Medicare Supplements

Medicare Supplement Plans

United American has been a prominent Medicare Supplement insurance provider since Medicare began in 1966. Additionally, we’ve been a long-standing participant in the task forces working on Medicare Supplement insurance policy recommendations for the National Association of Insurance Commissioners.

Insurance Products

Insurance Plans

When you become a United American policyholder, you gain freedom of choice. Our products allow you to keep your choice of trusted doctors and hospitals. 

Group Insurance

Group Insurance

United American Insurance Company has been a market leader in providing insurance to employer and union group sponsors for 25 years.

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One of the many things United American is well-known for is our superior customer service. When it comes to your health, we believe education, service, and support are vital. With our experience and stability, we’re the Company that does what it says it will do.

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File a claim

Because of our 50+ years of experience in providing life, supplemental health and Medicare Supplement insurance, United American offers superior customer service to both our agents and customers.  Never stress about your claim status with our online claim tracker. Need more help? Let one of our licensed agents assist you.

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Articles Navigate the complexities of insurance with industry-leading professionals.

The Advantages and Disadvantages of Buying Life Insurance for Grandchildren.

The Advantages and Disadvantages of Buying Life Insurance for Grandchildren.

As a grandparent, you have the same views as those of a parent – to love and protect your grandchild and ensure their future is set up for success. One of the ways many grandparents ensure this is through life insurance as it can help provide financial protection and a legacy for their grandchildren.

Like most insurance, life insurance can get pretty complex, maybe even discouraging to those who aren’t familiar with the ins and outs. To help weigh your options, we’ve listed the advantages and disadvantages of buying life insurance for your grandchild.

Advantages of buying life insurance for your grandchildren

  • Bang for your buck

    Purchasing life insurance while your grandchild is young can be more valuable than buying it later on in life. Because young children are typically in good health and have a longer future than most, they’re more likely to be insured at a lower rate. Our insurability decreases as we get older. Essentially, you could get better coverage at a lower rate now versus when the child is grown to adulthood.

  • Longevity and consistency in cash value

    A permanent life insurance product such as whole life typically offers cash value, which accrues for the life of the policy. Your grandchild could later use the cash value for college or larger purchases.

  • Leaving a legacy

    Considering our elder generation’s upbringing, financial stability is a popular gift to leave behind for our youth. Many Seniors use life insurance as a tool or benefit to teach financial stability and responsibility. There are also Seniors who chose to leave their benefits to a charity or church as another way to leave a legacy.

  • Prepared for the unthinkable

    Finally, the primary benefit for life insurance is to prepare for the unexpected. Should your grandchild pass early on, a life insurance benefit could help your children during the hardest time of their lives – protection from financial hardship can help ease the burden.

Disadvantages of buying life insurance for your grandchildren

  • There is no dependent for the child to care for

    The main use for life insurance is to help financially support the family being left behind, especially if the insured is the bread winner. Since children are dependents of their parents and don’t need to provide for anyone, some may see life insurance irrelevant in this case.

  • Final expenses could be covered by savings

    Life insurance payouts can cover any final expense costs such as the funeral and burial. If the parents have a healthy savings account and are financially stable, they could use their savings to pay for the funeral and burial expense for the child.

  • Mortality chances are low

    Fortunately, the risk of child mortality is relatively low. Therefore, you may not need life insurance coverage for the traditional reasons such as final expenses.

There is never a one-size-fits-all option for insurance, so you should consider your priorities and desires for your family beforehand. We also recommend using a licensed insurance professional to help navigate through your options.

Life insurance can be an essential part of your financial plan.

Choose a company that understands your needs and puts you first.

The purpose of this communication is the solicitation of insurance. United American Insurance Company is not connected with, endorsed by, or sponsored by the U.S. government, federal Medicare program, Social Security Administration, or the Department of Health and Human Services. Policies and benefits may vary by state and have some limitations and exclusions. Individual Medicare Supplement insurance policy forms MSA10, MSB10, MSC10, MSD10, MSF10, MSHDF10, MSG10, MSHDG, MSK06R, MSL06R, MSN10 and in WI, MC4810 and MC4810HD, MC4810HDG are available from our Company where state-approved. Some states require these plans be available to persons under age 65 eligible for Medicare due to disability or End Stage Renal disease (ESRD). You may be contacted by an agent or producer representing United American Insurance Company, PO Box 8080, McKinney, TX 75070-8080. OUTLINE OF COVERAGE PROVIDED UPON REQUEST.

For Ohio, you may verify the agent/broker and United American Insurance Company by contacting: The Ohio Department of Insurance 50 W. Town Street, Third Floor - Suite 300, Columbus, OH 43215. Consumer Hotline: 1-800-686-1526 or TDD Number: (614) 644-3745. For costs and complete details of coverage call or write your insurance agent or the company (whichever is applicable).

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