Universal Guaranty Life Insurance Company: Customer Ratings & Reviews [2024]
Universal Guaranty Life Insurance Company, based in Springfield, IL, offers a comprehensive range of life and health insurance policies, serving clients in 37 states and backed by a $7.7 million market cap.
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
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: Apr 23, 2024
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.
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Universal Guaranty Life Insurance Company
Average Monthly Rate For Good Drivers
$69A.M. Best Rating:
N/AComplaint Level:
LowPros
- Offers life insurance, health insurance, and annuity policies.
- Availability in 37 states.
- A+ rating with the Better Business Bureau.
Cons
- Limited information available online.
- No online quote option.
- Complaint index of 15.89 according to the NAIC.
Universal Guaranty Life Insurance Company is a small company located in Springfield, IL. It’s a subsidiary of UTG Insurance and provides life insurance, health insurance, and annuity. Universal Guaranty life insurance is available in 37 states, but Universal Guaranty Life Insurance Company rates aren’t available online.
However, it doesn’t mean you can learn more about the company. Use this guide to get more information about Universal Guaranty Life Insurance Company and compare multiple companies in your local area.
Whether or not you buy Universal Guaranty Life Insurance Company life insurance in the end, you should always compare rates. Enter your ZIP code in our FREE comparison to compare rates now.
What You Should Know About Universal Property & Casualty Insurance Company
Universal Guaranty Life Insurance Company is a UTG Insurance subsidiary—a company with holdings in Cumberland Woodlands, LLC, and Stanford Wilderness Road, LLC.
Universal Guaranty Life Insurance Company started in Columbus, Ohio, in 1966. Since 1984, UTG Insurance has made several milestones with life insurance despite its small size. After 2005, Universal Guaranty Life Insurance stopped participating in A. M. Best ratings. However, the company is still in business across the United States.
Under the UTG parent company name, Universal Guaranty is involved in many community charitable efforts.
Availability by State
You can find Universal Guaranty Insurance in 37 states. These are the states where coverage is not available:
- New York
- Michigan
- California
- Wyoming
- Hawaii
- New Jersey
- Maine
- Connecticut
- Florida
- Vermont
- Maryland
- New Hampshire
- Alaska
You may not be able to get an affordable Universal Guaranty Life Insurance Company policy in these states, but you can still get the best rates. Compare life insurance companies in your area by using our FREE online tool.
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Universal Guaranty Life Insurance Claims and Customer Service
Do you need to file an insurance claim with Universal Guaranty? Here are the steps you’ll need to take to file a claim.
- Have information about your original policy.
- Be prepared to present a certified death certificate of the insured.
- You must complete a claimant statement. Ensure that the beneficiary signs it and ensure a Notary Official has witnessed it.
- Present an obituary or newspaper clipping.
- If a beneficiary has passed away, present a death certificate.
- Any benefits assigned to the funeral home must include the funeral home’s FEIN. A Notary Official must be there to witness it.
- You will need to fill out an indemnification agreement if the beneficiary has been appointed as head of the estate and if the estate has closed.
If you need to make a Universal Guaranty Life Insurance claim, you’ll need to contact customer service by phone or email to file a claim. The UTG Insurance website has a few forms you can download that may speed up the claims process but there is no Universal Guaranty Life Insurance Company login. Your best bet is to try the Universal Guaranty Life Insurance Company phone number listed above. Contact Universal Guaranty claims by email at claims@utgins.com.
Universal Guaranty Life Insurance Company Reviews
We searched everywhere for reviews, but Universal Guaranty had little to show. However, we managed to come up with details about the company you might find interesting. Examine this data table to see how Universal Guaranty Life Insurance Company is performing.
Universal Guaranty Life Insurance Company Overview
| Summary | Stats |
|---|---|
| Better Business Bureau | A+ (not accredited) |
| NAIC Complaint Index | 15.68 (higher than average) |
| Number of Employees | 1 to 50 (Reported by Glassdoor) |
| Glassdoor Workplace Rating | 5 stars |
Under the Better Business Bureau, Universal Guaranty has one complaint from February 2018. Overall, it has maintained an A+ rating.
However, the National Association of Insurance Commissioners (NAIC) reports something different. The NAIC has a customer review rating called the Complaint Index—which measures the average rate of complaints about an insurance company. The average rate of complaints is one to 1.15. Universal Guaranty Life Insurance Company has a complaint index of 15.89.
But how is Universal Guaranty as a place to work? Glassdoor rated the company with five stars, the highest rating on the website. Take it with a grain of salt, though. There aren’t many reviews on Universal Guaranty, so it’s wise not to gauge the company on just one review.
Universal Property & Casualty Insurance Company Insurance Coverage Options
You can get life insurance from Universal Guaranty, but you can also buy health insurance and annuity. There aren’t any signs that you can purchase car insurance or any other insurance products from Universal Guaranty.
The way to get a quote from Universal Guaranty Life Insurance Company is to contact them directly. You can reach Universal Guaranty customer service at 1-800-323-0050, or you contact them by email at customer.service@utgins.com.
