Unity Financial Announces Record Year in 2022
Cincinnati, OH. – March 31, 2023 – Unity Financial Life Insurance Company (“UFL”), a leading provider of Medicaid-compliant annuities and insurance products, announced full-year results were the best in the company’s history. Admitted assets grew by almost 5% from $345 million to $362 million, and pretax income was over $3.3 million, up 76% over the prior year.
Jay Hardy, President, and CEO, stated, “Nearly every metric we track set a record in 2022. Our products assist people who are going through the Medicaid application process, and there are more and more people applying for Medicaid each year. We have built a tremendous compliance unit that helps our clients find the simplest way to navigate a complicated set of Medicaid rules. Whether it is irrevocably assigning life policies to a funeral trust or a funeral home, or buying an annuity to comply with Medicaid eligibility, Unity Financial can help seniors capture their maximum legal benefit while going through the Medicaid spend down process.”
Unity Financial added several new distribution sources during 2022, especially within the Medicaid planning profession. The Home Office employees and the agency field force are stronger and more experienced now than ever in the company’s history.
Unity Financial Life Insurance Company is the national leader in Medicaid-compliant financial products. The company offers a full suite of financial products considered exempt assets in the Medicaid application process. Medicaid-compliant annuities (Single Premium Immediate Annuities) and whole life products designed to fund funerals assigned to either funeral homes or the Unity Financial Irrevocable Funeral Trust help Medicaid applicants capture their maximum legal benefit when joining Medicaid. UFL is domiciled in Ohio and is licensed to do business in 48 states plus the District of Columbia. The company can be reached at www.uflife.com or by calling (877) 523.3231.
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