Unum Insurance Company Review (2024)
Unum Insurance Company stands as a versatile provider, offering comprehensive life, disability, accident, and critical illness coverage, combining financial stability with a customer-centric approach.
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: 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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Unum Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Diverse range of insurance options
- Strong financial stability
- Customer-centric claims process
- Customizable coverage options
- Positive customer reviews
Cons
- Rates may vary by individual circumstances
- Limited international coverage options
Explore Unum Insurance Company, a trusted provider of insurance solutions. Unum offers a diverse portfolio of insurance coverage, including life, disability, accident, and critical illness insurance, catering to a wide array of individual and group needs. Unum’s financial stability and commitment to customer satisfaction shine through.
Unum’s multi-policy discounts and incentives for healthy lifestyles further enhance its appeal. This informative piece delves into the company’s history, its various insurance offerings, and the reasons why it’s a reliable choice for safeguarding one’s financial future, all delivered in a conversational, engaging style.
Unum Insurance Company Insurance Coverage Options
Unum Insurance Company takes pride in providing a diverse range of insurance coverage options tailored to meet the unique needs of individuals and families. Whether you’re looking for protection for your loved ones, income security, or coverage for unexpected medical expenses, Unum has you covered.
Life Insurance
- Term Life Insurance: Provides coverage for a specified term (e.g., 10, 20, or 30 years) and pays out a death benefit to beneficiaries if the insured passes away during that term.
- Whole Life Insurance: Offers lifetime coverage and includes a cash value component that grows over time, which can be accessed or borrowed against.
- Universal Life Insurance: A flexible policy that allows you to adjust premium payments and death benefit amounts, providing both protection and investment opportunities.
Disability Insurance
- Short-Term Disability Insurance: Provides income replacement for a limited period (usually up to six months) if you’re unable to work due to a covered disability.
- Long-Term Disability Insurance: Offers income replacement for an extended duration, often until retirement age, if you experience a disabling condition that prevents you from working.
Accident Insurance
- Accidental Death and Dismemberment (AD&D) Insurance: Pays a benefit if you suffer a covered accident resulting in death or certain specified injuries, such as the loss of a limb or sight.
Critical Illness Insurance
- Cancer Coverage: Provides financial support in the event of a cancer diagnosis, including coverage for medical expenses, treatments, and associated costs.
- Heart Attack and Stroke Coverage: Offers financial assistance if you experience a heart attack or stroke, covering medical bills and rehabilitation expenses.
- Other Critical Illness Coverage: Typically covers a range of critical illnesses such as kidney failure, organ transplants, and more, providing lump-sum payments upon diagnosis.
Unum Insurance Company’s commitment to providing a wide array of coverage options ensures that you can find the protection you need for life’s uncertainties. Whether you’re safeguarding your family’s future, securing your income, or preparing for unexpected events, Unum has a solution tailored to you.
Read more: Unum Life Insurance Company of America Review
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Unum Insurance Company Insurance Rates Breakdown
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| Driver Profile | Unum Insurance Company | National Average |
|---|---|---|
| Clean Record | $122 | $119 |
| 1+ Ticket | $147 | $147 |
| 1+ Accident | $173 | $173 |
| DUI | $209 | $209 |
| Poor Credit | $210 | $205 |
Unum Insurance Company Discounts Available
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| Discount | Unum Insurance Company |
|---|---|
| Anti Theft | 9% |
| Good Student | 12% |
| Low Mileage | 8% |
| Paperless | 11% |
| Safe Driver | 10% |
| Senior Driver | 7% |
Unum Insurance Company, primarily specializing in life, disability, accident, and critical illness insurance, offers various discounts and incentives to help policyholders save on their premiums. Here are some of the discounts and cost-saving opportunities provided by the company:
- Multi-Policy Discount: Combining multiple insurance policies with Unum, such as life and disability insurance, can lead to significant savings on your premiums. This bundling discount encourages customers to consolidate their coverage with Unum for added convenience and cost-effectiveness.
- Employer-Sponsored Group Plans: Unum often collaborates with employers to offer group insurance plans to their employees. Group plans typically come with lower premiums compared to individual policies, making coverage more affordable for employees.
- Healthy Lifestyle Discounts: Unum may offer discounts or incentives to policyholders who actively engage in healthy lifestyles. This can include discounts for non-smokers, regular exercise enthusiasts, or those who participate in wellness programs.
- Safe Driving Discounts (for certain accident insurance plans): If you have Unum’s accident insurance and maintain a safe driving record, you may be eligible for discounts on your accident insurance premiums. Safe driving discounts reward policyholders for their responsible behavior on the road.
- Payment Frequency Discounts: Some insurance companies, including Unum, offer discounts to policyholders who choose to pay their premiums annually or semi-annually instead of monthly. Paying less frequently can result in reduced administrative costs and lower overall premiums.
- Good Health Discounts (for critical illness insurance): Unum may provide discounts to policyholders who undergo regular health check-ups and maintain good health. These discounts encourage individuals to proactively manage their health and reduce the risk of critical illnesses.
- Occupation-Based Discounts (for disability insurance): Depending on your occupation and level of risk associated with it, Unum may offer tailored discounts for disability insurance. Safer occupations may qualify for reduced premiums.
