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Union Labor Life Insurance
About the Company
Union Labor was founded in 1925 with funding from the American Federation of Labor. They are the only fully unionized provider of insurance and financial services. Union Labor has thrived over the years; they now have a number of subsidiary companies, including The Union Labor Life Insurance Company, Trust Fund Advisors, Inc., and Julio Insurance Group. Union Labor Life is headquartered in Washington D.C. and has a support office in Silver Spring, Maryland.
Union Labor has approximately $21 billion in life insurance in force.
Term Life Insurance Products
Life insurance is a key product is Union Labor's line of insurances. The following are a few features their term life policies offer:
- You can choose between a five, ten, fifteen, twenty, or thirty year policy.
- Your death benefit may be income tax free.
- It is a great compliment to your permanent policy during times when your financial contributions to your family are vital.
- Many term policies allow you to extend your coverage for an additional term without taking another medical exam. These policies are called No Medical Exam Term Life Insurance.
- Some policies allow you to convert your term policy to a permanent policy.
- Because your premium payments are not invested to produce returns, Term policies are much less expensive than permanent policies.
- Term policies are great products for people who want death benefit coverage for a low cost.
- The death benefit for a term life insurance product is only paid if the policy holder passes on while the policy is in effect. If the policy expires before the policy holder passes on, no death benefit is paid.
- Term policies do not have a cash accumulation value.
Union Labor Financial Ratings
A.M. Best: B+ (Very Good)
Term Life Insure provides free information concerning insurance products and services, but is not an agency or an insurer. We are not associated with the company or companies profiled on this page and we make no representation, express or implied, that you will receive a quote from the company profiled herein. Products may not be available in all states. Please speak to your insurance agent or carrier directly for more information.
