Great Western vs. United Home Life: Top Life Insurance in 2024
Comparing Great Western vs. United Home Life shows that both companies offer different types of products to policyholders. Great Western offers funeral expense coverage, final expense coverage, or pre-need insurance. For individuals interested in term or whole life coverage—or life insurance for diabetics—United Home Life has better options. Great Western and United Home both received an A- rating from A.M. Best.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life 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 life insurance companies please enter your ZIP code on this page 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 life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life 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 life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Great Western offers final expense insurance, pre-need funeral insurance, and group annuities
- United Home Life offers term and whole life along with accidental death insurance
- Great Western has an A- rating with A.M. Best
In comparing Great Western vs. United Home Life, you need to consider all of the information available. Along with life insurance options, you should research each company’s insurance rates, financial standing, and more.
It’s always in your best interest to learn as much as you can about an insurance company — including the price range of its permanent life insurance quotes — before you make any commitments.
Read on to learn more about Great Western vs. United Home Life insurance. Enter your ZIP code above to receive life insurance quotes that work for your budget.
Great Western vs. United Home Life: What does each company offer?
As you compare Great Western vs. United Home life insurance companies, you will find that both have viable options for life insurance coverage.
Great Western Life Insurance Company, a part of Great Western Bank, offers the following options for life insurance:
- Final expense insurance
- Pre-need funeral insurance
- Group annuities
Great Western’s Final Expense Options
Great Western’s final expense insurance is intended to alleviate the burden of funeral costs and other end-of-life expenses that an individual’s family might incur when they pass away.
The beneficiary of the policy decides how the money is used, and funds can go to medical expenses, unpaid bills, or even something like a child’s or grandchild’s college tuition.
Great Western offers final expense coverage via two whole life plans: Assurance Plus and Guaranteed Assurance.
Assurance Plus is designed for those in good health who are looking for additional value. If you can answer “no” to a few simple health questions, you will qualify for a 25 percent increase in the full death benefit at the start of the policy.
Guaranteed Assurance provides coverage with absolutely no underwriting and no health questions to answer.
With the Guaranteed Assurance plan, if at any time a death occurs by accident as defined in the policy, the full death benefit will be paid. After the first two policy years, the full death benefit is paid regardless of how the death occurred.
Neither Assurance Plus nor Guaranteed Assurance requires a medical exam before extending coverage.
Great Western Pre-Need Coverage
Pre-need insurance is coverage sent straight to a funeral home. You decide the specifics of your service and the funeral home totals the costs.
Once this occurs, you will either receive a one-time bill or you will pay monthly installments toward the amount. Upon your death, the funds are used to pay the funeral home so your family doesn’t have to worry about the cost.
Great Western Group Annuities
Great Western’s Group Annuity Funding Agreement (GAFA) offers a fixed interest product to fund both qualified and non-qualified benefit plans. The distinctions between qualified and non-qualified policyholders are on the company’s website.
The GAFA offers extremely competitive interest rates and consistently credits rates based on the market when the policy is purchased.
United Home Life Insurance Products
United Home Life also offers whole and term life insurance, as well as accidental death and coverage specific to individuals with diabetes.
United Home’s whole life coverage options are as follows:
- Simplified Issue Whole Life: Consists of four products with varying levels of underwriting, based on a person’s health history, that can be custom-tailored to meet any and all coverage needs.
- Guaranteed Issue Whole Life: Offers coverage up to age 100 without any health questions or underwriting. You cannot be turned down due to your health, even if you’ve been denied coverage in the past.
United Home’s term life offers four separate options:
- Simple Term 20
- Simple Term 30
- Simple Term 20 ROP
- Simple Term 20 DLX
United Home also offers accidental death insurance, with up to $200,000 in coverage, to help pay for debt and other expenses in the event of a person’s passing.
Lastly, United Home offers life insurance coverage specifically for people who are diabetic. If you’re in the market for type 1 diabetes life insurance coverage, you can choose from either an Express Issue whole life plan or Simple Term 20 DLX.
Qualified policyholders can add or change coverage at any point by using their United Home Life login on either the company’s website or the app.
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How do Great Western vs. United Home life insurance rates compare?
Because Great Western and United Home offer different products, it depends on what you’re looking for when it comes to individual rates. Let’s take a look at Great Western vs. United Home life insurance quotes.
Below you’ll see a sample of Great Western’s guaranteed issue life insurance policy rates for men.
Great Western GI Sample Average Monthly Rates by Age (Males)| Age | Average Monthly Rates for $5,000 Policy | Average Monthly Rates for $10,000 Policy | Average Monthly Rates for $15,000 Policy | Average Monthly Rates for $25,000 Policy | Average Monthly Rates for $40,000 Policy |
|---|---|---|---|---|---|
| 45 | $29.17 | $55.42 | $81.67 | $134.70 | $212.92 |
| 50 | $31.25 | $59.58 | $87.92 | $144.58 | $229.58 |
| 55 | $33.75 | $64.58 | $95.42 | $157.08 | $249.58 |
| 60 | $39.17 | $75.42 | $111.67 | $184.17 | $292.92 |
| 65 | $47.50 | $92.08 | $136.67 | $225.83 | $359.58 |
| 70 | $61.25 | $119.58 | $177.92 | $294.58 | $469.58 |
| 75 | $80.83 | $158.75 | $236.67 | $392.50 | $626.25 |
| 80 | $115.42 | $227.92 | $340.42 | $565.42 | $902.91 |
These rates can give you an idea of what you’d be paying as a man based on both your age and the policy amount you would like to purchase.