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Universal Guaranty Life Insurance: The Bottom Line
It isn’t easy to choose an insurance company with so little to go on. Universal Guaranty Life Insurance has private insurance rates, and the only way to get them is to contact them directly or one of its agents. Even health insurance is under lock and key, where you have to contact them to get a quote for insurance.
But we’ve made it easy for you. Although you can’t get Universal Guaranty Life Insurance Company quotes online, we can help you compare rates from top companies. All you have to do is enter your ZIP code in the FREE comparison tool below and compare multiple companies in your area.
Universal Property & Casualty Insurance Company Insurance Rates Breakdown
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| Driver Profile | Universal Guaranty | National Average |
|---|---|---|
| Clean Record | $58 | $119 |
| 1+ Ticket | $71 | $147 |
| 1+ Accident | $88 | $173 |
| DUI | $138 | $209 |
| Poor Credit | $100 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Universal Property & Casualty Insurance Company Discounts Available
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| Discounts | Universal Guaranty |
|---|---|
| Anti Theft | 8% |
| Good Student | 6% |
| Low Mileage | 12% |
| Paperless | 11% |
| Safe Driver | 14% |
| Senior Driver | 13% |
Discovering ways to save on insurance can significantly impact your financial planning. Universal Guaranty Life Insurance Company offers a variety of discounts, allowing policyholders to optimize their coverage while enjoying potential cost savings. Explore the range of discounts available to make informed decisions about your life and health insurance needs.
- Multi-Policy Discount: Combine multiple insurance policies to enjoy reduced premiums.
- Good Health Discount: Maintain a healthy lifestyle to qualify for discounted rates.
- Safe Lifestyle Discount: Demonstrate safe habits and activities for additional savings.
- Payment Frequency Discount: Opt for annual payments to unlock special discounts.
- Good Student Discount: Students with excellent academic records may be eligible for reduced rates.
- Military and Veterans Discount: Showcasing appreciation for those who served with exclusive discounts.
- Safe Driver Discount: Maintain a clean driving record for lower premiums.
- Long-Term Policyholder Discount: Loyalty is rewarded with discounts for long-term policyholders.
As you navigate the realm of insurance, Universal Guaranty Life Insurance Company’s diverse discount offerings provide an opportunity to tailor your coverage to both your needs and budget. By taking advantage of these discounts, you can enhance your financial well-being while securing comprehensive life and health insurance protection.
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How Universal Property & Casualty Insurance Company Ranks Among Providers
In the dynamic landscape of life and health insurance, Universal Guaranty Life Insurance Company faces competition from several key players. Understanding the market context and the strengths of its competitors is crucial for individuals seeking optimal insurance solutions. Let’s delve into the main contenders challenging Universal Guaranty in the insurance arena.
- Prudential Financial, Inc.: A prominent player in the insurance industry, Prudential offers a wide array of life insurance products and financial services, catering to diverse client needs.
- Metlife, Inc.: Known for its global presence, Metlife provides comprehensive insurance coverage, including life and health policies, with a focus on customer-centric solutions.
- AIG (American International Group): AIG is a multinational insurance powerhouse, offering a broad spectrum of insurance products, including life and health coverage, coupled with a robust financial services portfolio.
- New York Life Insurance Company: As one of the oldest and largest mutual life insurance companies, New York Life boasts a strong reputation for stability and customer-centric policies.
- State Farm Insurance Companies: Recognized for its extensive network of agents, State Farm competes with diverse insurance offerings, emphasizing personalized service and community engagement.
As you navigate the insurance market, the competition among Universal Guaranty Life Insurance Company and its counterparts adds depth to the choices available to consumers. Evaluating the strengths and specialties of these competitors can empower individuals to make well-informed decisions, ensuring their insurance needs align seamlessly with their financial goals.
Frequently Asked Questions
What type of insurance policies does Universal Guaranty offer?
Universal Guaranty Life Insurance Company provides life insurance, health insurance, and annuity policies.
Is Universal Guaranty Life Insurance Company available in all states?
Universal Guaranty life insurance is available in 37 states. However, it’s not available in 13 states.
Can I get a Universal Guaranty Life Insurance Company quote online?
Universal Guaranty Life Insurance Company rates aren’t available online. You need to contact them directly or one of its agents to get a quote.
How can I file an insurance claim with Universal Guaranty?
To file a claim, you need to contact Universal Guaranty customer service by phone or email to file a claim. Contact Universal Guaranty claims by email at claims@utgins.com.
What are the ratings of Universal Guaranty Life Insurance Company?
Universal Guaranty Life Insurance ratings with A.M. Best have not been recorded since 2005. Under the Better Business Bureau, Universal Guaranty has one complaint from February 2018.
Overall, it has maintained an A+ rating. However, according to the National Association of Insurance Commissioners (NAIC), Universal Guaranty Life Insurance Company has a complaint index of 15.89.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
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.
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