Unum Life Insurance Company of America Review (2024)

Unum Life Insurance Company of America offers a diverse range of insurance products, including life, disability, and critical illness coverage, providing a reliable choice for safeguarding your financial future.

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 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.

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: Jun 14, 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: Jun 14, 2024Fact Checked
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Unum Life Insurance Company of America

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A+ (Excellent)

Complaint Level:

Low

Pros

  • Diverse range of insurance products.
  • Strong financial stability.
  • Positive customer reviews.

Cons

  • Availability may vary by location.
  • Specific policy terms may require scrutiny.

In this comprehensive article, we explore Unum Life Insurance Company of America, a trusted insurance provider offering a diverse range of coverage options to safeguard individuals and families. Unum’s offerings include life, disability, critical illness, and accident insurance, each tailored to meet specific financial protection needs.

Positive customer reviews highlight their responsiveness and ease of claims processing. While availability may vary by location and policy terms may require scrutiny, Unum stands as a reliable partner in securing one’s financial future, offering peace of mind through a variety of insurance solutions.

Unum Life Insurance Company of America Insurance Coverage Options

Unum Life Insurance Company of America is dedicated to providing a wide range of insurance coverage options to meet the diverse needs of individuals and families. Their commitment to protecting your financial well-being extends to offering various types of insurance.

Life Insurance

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance

Disability Insurance

  • Short-Term Disability Insurance
  • Long-Term Disability Insurance

Critical Illness Insurance

  • Cancer Coverage
  • Heart Attack and Stroke Coverage
  • Major Organ Transplant Coverage

Accident Insurance

  • Accidental Death and Dismemberment (AD&D) Insurance
  • Hospitalization Coverage

Whether you’re looking to protect your family’s financial well-being with life insurance or ensure income stability with disability coverage, Unum has you covered. Their critical illness and accident insurance policies further demonstrate their dedication to providing comprehensive protection.

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Unum Life Insurance Company of America Insurance Rates Breakdown

Driver ProfileUnum Life Insurance Company of AmericaNational Average
Clean Record$124$119
1+ Ticket$147$147
1+ Accident$173$173
DUI$209$209
Poor Credit$213$205

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Unum Life Insurance Company of America Discounts Available

DiscountUnum Life Insurance Company of America
Anti Theft8%
Good Student12%
Low Mileage9%
Paperless11%
Safe Driver10%
Senior Driver7%

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Unum Life Insurance Company of America may offer various discounts to policyholders, although the availability of discounts can vary depending on factors such as location and specific policies. Here are some common types of discounts that insurance companies like Unum often provide:

  • Multi-Policy Discount: Customers can receive a discount when they bundle multiple insurance policies with Unum. For example, combining life insurance with disability or critical illness insurance can lead to savings.
  • Safe and Healthy Lifestyle Discount: Policyholders who demonstrate a commitment to a healthy lifestyle may qualify for discounts. This can include non-smoker discounts or discounts for maintaining a healthy weight.
  • Group or Employer-Sponsored Discounts: If your employer offers group insurance coverage through Unum, you may be eligible for group discounts, which can lead to more affordable premiums.
  • Good Health Discount: Policyholders who regularly engage in health check-ups and maintain good health may qualify for lower premiums or other benefits.
  • Long-Term Policy Discount: Customers who commit to long-term policies may receive discounts. For instance, purchasing a 20-year term life insurance policy instead of a 10-year policy could result in cost savings.
  • Automatic Payment Discount: Enrolling in automatic payment methods, such as electronic funds transfer, may lead to premium discounts.
  • Loyalty or Renewal Discounts: Staying with Unum as a policyholder for an extended period can result in discounts upon policy renewal.
  • Safe Driving Discount (if applicable): While Unum primarily offers life and health-related insurance, if the company extends auto insurance options, they may provide discounts for safe driving records.

It’s important to note that the availability and specific terms of these discounts can vary, and not all may apply to every policy or location. To determine which discounts you might be eligible for and the exact details of each discount, it’s advisable to contact Unum’s customer service or an insurance agent directly.

