November, 23 2017

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Cincinnati Life Insurance Company Review

Cincinnati Life Insurance Company Review

Author
  • Price
  • Underwriting
  • Financial Strength

Cincinnati Life Insurance Company Review

Pros: Pricing- Cincinnati Life Insurance Company often has some of the best rates in the country (See table below). Awards- Cincinnati Financial was named one of Forbes 2013 America’s Most Trustworthy Companies.  Also, they were one of Ward’s 50 Top Performing P&C Insurers in 2013.

Cons: There aren’t too many cons with Cincinnati Life.  One issue could be their distribution model which is stricter than other top insurers making them unavailable with many independent agents.

Bottom Line: Cincinnati Life Insurance Company is a top tier life company that will often have one of the absolute lowest rates in the entire nation in 2016.  However, since their rates are so good, their underwriting can be strict in certain areas.  You can’t go wrong with Cincinnati Life but as we recommended with all companies, defiantly receive a quote from Cincinnati Life but also receive quotes from other insurers as well to ensure you are receiving the best deal.

About

Type: Public

Issued by: The Cincinnati Life Insurance Company

Founded: 1968

Website: www.cinfin.com

Phone: (888) 242-8811

Address: 6200 S. Gilmore Road Fairfield, OH 45014

A.M Best Rating: A (Excellent) Third highest of 16 possible ratings

Comdex Ranking: 82 out of 100

BBB Rating: A+ (Cincinnati Financial Corporation)

Competitors: Ohio National Life, New York Life, Northwestern Mutual, Mass Mutual, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Allstate, American General Life, Banner Life, Protective Life, Primerica, State Farm, USAA, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential.

Price Comparison Chart

Sample rates for a male in each company’s best health class for $500,000-20 year term for a 50 year old male (updated 2016).

AgeCincinnati Life Mutual of OmahaPrudentialAIG
40$83.16$85.97$88.65$86.85

 

Summary
Review Date
Reviewed Item
Cincinnati Life Insurance Company
Author Rating
5