Country Financial Life Insurance Review

Country Financial Life Insurance Company Overview

Available in just 19 states, Country Financial is a solid choice for life insurance. Country Financial life insurance options may be limited to three choices, but most customers report affordable rates. Additionally, Country Financial customer service reviews tend to be positive.

However, a Country insurance policy isn’t the right choice for everyone. For example, getting a Country Financial life insurance policy with a serious medical condition isn’t always the easiest – or cheapest – coverage option.

Explore our Country Financial life insurance review to see what this company offers and if it might be the right fit for your financial needs. Then, explore the best life insurance companies for you by comparing quotes and policy options with as many providers as possible.

Country Financial Life Insurance Rates by Age

Shopping for life insurance can be a daunting task and can be confusing when it comes to all the terms used when purchasing life insurance. It is important to find life insurance that fits into your budget as well as your lifestyle. All companies claim they have the best rates available. With Country Life Insurance Company, you will receive optimal insurance to fit your needs.

One of the most important factors that affect your rates is how old you are. Your age impacts your life insurance premiums in a significant way, with older adults paying higher rates than younger people. The Country Financial Insurance Company is among the cheapest life insurance quote options when it comes to rates by age, as you can see below.

Country Financial Monthly Term Life Insurance Rates for $250,000 Policy

Sample Country Financial quotes are for a female non-smoker in excellent health. Rates are subject to underwriting and are determined by factors such as gender, age, and health. Comparing Country Financial vs State Farm shows the latter is cheaper in price.

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Country Financial Life Insurance Policies

Country Life Insurance Company offers many types of life insurance policies to fit the needs of all people. The company also offers policies to fit not only your financial need but also offers different coverage options.

Country Financial Term Life Insurance

Country Life Insurance Company term life insurance has coverage of $50,000 up to more than $1 million available for terms of 10, 15, 20, or 30 years. Term life insurance comes with features and benefits you can add to your policy for a small extra cost, such as burial expenses, paying off a home, and also replacing the income of the lost loved one.

Country Financial Whole Life Insurance

Country Life Insurance Company offers whole life insurance costs that are competitive and affordable. These plans are considered permanent life insurance policies because they last as long as you pay your monthly premiums. With whole life insurance, you will choose the amount of money the beneficiary will receive and payment options. There are five payment options:

• Executive Whole Life: Make equal premium payments up to age 95 with a policy that continues to increase in value over time. The younger you are, the lower your premiums generally will be.
• 10-Pay Life: Life-long protection paid for in 10 years. This may be a good policy to help with your business continuation needs if you own a business.
• 20-Pay Life: Life-long protection paid for in 20 years. This may be a great choice if you want to make premium payments during working years with no further payments after you retire.
• Life Paid at 65: With equal premium payments made up to age 65, this could be an excellent way to have a paid-up policy in retirement.
• Single-Premium Whole Life: One lump sum payment provides a paid-up policy that can be given as a gift to a child, grandchild, or another heir; just one way to transfer tax-advantaged money to the next generation.

Country Financial Universal Life Insurance

Country Life Insurance Company’s universal life insurance offers permanent coverage if you pay your premiums and don’t cancel the policy. It is a more affordable option than whole life coverage, with fewer benefits. Like term insurance, benefits can be added at an additional cost, such as waiver of specified premiums and child term insurance.

Burial & Final Expense Insurance

The average cost of a casket is over $2,000 and that does not include the price of the funeral service or burial. These are good options for people struggling to find a standard policy, particularly since pre-existing conditions affect life insurance availability.

Unfortunately, Country Life Insurance Company does not offer specific burial and final expense insurance, but funds from life insurance can be used for these services. If you’re worried about a pre-existing condition affecting your rates, you should consider some of the best life insurance companies for high-risk individuals.

Other Life Insurance Products

Country Life Insurance Company offers a variety of other products such as riders that can be added to your policy, insurance for children, and options for those on disability.