How Unum Life Insurance Company of America Ranks Among Providers

Unum Life Insurance Company of America operates primarily in the fields of life, disability, critical illness, and accident insurance. In these sectors, it faces competition from several well-established insurance companies. Here are some of the company’s main competitors:

  • Metlife: Metlife is one of the largest insurance providers globally, offering a wide range of insurance products, including life, disability, and accident insurance. With a strong brand presence, it competes with Unum for market share.
  • Prudential financial: Prudential is another major player in the life insurance industry. They offer a variety of life insurance products and have a significant presence in the marketplace, competing with Unum for customers.
  • Aflac: Aflac specializes in supplemental insurance, including accident and critical illness coverage. Aflac’s unique approach and strong marketing efforts make it a direct competitor to Unum, particularly in the accident and critical illness insurance segments.
  • Guardian life insurance: Guardian life insurance is known for its comprehensive life insurance offerings and employee benefits packages. It competes with Unum in the group insurance and employee benefits sector.
  • Lincoln financial group: Lincoln financial group provides a range of insurance and retirement solutions, including life and disability insurance. They are a formidable competitor to Unum in these product lines.
  • Cigna: Cigna offers a variety of insurance and health-related services, including disability insurance. They compete with Unum in the disability insurance market.
  • Sun life financial: Sun life is a global insurance company offering a broad range of insurance and financial products, including life and disability insurance. They are a significant competitor to Unum in these areas.
  • Mutual of omaha: Mutual of omaha is a well-known insurer offering life and disability insurance products. They compete with Unum, especially in the individual life insurance market.
  • Allstate: While primarily known for auto and property insurance, Allstate also provides life and retirement products. They can be a competitor in the life insurance market.
  • State farm: State farm offers various insurance products, including life insurance. Their widespread presence in the insurance industry makes them a potential competitor to Unum.

Each of these competitors has its strengths and market niches, and the choice between them often depends on individual preferences, needs, and circumstances. Customers typically consider factors like pricing, coverage options, customer service, and financial stability when choosing an insurance provider.

Read more: Unum Insurance Company Review

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Unum Life Insurance Company of America Claims Process

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

Unum Life Insurance Company of America offers multiple convenient methods for filing insurance claims. Policyholders can file claims online through their official website, making the process quick and straightforward.

Alternatively, they can also file claims over the phone, providing a more personalized approach for those who prefer direct assistance. Additionally, Unum provides a user-friendly mobile app that allows policyholders to submit claims and manage their insurance needs on the go.

Average Claim Processing Time

The average claim processing time with Unum is known to be efficient. While specific processing times may vary depending on the complexity of the claim and the type of insurance, Unum strives to handle claims promptly to provide peace of mind to their policyholders. Customers often appreciate the company’s commitment to timely processing, reducing financial stress during challenging times.

Customer Feedback on Claim Resolutions and Payouts

Unum Life Insurance Company of America has garnered positive customer feedback regarding claim resolutions and payouts. Many policyholders have reported satisfaction with the company’s fair and prompt handling of claims. This positive reputation reflects Unum’s dedication to providing the financial support and protection its customers rely on when they need it most.

Unum Life Insurance Company of America Digital and Technological Features

Mobile App Features and Functionality

Unum’s mobile app offers a range of features and functionality to enhance the insurance experience. Policyholders can use the app to easily access their policy information, view coverage details, and submit claims directly from their smartphones. The app also provides a convenient way to make premium payments, track policy performance, and get in touch with customer support when needed.

Online Account Management Capabilities

Unum offers robust online account management capabilities through their official website. Policyholders can log in to their accounts to review and update their policies, view payment history, and access important documents. The online portal streamlines the process of managing insurance policies, ensuring that customers have easy access to the information they need.

Digital Tools and Resources

In addition to their mobile app and online account management, Unum provides policyholders with valuable digital tools and resources. These resources may include educational materials, calculators, and informative articles to help customers make informed insurance decisions.

Unum’s commitment to digital innovation ensures that their customers have the necessary tools to navigate their insurance coverage effectively and plan for their financial future.

Frequently Asked Questions

How do I apply for Unum’s insurance policies?

Applying for Unum’s insurance policies is easy. You can visit their official website or contact a local insurance agent for assistance.

What is the advantage of having multiple types of insurance with Unum?

Having multiple types of insurance with Unum can provide comprehensive coverage for various life events, ensuring you’re well-protected.

Is Unum available nationwide?

While Unum is a well-established company, the availability of specific policies may vary by location. It’s best to check with a local agent for details.

How long has Unum been in the insurance business?

Unum has been in the insurance business for over 170 years, demonstrating a long-standing commitment to its customers.

Are there any discounts available for bundling policies with Unum?

Unum may offer discounts for bundling multiple policies, so be sure to inquire about potential savings when speaking with an agent.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

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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