OneAmerica Life Insurance Review

OneAmerica offers term and whole life insurance with various payment options, allowing you to choose an option that fits your budget. However, customers must work with an agent to obtain product quotes or specifics, which some individuals may find inconvenient.

Customers searching for a more simplified or direct purchasing experience might consider purchasing life insurance from an online provider like Haven Life.

Before choosing a provider, read our OneAmerica Life Insurance analysis to help you pick your best option.

The Life Insurance Marketing and Research Association’s (LIMRA) 2022 Insurance Barometer Study reveals that most families have not planned for the loss of a principal wage earner. One in 10 respondents said they would experience financial trouble within one week if their household's primary breadwinner died.

OneAmerica's term life insurance covers you for a fixed period, and your dependents get the policy's death benefit if you die during the specified term. The company offers inexpensive policies for 10, 15, 20 and 30 years with fixed rates and death benefits.

OneAmerica’s term life insurance is best for persons who want to address short-term financial needs, such as income replacement, debt repayment, child care bills and education funds for children. This choice is especially appealing to those with considerable, short-term financial demands.

OneAmerica’s whole life insurance is generally more costly and has fewer constraints than term life insurance. Whole life insurance is fixed and lasts your entire life, and it can also generate monetary value.

Customers who'll benefit the most from OneAmerica's whole life insurance are those looking for additional tax-free investments, supporting family members and requiring long-term care. Persons with a low risk tolerance or seeking a secure, guaranteed approach to generate cash values fare best with whole life insurance.

If you want a blend of life insurance protection, customizable rates and the ability to expand your money through investments in the market, OneAmerica’s Variable Universal Life (VUL) is a good option.

Universal life insurance is suitable for people who require long-term insurance and have the financial means to pay for it. Customers looking for security while also allowing for the growth of financial worth will benefit the most from this type of insurance plan.

Insurance riders can raise your rates but also provide significant advantages or protect your loved ones. Customers can add the following life insurance riders to their OneAmerica life insurance policies:

MoneyGeek can help you get started with purchasing OneAmerica life insurance. Know how to select from various insurance products and what to do if the company rejects your application.

You have a variety of life insurance alternatives available to you. If your application is declined, be patient and follow the appropriate steps.

To assist you in navigating your options, MoneyGeek answers some frequently asked questions about OneAmerica life insurance.