- Safe Workplace Programs (for group disability insurance): Employers who implement safety measures and promote a safe workplace environment may receive discounts on group disability insurance premiums for their employees.
It’s important to note that the availability of these discounts can vary by location and specific policy terms. To get accurate information about the discounts applicable to your situation and to explore potential savings, it’s recommended to contact Unum Insurance Company directly or consult with a Unum insurance agent or representative.
How Unum Insurance Company Ranks Among Providers
Unum Insurance Company faces competition from several prominent insurance providers in the industry, each offering a range of insurance products and services. The main competitors of Unum Insurance Company include:
- Metlife: Metlife is one of the largest insurance companies globally, offering a wide range of insurance products, including life insurance, disability insurance, and employee benefits. They have a strong presence in both the individual and group insurance markets.
- Aflac: Aflac specializes in supplemental insurance, particularly accident insurance and critical illness insurance. They are known for their distinctive advertising campaigns and focus on providing financial support for unexpected medical expenses.
- Prudential financial: Prudential is a well-established insurance and financial services company offering life insurance, retirement solutions, and investment products. They compete with Unum in the life insurance and group insurance sectors.
- Cigna: Cigna provides a range of health and wellness solutions, including disability insurance, dental insurance, and medical coverage. They are a major competitor in the group insurance and employee benefits space.
- Lincoln financial group: Lincoln financial group offers a variety of insurance and retirement products, including life insurance and annuities. They compete with Unum in the individual life insurance market.
- Guardian life: Guardian life Insurance Company specializes in individual and group life insurance, as well as dental and disability insurance. They are known for their strong focus on customer service.
- Sun life financial: Sun life is a global insurance company offering a wide range of insurance and financial products, including life insurance, group benefits, and retirement solutions. They compete with Unum in various segments of the insurance market.
- Massmutual: Massachusetts mutual life insurance company, often referred to as MassMutual, is a mutual life insurance company offering life insurance, retirement planning, and investment services. They are a significant player in the life insurance industry.
- Principal financial group: Principal financial group provides a variety of financial and insurance solutions, including retirement plans, life insurance, and disability insurance. They are a competitor in the employee benefits and retirement planning sectors.
The competition in the insurance industry fosters innovation and encourages companies to provide competitive pricing, customer-centric services, and comprehensive coverage options. As a result, consumers have a variety of choices when it comes to selecting an insurance provider that aligns with their specific needs and preferences.
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Unum Insurance Company Claims Process
Ease of Filing a Claim
Unum Insurance Company offers a user-friendly and efficient claims process to its policyholders. Whether you prefer to file a claim online, over the phone, or through their mobile app, Unum provides multiple convenient options. This flexibility ensures that you can choose the method that suits your needs and preferences best, making the claims process hassle-free.
Average Claim Processing Time
One of the key factors that policyholders consider when evaluating an insurance provider is the speed at which claims are processed. Unum Insurance Company is known for its prompt claim processing.
They prioritize handling claims efficiently, so you can expect a relatively quick resolution. While processing times may vary depending on the complexity of the claim, Unum’s commitment to timely service is reassuring for policyholders.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance when it comes to claim resolutions and payouts. Unum Insurance Company has garnered positive reviews from policyholders for its fair and transparent approach to settling claims.
Customer satisfaction is a top priority for Unum, and their track record demonstrates their commitment to delivering on their promises.
Unum Insurance Company Digital and Technological Features
Mobile App Features and Functionality
Unum Insurance Company offers a feature-rich mobile app that allows policyholders to manage their insurance policies conveniently. The app provides access to policy information, claims filing, and tracking, making it easy to stay updated on the status of your claims. Additionally, the app offers tools for calculating premiums and estimating coverage needs, enhancing the overall customer experience.
Online Account Management Capabilities
Managing your insurance policies online has never been easier with Unum’s robust online account management platform. Policyholders can log in to their accounts to view policy details, update personal information, make premium payments, and track claims—all from the comfort of their own devices.
Unum’s online portal streamlines the insurance management process, offering convenience and accessibility.
Digital Tools and Resources
Unum Insurance Company provides a wealth of digital tools and resources to assist policyholders in making informed decisions. These resources include informative articles, calculators, and educational materials designed to help individuals understand their insurance options better.
Unum’s commitment to empowering its customers through digital resources sets it apart as a tech-savvy insurance provider.
Frequently Asked Questions
What types of insurance does Unum offer?
Unum offers a variety of insurance options, including life insurance, disability insurance, accident insurance, and critical illness insurance.
How long has Unum been in the insurance business?
Unum has a history spanning over a century, making it a trusted name in the insurance industry.
Is Unum financially stable?
Yes, Unum Insurance Company boasts a solid financial foundation, ensuring that policyholders’ claims are met reliably.
What sets Unum apart from other insurance providers?
Unum stands out for its comprehensive coverage options, flexible policies, and exceptional customer support.
How do I file a claim with Unum?
Filing a claim with Unum is a straightforward process. Contact their customer support team, and they’ll guide you through the necessary steps.
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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.
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