Liberty Bankers Life vs United Home Life
For those seeking affordable life insurance, Liberty Bankers Life and United Home Life are two well-established insurers offering simplified issue policies, particularly attractive to seniors and those with health concerns. This comparison explores their strengths, product offerings, and suitability for budget-conscious clients.
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Company Overviews
Liberty Bankers Life
Founded over a century ago, Liberty Bankers Life is part of Liberty Bankers Insurance Group, providing life, health, and retirement products with a focus on relationship-driven service and stability1. The company is known for its final expense and simplified issue whole life policies, serving clients from age 18 to 80.
United Home Life
United Home Life (UHL), along with United Farm Family Life, has specialized in straightforward, no-medical-exam life insurance since 1948. UHL emphasizes simple applications, inclusive underwriting, and a range of term, whole, and final expense policies
Financial Strength & Ratings
| Company | AM Best Rating | Assets (approx.) |
|---|---|---|
| Liberty Bankers Life | A- (Excellent) | $420.5 million (capital/surplus) |
| United Home Life | A (Excellent) | $2.7 billion |
Both companies are considered financially stable, with United Home Life holding a slightly higher AM Best rating.
Policy Types Offered
| Policy Type | Liberty Bankers Life | United Home Life |
|---|---|---|
| Whole Life | Yes (SIMPL, Modified, Flex4Life) | Yes (Provider Whole Life, Express Issue) |
| Term Life | No | Yes (Express Issue 20/30, Premier 20 ROP) |
| Final Expense | Yes (SIMPL, Modified) | Yes (Express Issue Whole Life series) |
| Guaranteed Issue | Yes (Modified Plan) | Yes (Guaranteed Issue Whole Life) |
| Annuities | Yes | No |
Coverage Options & Flexibility
Liberty Bankers Life: Issue ages 18–80; coverage $3,000–$40,000 (final expense), higher for Flex4Life; 3 health classes; child/grandchild riders.
United Home Life: Up to $100,000 coverage; simplified and guaranteed issue options; flexible and inclusive for diabetic and senior applicants.
Underwriting & Application Process
Liberty Bankers Life: No medical exams; fast approval via phone interview; generous with health conditions.
United Home Life: No medical exams; simplified and guaranteed issue; diabetic/smoker friendly; fast issuance.
Pricing & Affordability
Liberty Bankers Life: Competitive for healthier seniors; e.g., $10,000 policy (age 50): Female $25.57/mo, Male $30.51/mo (Preferred).
United Home Life: Competitive for seniors; slightly higher for guaranteed issue; level premiums at issue.
Alternatives to Consider
- Mutual of Omaha
- American Home Life
- AIG
- Gerber Life
- Great Western
Riders & Customization
Liberty Bankers Life: Terminal illness, AD&D, children's term, waiver of premium, accelerated death benefit.
United Home Life: Riders include terminal illness, accidental death, hospital stay waiver, child/grandchild rider—some included free.
Best For…
| Company | Best For |
|---|---|
| Liberty Bankers Life | Seniors with moderate health issues, fast approvals, child coverage |
| United Home Life | Seniors, diabetics, guaranteed issue applicants, customizable plans |
Pros and Cons
| Company | Pros | Cons |
|---|---|---|
| Liberty Bankers Life | Fast approval, no exam, wide age range, child coverage | No online quotes, lower AM Best rating, limited term options |
| United Home Life | Customizable, diabetic friendly, guaranteed issue, strong financials | Higher premiums on guaranteed issue, some plans have graded benefit |
Customer Experience & Support
Liberty Bankers Life: Great agent support, home visits, BBB accredited, limited digital tools.
United Home Life: Excellent support, simple application/claims, strong agent and office coordination.
Final Verdict
Liberty Bankers Life is ideal for quick approvals and applicants seeking child coverage. United Home Life offers strong customization, excellent support for diabetics, and fraternal value with strong financials. Both serve seniors and health-challenged applicants well—compare quotes to see which suits your situation best.
FAQs: Liberty Bankers Life vs. United Home Life
Blake Insurance Group
Phone: (888) 387-3687
Email: [email protected]
Hours: Mon-Fri 9:00 am to 5:00 pm
Sat-Sun: Closed
Blake Nwosu
Owner & Principal Agent