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

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.

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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.

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

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

Unity Financial Life Insurance Company Insurance Rates Breakdown

Unity Financial Life Insurance Company Discounts Available

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.