Life Insurance Riders

Life insurance riders are policy provision that adds benefits to or amends the terms of a basic insurance policy such as additional coverage. Riders come at an extra cost—on top of the premiums an insured party pay. There are riders that be added to term policies and whole policies with Country Life Insurance Company. Some riders that can be added to term life insurance are:

• Child term insurance – Term coverage for all of the insured’s children aged 0-17 with a $50,000 coverage limit. These policies are also convertible to a permanent policy when the children turn 23.
• Return of premium rider – Allows you to receive the premiums of the policy once the term ends and no claim was made.
• Disability waiver of premium – Allows you to keep the policy without paying premiums if you become disabled.
• Accelerated death benefit – Pays out part of the death benefit early if the insured is diagnosed with a terminal illness.

You can customize your Country Life Insurance Company whole life policy just like the term like policy. Some of the riders for the whole life policy include:

• Additional term insurance – Buy term life insurance for yourself or your spouse. This policy can also be converted to a whole life policy later.
• Guaranteed insurability option – Allows you to buy more coverage without medical exams with certain age and amount restrictions outlined in the policy.
• Index dividend feature – Gives you the chance to increase your dividend payment if its index is doing well and you’ve allocated the dividend to the index.

Next, we’ll learn how to get a quote with the company.

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How to Get a Quote Online with Country Financial

The best way to get a life insurance quote with Country Financial you simply go to the Country Financial website and type in your ZIP code to see if they are available in your area.

Once you type in your ZIP code you will be directed to a page to enter medical and personal information to establish a quote.

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Canceling Your Life Insurance Policy

With Country Life Insurance Company; canceling your policy is easy.  There is no cost to cancel your policy and depending on the date you cancel your policy, you may be entitled to a refund.

How to Cancel

Figuring out how to cancel life insurance might seem intimidating, but Country Financial makes it easy.

To cancel your policy with Country Life Insurance Company, you would simply call and speak to your life insurance representative.

How to Make a Claim with Country Financial

Making a claim with Country Life Insurance Company is easy, as most policy claims can be submitted either online or on the phone. The claims submission form can be found in the customer portal area “My Country,” where a variety of other services are available as well.

Claims forms can also be submitted via the online portal under the “My Country” tab. The Country Financial website also provides a checklist for customers when it comes to filing a claim.

If you’d rather speak with a real person, you can call the Country Financial claims phone number to contact a representative. Country Financial representatives can also help you with other questions, like understanding how life insurance beneficiary rules work.

Country Life Insurance Company is recognized by J.D. Power for continued outstanding customer service. Unfortunately for those wishing to compare Allstate vs Country Financial, unlike Allstate and USAA, there were no reviews listed for Country Life Insurance Company. The reviews reported were related to homeowners, car, and renters insurance.

(If you’re interested in Allstate insurance reviews, check out our Allstate life insurance guide.)

Country Financial’s Programs

Country Life Insurance Company offers a wide variety of products that go beyond explaining how life insurance works.

Combining your auto with Country Financial home insurance is a great way to save and bundle products. These products may help with future planning as well as financial freedom. Some products offered include:

• Financial Guidance which includes investments and planning for uncertain events
• Investments and Ammunities such as individual retirement and education planning.

Now let’s read about Country Financial’s website.

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Country Financial Website

Country Financial offers an app for both iPhones and Androids. The app holds account information as well as makes paying your bill easy.

The Country Life Insurance Company website is set up with basic information about the different types of policies offered as well as how to apply and make understanding life insurance a little easier. Once you are prompted to create an account you will then get a Country Financial login in which will allow you to access your account anywhere.

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About Country Financial Life Insurance

So, what does Country Financial do? This history of Country Financial, which began has Country Mutual, is very unique for an insurance company. Country Financial was started in 1925 in Bloomington, IL, by a group of farmers and began with selling fire and lighting insurance.

Country Financial added crop and farm equipment to there list of insurance. They added life insurance (Country Life Insurance Company) to the company in 1929, and the name later changed from Country Mutual to Country Financial due to the different types of insurances and holdings they were invested in. Country Financial has locations in 19 different states.

Is Country Financial the same as country companies? The Country Financial insurance group consists of multiple operating companies: Country Mutual Insurance Company. Middlesex Mutual Assurance Company.

