September, 23 2017

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Country Financial Life Insurance Review

Country Financial Life Insurance Review

Author
  • Price
  • Financial Strength

Country Financial Life Insurance Review

Pros: Size– Country Financial is ranked at #668 in 2014 on the Fortune 1000 list with $3.4 billion in revenues.  Local Agents– Country Financial employs the local agent business model which many people still prefer.  Variety of Products– True to their roots, Country Financial still offers farm and crop insurance in addition to the traditional; auto, home, renter’s, commercial, disability, life and commercial insurance. Rating– Country Life Insurance Company has an A+ (Superior) financial rating from the preeminent rating agency A.M. Best.

Cons: Their life insurance rates are not the cheapest compared to what is available on the open market. (See the Price Comparison Table Below)

Bottom Line: Country Financial is a highly rated insurance company that has been around for more than 80 years and with local agents in the communities in which they do business. They operate in 17 states and insure over one million households, businesses and vehicles.  In comparing their term life insurance rates- they were more expensive than many of the other companies available on the market.  We recommend, as with all the life insurance companies we review, to receive a quote from Country Life Insurance Company and also from the other top companies and choose the best one for you.

About

Type: Mutual, Stock

Issued by: Country Life Insurance Company & Country Investors Life Assurance Company

Founded: 1929 (Life Insurance Division)

Website: countryfinancial.com

Phone: (866) 268-6879

Address: 1701 Towanda Ave, Bloomington, IL, 61701

A.M Best Rating: A+ (Superior) Second highest of 16 possible ratings

Comdex Ranking: 87 out of 100

BBB Rating: A+ (Country Insurance and Financial Service)

States Conducts Business in: Alaska, Alabama, Arizona, Colorado, Georgia, Illinois, Iowa, Kansas, Minnesota, Missouri, Nevada, North Dakota, Oklahoma, Oregon, Tennessee, Wisconsin, and Washington.

Life Insurance Products: Term Life Insurance, Whole Life Insurance and Universal Life Insurance.

Competitors: State Farm, Farmers, Allstate, Nation Wide, American Family Life Insurance, Progressive Life Insurance, ANICO, Allianz Life Insurance Company, Fidelity & Guaranty Life, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, Grange Life Insurance Company, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, PennMutual, Principal, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie, Sagicor, Amica, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life Group, New York Life, Northwestern Mutual, EMC National Life, Motorists Life, Pan-American Life, National Life Group, American Family, Shelter, HoraceMann, Group Life Insurance, Supplemental Life Insurance, Aflac, Voluntary Life Insurance, Unum,  MassMutual.

Price Comparison

Sample rates for a $250,000 policy on a 20-year term at each company’s best health class, for a 40-year old male, non-smoker.

AgeCountry FinancialAIGMetLifeBanner Life
40$28$20.04$23.54$22.53

 

 

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Summary
Review Date
Reviewed Item
Country Financial Life Insurance
Author Rating
3