Seniors United Insurance Reviews - What Is It?
WARNING: DO NOT BUY Seniors United Insurance Until You Read This Review!
Is it a Scam? Does It Really Work?
At some point in your life, everyone starts thinking about buying life insurance. The modern market is filled with a great number of life insurance agencies but which one is really worth addressing? Seniors United Life Insurance is one of the best and popular providers in the USA. They focus mainly on seniors and claim to policy life insurance products to U.S. residents between the ages of 45 and 79. Actually, they guarantee your premiums will never increase and your coverage will never change. The company is based in Marina Del Rey, Ca. They offer loans underwritten (a.k.a. crafted, approved, funded) by Fidelity Security Life Insurance Company. For more information you will need to go to their page online. You can also sign up in a few minutes only.
Seniors United Insurance provides different types of policies. In general, these can be divided into two groups: term and whole-life. Term policies cover death during the term of the policy. Usually such insurance is taken for 30 years. Whole-life policies cover the entire life of a person. There are three sub-categories of these policies: universal, traditional, and variable. Traditional whole life insurance means that you agree to pay a definite amount in premiums for a specific death benefit. These policies range from $2,000 to $25,000. Individuals are covered until they are 120 years old. To get insurance from this agency you won't have to answer any health questions and have blood tests. Everything can be done in the phone regime. You can find Seniors United Insurance's policy information is really straightforward, but there are some exclusions which may keep your beneficiary from getting your life insurance payout.
Customer Reviews - Does Seniors United Insurance Really Work?
Well, there are two sets of exclusions. Whole-Life Exclusions may be faced when you buy a whole-life insurance policy. These include if you commit suicide in the first two years (your beneficiary will get only the premiums), if you die of any other cause in the first two years (the payout is 110% of the premiums). If you pass within the first two years, your beneficiary will receive the full value of your policy. Rider Exclusions are for the accidental death rider and include the following things: suicide, a sickness or disease in your body, any air travel aside from a commercial flight, accidental bodily injury when serving in the Armed Forces. In these cases your beneficiary won't get any money.
There are many customer reviews about Seniors United Insurance on different websites on the internet. In general, people seem to be satisfied with the services of the company, its rates and premiums. Many clients report being happy with the fact that everything can be done on the official website without any need to go to the office. Still, there are many insurance agents across the country who can meet with you physically if you wish. In fact, every person is provided with an expert who will accompany them through the whole process. The major purpose of the official website is to provide people with important information about insurance quickly. You should weigh all pros and cons of the program. Never make an emotional or hasty decision. But if you are ready to buy insurance, Seniors United has made the signing process as easy as possible. All you will need to indicate is your name, birthdate, age, and zip code. There is no need for a medical exam or blood work. Probably this is the reason why their monthly premium on a $25K plan is quite high.
As it was already mentioned, the online feedback about Seniors United Insurance appears to be positive mainly. It is important to note that this company is not related to the investment company called Fidelity. This life insurance agency has an A+ rating with the Better Business Bureau. There are no complaints in the past three years, which is a very impressive fact for a large insurance company. There are 91 reviews of this agency on Consumer Affairs. Let us take a look at some of these reviews.
"I have a life insurance with the Seniors United insurance and I am truly happy with their perfect customer service. The representative of the company took care of our case. By the way, their premium is affordable. It is convenient for me to pay for it every year. Another thing I like about this agency is that they have less paperwork when compared to other companies of the kind. I highly recommend them to everyone who takes care of their health."
"I have done reimbursement two times with the Seniors United Insurance and I didn't have any problems every time. I am amazed with their wonderful customer service. I used to call them several times for consultation and they always answered me in a polite and patient manner."
"I addressed SeniorsUnited Insurance a month ago. They promised me that they would give my claim within fifteen days and they did it. I am not skeptical about this company any more. I do trust them and recommend these guys to all of my friends."
My Final Summary
As it was already pointed out, Seniors United Insurance is not a real insurance company. It mostly works online via their official website. All you need to do is to call in and to sign up for a life insurance policy on their site. It is a great advantage for busy people who have no time to visit the company's office. Sick people also find it convenient. Many other companies are associated with super-high rates, unlike Seniors United Insurance. If you find yourself in that position, this company can be a great option for you. But it does not provide service to young and healthy people. What is good about this reputable life insurance company is that it is relatively cheap.
As a specialist, I would advise purchasing insurance through Seniors United Insurance. This company has high life insurance rankings based on actual customers' opinions. People appear to be satisfied with their services, policy offerings billing, price, and interactions with the company in general. This company will be very helpful if you want to broaden your insurance knowledge. You will learn how to identify insurance fraud, as well as what to look for when shopping around for medical insurance. Taking into account all pros and cons of this company, I do recommend Seniors United Insurance.
Seniors United Insurance Pricing and Rates
I consulted the representative of the company to learn what a monthly premium would cost. If I were a 56-year-old male living in San Diego, Ca. I would be obliged to pay: $68/month for a $15,000 policy; $102/month for a $20,000 policy; $135/month for a $25,000 policy. This insurance agency also offers an accident death benefit rider, which is a great way of getting an additional policy. In order to add the accidental death rider to your current policy you will need to pay an additional $7.50. To my mind, these are not high rates and the company is worth addressing.