Country Financial’s Ratings

Country Financial insurance reviews stand out among some of the best. Country Financial has ratings with the BBB and A.M’s best and is considered one of the best insurance companies.

A.M Best rating: As the most widely recognized financial rating service, A.M Best rated Country Financial Insurance an A+ (Superior).

Better Business Bureau (BBB): The BBB is known for providing top-notch information for both customer satisfaction and complaints and gives Country Financial Insurance rating of A+.

NAIC Complaint Index: The Country Life Insurance Company NAIC Complaint Index sits at a .06 — meaning Country Financial complaints are far fewer than the national average.

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Country Financial’s Market Share

Country Financial does not appear in the top 10 life insurance companies by market share. However, the company has a 0.26 percent market share value, which isn’t bad competitively speaking. Country Life Insurance Company has made great gains over the last several years.

Country Financial’s Online Presence

Country Financial Life Insurance uses social media sites such a Twitter, Facebook, and LinkedIn as well as a Country Financial blog to connect with customers and as a marketing tool. Marketing on social media is becoming more and more common with the growth of technology.

Country Financial’s Commercials

Country Financial has TV ads and commercials to promote the company and wants individuals to own their own future when it comes to financial planning. Having ads and commercials are a great way to promote the company and get customers interested in life insurance.

Country Financial offers a wide variety of insurance options as well as investment and retirement.

Country Financial wants to make sure you are prepared for the unexpected in life because it will happen.

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Country Financial in the Community

Country Financial is a company that gives back to its local community and first responders. Last year, Country Financial donated more than $600,000 to first responders in their communities as part of its Operation Helping Heroes effort.

Country Financial also made a pledge that in 2020, their reps will be investing $3 million across our local communities to first responders, military service members, and medical professionals.

Country Financial’s Employees

Country Financial is a small company, but it offers competitive pay and won’t let employees get lost in the shuffle. Country Financial offers a diverse and inclusive workplace. Employees receive competitive pay but many employee reviews stated that the premiums were too high, and they felt as though they were to push life insurance on everyone.

Country Financial is certified by Great Place to Work based on employee reviews. Many ask if Country Financial drug tests their employees, and the answer is yes; Country Financial is considered a drug-free workplace, and all employees are subject to a drug test.

You may wonder, is Country Financial a good company to work for? Well, Country Financial offers a wide variety of benefits to its employees, such as:

• 401(k)
• Paid Holidays / Vacation
• Life Insurance/Disability
• Company Pension Plan
• Education/Training/Tuition/Certification Reimbursement
• Flex-Time / Flexible Schedule

Does Country Financial drug test employees? It doesn’t appear they drug test prior to hiring.

Pros & Cons of Country Financial Life Insurance

So, how good Is Country Financial Insurance? Just like with any other company, there are pros and cons of having life insurance with Country Financial.

Pros of Country Financial Life Insurance

There are several pros that come with having life insurance with Country Financial. Some of these include:

• Offer different options for policies
• Offers additional riders
• Affordable to most people
• Offers a full complement of additional coverage options, including Country Financial auto insurance policies

Cons of Country Financial Life Insurance

There are very few cons when it comes to Country Life Insurance Company, such as:

• Not available in all states
• No online quotes available

Now, we’ll review everything there is to know about Country Financial — maybe you already know it’s the company for you or maybe you want to read some Progressive insurance reviews or USAA insurance reviews to compare it to other popular options. Either way, here’s the bottom line.

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Country Financial Life Insurance: The Bottom Line

Country Financial offers a wide range of policies for those of all ages and in different stages of life. The company offers affordable whole, term and universal coverage policies to meet the ends of all individuals.

They also offer affordable rider options to add to current policies for just a small amount more each month. It offers great financial strength and stability as well as offering a downloadable free mobile app for phones and tablets. Making a claim online is easy, and customer service experts are always available to assist in the claims process.

So, let’s get to it — finding the best life insurance rates. Now that you’ve finished our Country Financial Life Insurance review, click on our FREE quote tool below to get started.

References:

1. https://www.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=62553&REALM=PROD
2. https://www.bbb.org/
3. https://www.glassdoor.com/Reviews/COUNTRY-Financial-Reviews-E17480.htm

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