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.


File a claim

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.

File A Claim

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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At United American, we only provide knowledgeable and licensed agents to service you. Say goodbye to wasted hours spent on hold and bid good riddance to talking to artificial intelligence. Hear a live voice or get one-on-one time with one of our licensed agents today.

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

Can a Life Insurance Policy be Used as Collateral?

Can a Life Insurance Policy be Used as Collateral?

Are you applying for a loan? Wondering what you can use as collateral?

If you have a life insurance policy, you’re in luck, because most businesses typically accept life insurance as collateral as they can guarantee funds if the borrower dies or defaults. Essentially, a collateral assignment of life insurance means a lender is set as the primary beneficiary of a death benefit to use as collateral for a loan.

In fact, according to Life Ant, “a large percentage of lenders will require borrowers to use a life insurance policy as collateral for the loan” (these loans are usually a small business loan or a Small Business Administration loan).1 Life Ant goes on to say that as long as the insurance company allows collateral assignment for a policy, “all types of life insurance policies can be acceptable”1 for assignment. A term life insurance policy, according to Life Ant, is used when lenders require the loan for a time period that coincides with the term of the loan; and a permanent life insurance policy with cash value allows lenders “access to the amount as repayment of the loan if the borrower were to default.”1

To put it simply, a term life policy can ensure a lender will be paid back if the borrower dies before paying back the loan. A whole life policy can pay back a lender if the borrower dies or defaults (because of its cash value). Of course, the lender no longer will have access to the death benefit of a life insurance policy once the loan is paid off.

If you want to know how to use your life insurance policy as collateral for a loan, contact the bank from which you’re borrowing and your life insurance company for more information. They will provide you with all the info you need to get your loan secured (if you’re approved) with your life insurance policy as your collateral.

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

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

1 Life Ant, What is a Collateral Assignment of a Life Insurance Policy?, 2019

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).