Looking for Opinions on UHL

[cptlbc724]

Seeing them a lot towards the top of the fex quote engine but read on another thread it's a traditional whole life being quoted, then another person stated it was in fact siwl.

Spoke to a guy at UHL today before checking the forum and he said their phone interviews average 10 min...Short interviews, great rates, seems like a good combo to me.

By the way, I immediately loved how fast I was able to speak with someone when I called UHL that could answer my questions on the spot without transferring me 5 times. Seems rare these days w other carriers.

 

[VolAgent]

I suggest you read the application first. Just because it is simplified doesn't mean they are looking for your standard FE risks.

If that is a true up or down app, you are going to have to be quite healthy to get those rates.

 

[JGold814]

United Home Life's final expense product is SIWL. The app contains 3 sections of health questions - if the client can answer "no" to all the questions in section A, then he/she can qualify for the Express issue whole life product (2 yr ROP - 12% in yr 1 and 24% in yr 2). If all answers to sections A and B are "no," then he/she can qualify for the deluxe whole life product with an immediate death benefit. If all questions are answered "no," then he/she can qualify for the premier whole life product with an immediate death benefit.

If any answers in section A are answered yes, then they are looking at the GIWL product with UHL (ages 45-75 with 3 yr ROP - 6% yr 1, 12% yr 2, 18% yr 3) - at that point, the rates can get very high. Vantis is much more competitive for GIWL than UHL's rates are. Also - Vantis goes up to $20k on GIWL, UHL only goes up to $10k.

Good thing about the premier product is the higher max face amount they allow. Note though, if $25k of coverage or less, Royal Neighbors is very competitive for immediate death benefit SIWL so you should look at them too. My experience with their customer service dept has been very good.

 

[VolAgent]

United Home Life's final expense product is SIWL. The app contains 3 sections of health questions - if the client can answer "no" to all the questions in section A, then he/she can qualify for the Express issue whole life product (2 yr ROP - 12% in yr 1 and 24% in yr 2). If all answers to sections A and B are "no," then he/she can qualify for the deluxe whole life product with an immediate death benefit. If all questions are answered "no," then he/she can qualify for the premier whole life product with an immediate death benefit.

If any answers in section A are answered yes, then they are looking at the GIWL product with UHL (ages 45-75 with 3 yr ROP - 6% yr 1, 12% yr 2, 18% yr 3) - at that point, the rates can get very high. Vantis is much more competitive for GIWL than UHL's rates are. Also - Vantis goes up to $20k on GIWL, UHL only goes up to $10k.

Good thing about the premier product is the higher max face amount they allow. Note though, if $25k of coverage or less, Royal Neighbors is very competitive for immediate death benefit SIWL so you should look at them too. My experience with their customer service dept has been very good.

I believe the OP is referring to the Provider product. While it is written like a SIWL product, that doesn't mean it is underwritten like a typical FE product.

Their Express Issue product is your standard SIWL product, the Provider isn't.

 

[cptlbc724]

Thanks for the info , but yeah I just double checked the quote engine and the UHL "provider" preferred & standard products are the 2 towards the top of the quote engine ...... Sh@t .. So they are fully underwritten.

 

[rousemark]

I think I might be one of the posters you mention.. I believe you missed a word in my post ..The UHL Provider is still supposedly a Simplified Issued product.

They like to claim, "Simplified Issue is all we do" and while they do not require physicals and APS, the Provider product is underwritten much stronger than a "normal" simplified issue product. If you want to know how they stack up for SIWL, you need to look at their Express Issue product and you will find them to be much more middle of the road when it comes to premium and underwriting.

 

[cptlbc724]

Ok I'm with ya now. Was confused why that product made it on the quote engine but, I get it now...I guess