Below is a list of frequently asked questions for life insurance policies.

What is a participating policy?

That is a policy that may pay you dividends. You have a chance to “participate” in the company’s earnings. A life insurance dividend is actually a refund of part of your premium. When a company collects more money in premiums than it needs to pay death claims and maintain the insurance pool for future claims, the company may pay dividends at the end of that year. Be sure to check your insurance plan to determine if and when dividends would be paid on your policy.  Not all participating policies have guaranteed dividends, thus payment of dividends is not guaranteed.

What happens to the cash value in my policy when I die?

When you die, the insurance company will pay the death benefit. No matter how much cash value you may have had in the policy the moment before you died, your beneficiaries can collect no more than the stated death benefit. Any loans you have not repaid (plus interest) will be subtracted from the death benefit.

Does term life insurance policy have cash value?

No, term life insurance policies do not have a cash value or any amount you can borrow against.

What is "convertible" term life insurance?

Some term life insurance policies are described as being “convertible”. A conversion provision allows the owner of the term life policy to convert from the term life insurance policy to a permanent life insurance policy during a specified period of time without having to show that the insured is in good health. The conversion period is shorter than the duration of the term insurance coverage.

How does term life insurance differ from permanent life insurance?

Permanent life insurance is intended to provide protection for your entire life. Generally, the premiums for permanent insurance are higher at least initially than for the same amount of term insurance. A portion of the permanent life insurance premium is used to build-up a cash value in the policy. The cash value can be used in a number of different ways including allowing you to take out a loan against the cash value.

What is a beneficiary and how do I name one?

Your beneficiary is the person who receives your life insurance benefits if you die. You can have more than one beneficiary at a time. Please see our Instructions for beneficiary change for additional help on how to name beneficiaries on your insurance policy

How do I make a beneficiary change?

Beneficiary changes or designations need to be made in writing. You can complete the Beneficiary Change E-Form and mail to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326

Or Fax it to: 913-402-6942

Can I change the owner of my policy?

The owner of the policy has the rights to make changes to and request information about the policy. Only the current owner of the policy has the rights to change ownership, and will be required to sign off on any changes on the policy. Please see our ownership instruction guide for additional information about changing the ownership of the policy.

How do I change the owner of my policy?

Ownership changes need to be made in writing and can be completed by filling out the Ownership Change E-Form. The form can be mailed to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326

Or Fax it to: 913-402-6942

How do I file a death claim?

Most life insurance claims can be processed upon receipt of a claimant’s statement completed by the named beneficiary(s), and a certified death certificate for the insured. The original insurance contract(s) should also be returned, if available. Only one death certificate is required regardless of the number of policies or certificates. These documents should be sent to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326
ATTN: Life Claims

How do I make an address change?

Name change requests need to be made in writing. You can complete the Address Change E-Form and mail it to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326

Or Fax it to: 913-402-6942

How can I change my name?

Name change requests need to be made in writing. You can complete the Name Change E-Form and mail it to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326

Or Fax it to: 913-402-6942

A reason must be given for the name change. If the reason is marriage or divorce, no legal documentation is required. If the name change is due to any other reason, legal documentation (marriage license or divorce decree) must be included with the request.

Can I make changes/obtain information on my spouse/child/parent's policy if I took out the policy and I pay the premiums?

Due to federal privacy laws, we must speak with whoever is listed as the owner of the policy. If you are the owner, you can make changes and obtain information.

How do I cancel my policy?

Most policies require a written request to cancel. If you wish to cancel your policy please complete our Surrender E-Form. You can mail the form to:

Unified Life Insurance
P. O. Box 25326
Overland Park, KS  66225-5326

Or Fax it to: 913-402-6942

If the policy you are planning to cancel is set up on automatic recurring payments, you may call a customer service to stop the automatic payments. Requests to stop automatic payments must be received 3 business days before the payment is set to draft.