Now, view the sample table of Great Western’s guaranteed issue life insurance policy rates for women.
Great Western GI Sample Average Monthly Rates by Age (Females)| Age | Average Monthly Rates for $5,000 Policy | Average Monthly Rates for $10,000 Policy | Average Monthly Rates for $15,000 Policy | Average Monthly Rates for $25,000 Policy | Average Monthly Rates for $40,000 Policy |
|---|---|---|---|---|---|
| 45 | $24.58 | $46.25 | $67.92 | $111.25 | $176.25 |
| 50 | $26.25 | $49.58 | $72.92 | $119.58 | $189.58 |
| 55 | $29.58 | $56.25 | $82.92 | $136.25 | $216.25 |
| 60 | $34.58 | $66.25 | $97.92 | $161.25 | $256.25 |
| 65 | $41.67 | $80.42 | $119.17 | $196.67 | $312.92 |
| 70 | $52.50 | $102.08 | $151.67 | $250.83 | $399.58 |
| 75 | $70.83 | $138.75 | $206.67 | $342.50 | $546.25 |
| 80 | $96.67 | $190.42 | $284.17 | $471.67 | $752.91 |
Again, while these numbers are just samples, they indicate the amount you could expect to pay with a Great Western GI plan as a woman, depending on your age and the amount of coverage you desire.
While all life insurance rates are based on a variety of factors, a sample of United Home’s guaranteed issue life insurance policy rates for men is below.
United Home Life GI Sample Average Monthly Rates by Age (Males)| Age | Average Monthly Rates for $5,000 Policy | Average Monthly Rates for $7,000 Policy | Average Monthly Rates for $8,000 Policy | Average Monthly Rates for $9,000 Policy | Average Monthly Rates for $10,000 Policy |
|---|---|---|---|---|---|
| 45 | $31.33 | $42.13 | $47.52 | $52.92 | $58.32 |
| 50 | $35.49 | $47.95 | $54.18 | $60.40 | $66.63 |
| 55 | $40.54 | $55.02 | $62.26 | $69.50 | $76.73 |
| 60 | $47.88 | $65.30 | $74.01 | $82.71 | $91.42 |
| 65 | $57.19 | $78.32 | $88.89 | $99.45 | $110.02 |
| 70 | $70.93 | $97.56 | $110.87 | $124.19 | $137.50 |
| 75 | $88.74 | $122.50 | $139.37 | $156.25 | $173.13 |
And here is a sample table of United Home’s guaranteed issue life insurance policy rates for women.
United Home Life GI Sample Average Monthly Rates by Age (Females)| Age | Average Monthly Rates for $5,000 Policy | Average Monthly Rates for $7,000 Policy | Average Monthly Rates for $8,000 Policy | Average Monthly Rates for $9,000 Policy | Average Monthly Rates for $10,000 Policy |
|---|---|---|---|---|---|
| 45 | $29.01 | $38.87 | $43.81 | $48.74 | $53.67 |
| 50 | $32.41 | $43.63 | $49.24 | $54.85 | $60.47 |
| 55 | $36.44 | $49.28 | $55.69 | $62.11 | $68.53 |
| 60 | $42.20 | $57.34 | $64.91 | $72.48 | $80.05 |
| 65 | $49.31 | $67.30 | $76.29 | $85.28 | $94.27 |
| 70 | $58.79 | $80.57 | $91.45 | $102.34 | $113.23 |
| 75 | $70.65 | $97.17 | $110.43 | $123.69 | $136.96 |
Your life insurance premium will likely be affected by your age and gender, along with your health status.
As you search for affordable Great Western vs. United Home life insurance, you’ll find both companies are quite similar to one another when it comes to rates; however, United Home is a bit cheaper.
Great Western vs. United Home Life Financial Ratings
The Great Western Insurance Company has received an A- rating from A.M. Best. This is considered excellent and suggests that Great Western is a very strong company with a healthy risk management profile.
United Home Life Insurance Company also received an A- from A.M. Best. This is great news if you decide to go with either company, as you can rest assured your family will be taken care of when it’s time for them to file a claim.
Great Western vs. United Home Life: The Bottom Line
Great Western and United Home Life offer quality products that may work for you, depending on your unique needs.
If you’re looking for funeral expense coverage, final expense coverage, or pre-need insurance, Great Western offers several options. If you’re interested in term or whole life coverage, or life insurance for diabetics, you may want to consider United Home.
Before you decide to buy Great Western vs. United Home life insurance, it’s important that you shop around for coverage to find the best option available for your unique needs.
Now that you’ve learned more about Great Western vs. United Home Life insurance, enter your ZIP code below to find the best life insurance options in your area.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.