeral home.

Where life insurance beneficiaries receive a policy’s payout, the preneed route is priced and pay ahead of the funeral. Beneficiaries can use the funds in different ways laid out specific to the life insurance policy and by the policyholder. Some utilizing preneed funeral coverage has planned how their money is spent.

To start giving you ideas of what that could mean for your bank, see the list below the pros and cons of standard life insurance policies.

Pros & Cons of Term Life Insurance
ProsCons
Affordable and simple coverage for most families
If the policy runs out and you die before you get a new one, you will lose your coverage.
Good sized death benefit during the policy
No ability to earn cash value
Sometimes option to renew at a slightly increasing rateAfter a certain age, once your policy runs out you have no option for future coverage

See how this way of ensuring your funeral has worked out for others.

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Unity Financial Life Insurance Company Insurance Rates Breakdown

Driver ProfileUnity Financial Life InsuranceNational Average
Clean Record$95$119
1+ Ticket$133$147
1+ Accident$195$173
DUI$238$209
Poor Credit$163$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

Unity Financial Life Insurance Company Discounts Available

DiscountsUnity Financial Life Insurance
Anti Theft19%
Good Student24%
Low Mileage19%
Paperless10%
Safe Driver27%
Senior Driver18%

Unity Financial Life Insurance Company focuses on providing preneed coverage, offering a unique solution for individuals looking to plan and fund their funerals in advance. While explicit discounts may not be mentioned, there are potential cost-saving benefits associated with preneed coverage. Consider the following:

  • Early Planning Discount: Take advantage of reduced premiums by planning and securing your preneed coverage well in advance. Early planning not only provides peace of mind but may also offer financial advantages.
  • Inflation Protection: Unity Financial’s preneed coverage is designed to cover specific-to-you costs that funeral homes charge. By locking in rates early, policyholders can protect against the impact of inflation on funeral expenses.
  • Customized Coverage Options: Tailor your preneed insurance policy to suit your specific needs. Unity Financial aims to provide “Simple Solutions, Demonstrated Strength, Exceptional Value,” allowing you to choose coverage options that align with your preferences and budget.
  • Community Involvement Benefits: Unity Financial emphasizes community support, having donated annually to the Funeral Service Foundation. Choosing a company with a commitment to community values can be a rewarding experience.

It’s important to consult with a Unity Financial agent to explore available discounts and ensure that your preneed coverage meets your unique requirements.

Read more: Average Cost of Funerals: Planning for Final Arrangements

How Unity Financial Life Insurance Company Ranks Among Providers

In the competitive landscape of life insurance, Unity Financial Life Insurance Company faces notable rivals, each with its own strengths and offerings. Let’s delve into the key players:

  • Prudential Life Insurance: Prudential stands out as a well-established player known for its extensive array of life insurance products. Beyond preneed coverage, Prudential excels in providing diverse options such as term life and whole life insurance. Renowned for its competitive rates and a customer base reflecting diversity, Prudential holds a prominent position in the life insurance sector.
  • MetLife: A heavyweight in the insurance and financial services realm, MetLife offers comprehensive life insurance solutions. Although not exclusively centered on funeral insurance, MetLife addresses a broad spectrum of life insurance needs. Recognized for its financial strength and stability, MetLife is a formidable contender in the industry.
  • AIG Life Insurance: AIG stands as a robust competitor with its range of life insurance and annuity products, presenting the potential for more comprehensive coverage. Known for financial stability, AIG targets a diverse audience through various insurance offerings. Its strong standing in the market positions AIG as a competitive force in the life insurance landscape.

As for Unity Financial Life Insurance Company, while it distinguishes itself as a niche player specializing in preneed coverage, its standing in comparison to these industry giants hinges on the unique needs and preferences of individuals. Unity Financial’s commitment to simplicity and proactive funeral planning contributes to its distinct identity within the competitive life insurance market.

Effortless Claims With Unity Financial Life Insurance: Streamlined Processes and Customer Satisfaction

Unity Financial Life Insurance Company strives to make the claims process as straightforward as possible for its policyholders. Here’s an overview of the claims process:

Ease of Filing a Claim

For seamless claims processing, Unity Financial offers multiple convenient channels. Policyholders can utilize the user-friendly online claims submission portal on the official website, providing a quick and accessible way to file claims. Alternatively, personalized assistance is available by contacting Unity Financial’s claims customer service over the phone at (513) 247-0711. Additionally, individuals can explore potential features within the mobile app to further facilitate the claims reporting process.

Average Claim Processing Time

Unity Financial understands the importance of a timely claims process during challenging times. While specific processing times may vary, the company is committed to efficiently handling claims to provide prompt resolutions.

Customer Feedback on Claim Resolutions and Payouts

Assessing customer feedback is crucial in understanding the overall satisfaction with claim resolutions and payouts. Unity Financial encourages policyholders to share their experiences, ensuring continuous improvement. Keep an eye on customer reviews and testimonials to gauge the company’s performance in this regard.

Effortless Claims and Cutting-Edge Digital Features: Unlocking Unity Financial’s Seamless Insurance Experience

Unity Financial Life Insurance Company embraces digital and technological features to enhance the overall customer experience. Explore the company’s digital offerings:

Mobile App Features and Functionality

Explore Unity Financial’s mobile app, designed to provide policyholders with convenient access to their accounts. Look for features such as policy information to view and manage your details on the go, claims tracking to check the status and view relevant updates, and notifications to receive important alerts and messages directly through the app.

Online Account Management Capabilities

Efficiently manage your Unity Financial life insurance policy through the online account management portal. Potential features include secure online premium payments, easy updates to your personal information or beneficiaries, and convenient access to policy documents and statements online.

Digital Tools and Resources

Empower yourself with various digital tools and resources offered by Unity Financial. Explore educational resources to better understand your policy, use online calculators to estimate coverage needs and premiums, and find quick answers to common queries through the online support center.

 

Frequently Asked Questions

What does Unity Financial specialize in?

Unity Financial specializes in preneed coverage. These types of policies are normally purchased through the desired funeral home. The plan is designed to cover the specific-to-you costs that funeral homes charges for your funeral.

Is Unity Financial Life Insurance Company a good choice?

Unity Financial Life Insurance Company has a B+ (Good) rating from AM Best and is a growing and profitable presence in its niche market.

What is preneed insurance?

Preneed insurance is sold alongside funeral arrangements when you make them before dying. It is a type of insurance that covers specific-to-you costs that funeral homes charges for your funeral. Beneficiaries can use the funds in different ways laid out specific to the life insurance policy and by the policyholder.

What is the difference between preneed and final expense insurance?

Final expense life insurance is purchased with a specific insurance company, while a specific funeral home offers preneed funeral coverage. Beneficiaries receive a policy’s payout with final expense insurance, while the preneed route is priced and paid ahead of the funeral.

What are the assets of Unity Financial Life Insurance Company?

Unity Financial Life Insurance Company has assets of $125,000,000, capital of $10,000,000, and net surplus of $10,000,000.

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Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

Tim Bain

Licensed Insurance Agent

Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance.  His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada. 

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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