Profile
What Does the United National Life Insurance Company Offer? The United National Life Insurance Company was established in 1948 as a private, for-profit company. It was founded by Raymond P. Gill. The main aim of the company was to provide "a comprehensive insurance policy for all classes of life", but did not offer any medical or health benefits. It is not known whether it still provides any services today. According to the Associated Press (Cash Register, 4th Edition), the insurance company operates through a network of local agents. According to the Company's Web site, it has twenty-two locations in twelve states and one is in Hawaii. The website also indicates that the company does not do business in any state where marriage is illegal. It also says that it offers "fifty-six customized coverages for the life of individuals". These policies cover death, disability, life and annuities. Some of these policies have features such as premium replacement with a guaranteed minimum cost and premium credit for underwriting discounts. According to the AP, the company claims to have covered about six hundred million claims between its twenty-two local agents and customers. It also claims that it has helped reduce the cost of mortality by thirty percent in the last ten years. However, the company does not specify what it did to achieve this result. The website also indicates that customers can contact the Insurance Information Center for more information on premiums and discounts offered. There are several conditions, however, before a customer can become a customer of United National Life Insurance Company. According to the AP, a policyholder can contact any agent of the company to apply for a policy. ferrari insurance involves filling out an application form, giving information about one's death, address, date of birth and Social Security number. If the information provided is verified, the application will be submitted to the company's agent for consideration. If the agent thinks the applicant may be eligible for a payout, the agent will contact the policy holder for a phone conversation. During the conversation, the agent will discuss the terms of the policy with the person, who in turn signs the policy papers. Once the paperwork is signed, it becomes legally binding, although the person may dispute some aspects of the documentation. If the person agrees to the terms, he or she may send a letter to the company, which is recorded and may be used in court proceedings. If the company determines that a payout is justified, the paperwork is filed in a court filing. Then, a claim letter is sent to the carrier that is assigned to carry the carrier's claims. When the paperwork is received, the carrier will forward it to the Underwriter, who will perform an investigation to determine whether a claim is valid. After reviewing the forms, the underwriter will issue a policy. On the policy, the underwriter must state that all applicable federal and state laws regarding life insurance have been satisfied. The term of the policy is five years from the date of issue. If ever the policy is cancelled, the underwriter must provide written notice to the applicant. If the applicant is in violation of the terms of the policy, the penalties will be enforced. In addition to carrying out medical examinations on the client, the insurance company will also review the claim and will investigate the circumstances surrounding the occurrence of the event. If the company determines that the death is caused by the insured himself or herself, or the insured's family, then the coverage will be canceled. Otherwise, the policy will remain in force until the five-year term has expired. The United National Life Insurance Company was created in 1966. The company offers a variety of policies for individuals who are interested in obtaining insurance protection. In order to protect one's interests, the company is very accessible and provides all the information required by a customer. Individuals should consider their options carefully when purchasing life insurance to ensure that the choice they make meets both needs and budget requirements.
Forum Role: Participant
Topics Started: 0
Replies Created: 0