Cincinnati Insurance Company Life Insurance Review & Ratings (2021)
The Cincinnati Insurance Company offers multiple insurance types, including term, universal, and whole life insurance. The Cincinnati Life Insurance Company has an A.M. Best rating of A+ and an NAIC complaint index of only 0.16. Read more about Cincinnati life insurance policies to see if they're right for you.
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Written by
Chris Tepedino
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Reviewed by
Laura Walker
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UPDATED: Apr 12, 2021
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Cincinnati Life Insurance Companies offer coverage in multiple areas, including life, auto, home, and more. Below, we’ll discuss the Cincinnati Insurance Company and its life insurance policies.
Before you begin reading this Cincinnati Insurance Company life insurance review, enter your ZIP code into our free quote comparison tool above to compare life insurance quotes from companies near you.
Table of Contents
What life insurance products does the Cincinnati life insurance company offer?
Cincinnati Insurance Company offers term, universal, and whole life insurance. However, the company website lacks quite a bit of detail about the products. We’ll cover what we know.
Term Life Insurance
Cincinnati term life insurance is a non-permanent life insurance policy that offers death benefits for a specified period. Cincinnati Insurance offers two different term life plans: Termsetter and Termsetter ROP.
The Termsetter plan is available in 10-, 15-, 20-, 25-, and 30-year terms. Termsetter ROP is available in 20-, 25-, and 30-year terms. If your Termsetter ROP policy is in force and you are living, the base premium is returned to you at the end of the term.
Term life insurance may be the right choice for someone who only needs life insurance temporarily, such as if they’re working a more dangerous job than usual, or for those who want more affordable life insurance. This Business Insider article will give you an idea of what some dangerous jobs in America are.
Universal Life Insurance
Universal life insurance is a permanent life insurance policy (up to age 121) that offers tax-deferred cash value accumulation. Cincinnati offers Heritage UL for individuals 18 and over and Pivot UL for individuals under 18.
You have the option of customizing your universal life policy by changing death benefit amounts, adding riders, and borrowing from the cash value of your policy.
Cincinnati also offers a policy that acts as a combination of universal life insurance and term life insurance. You can choose between periods up to age 121, pay a level premium, and still get access to a limited amount of cash value accumulation.
Whole Life Insurance
Whole life insurance is a permanent life insurance policy that offers level premiums and death benefits. You will have access to cash value accumulation, and Cincinnati won’t cancel your policy as long as you pay your premiums.
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How much is Cincinnati life insurance?
Unfortunately, Cincinnati life insurance rates are not available on its website. To give you an idea of what you might pay for life insurance, let’s take a look at rates from some of the top life insurance companies:
| Age, Gender, and Marital Status | New York Life Average Annual Rates | Lincoln National Average Annual Rates | Prudential Financial Average Annual Rates | MassMutual Average Annual Rates | Aegon/Transamerica Average Annual Rates | John Hancock Average Annual Rates | State Farm Average Annual Rates | Average Average Annual Rates |
|---|---|---|---|---|---|---|---|---|
| Single 25-Year-Old Female | $158.00 | $187.00 | $195.00 | $132.00 | $164.00 | $172.50 | $143.00 | $144.07 |
| Single 25-Year-Old Male | $152.00 | $231.00 | $237.00 | $147.00 | $176.00 | $178.30 | $164.00 | $160.19 |
| Married 45-Year-Old Female | $262.00 | $239.00 | $314.00 | $209.00 | $229.00 | $241.50 | $238.00 | $213.50 |
| Married 45-Year-Old Male | $245.00 | $283.00 | $378.00 | $230.00 | $255.00 | $292.10 | $239.00 | $240.44 |
| Single 65-Year-Old Female | $924.00 | $903.00 | $941.00 | $763.00 | $1,139.00 | $937.30 | $684.00 | $801.04 |
| Single 65-Year-Old Male | $1,416.00 | $1,577.00 | $1,412.00 | $1,049.00 | $1,367.00 | $1,380.00 | $955.00 | $1,171.57 |
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Remember that life insurance rates can differ based on many different factors, including age, gender, health, location, and more.
What is Cincinnati Insurance Company?
Four independent insurance agents founded the Cincinnati Insurance Company in 1950. The company is now headquartered in Fairfield, Ohio and sells its products through independent agents.
The company owns multiple subsidiaries, one of which is the Cincinnati Life Insurance Company, the subsidiary responsible for selling life insurance policies.
Because of Cincinnati Insurance Company’s work with independent insurance agents, the company prides itself on building relationships with its customers and offering excellent customer service.
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Are Cincinnati Insurance Company ratings positive?
Cincinnati Financial Corporation, the parent company for Cincinnati Life Insurance Company and other Cincinnati Insurance Companies, has an A+ rating from the BBB. Only four complaints have closed in the past year, and the company has a 1.57/5 star rating.
Cincinnati Financial Corporation has a long-term issuer credit rating of a from A.M. Best, meaning they have an excellent ability to meet long-term financial obligations.
The Cincinnati Life Insurance Company has an overall financial strength rating of A+ from A.M. Best, meaning they have a superior ability to meet financial obligations, such as paying claims.
The Cincinnati Life Insurance Company has an NAIC complaint index of only 0.16, far below the national median of 1.00. This means they get significantly fewer complaints than companies of a similar size.
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How can I get a quote or file a claim?
Cincinnati life insurance quotes are not available online. To get a quote, you will have to contact an agent that sells Cincinnati Life Insurance Company products.
To file a life insurance claim, you can either contact your insurance agent who can help you with the process or call Cincinnati Insurance Companies at (888) 212-6970.
How can I contact Cincinnati Insurance Company?
The Cincinnati Insurance Company customer service phone number for life insurance policyholders is (800) 783-4479. Potential customers can make general inquiries by calling (513) 870-2000 or (888) 242-8811.
Cincinnati Insurance Companies is headquartered at 6200 S. Gilmore Road, Fairfield, OH 45014. The mailing address is PO Box 145496, Cincinnati, OH 45250.
Should I buy Cincinnati life insurance?
Overall, it seems that Cincinnati life insurance may be a good fit for some. They offer basic coverage types, and their universal life insurance makes it easy to customize your policy.
Working with agents, the company has made it so you can build a one-on-one relationship with your chosen contact. However, this also makes it a tad more difficult to get quotes or ask questions about the policies.
Some individuals may also find that Cincinnati life insurance is not available in their state.
It is always good to compare quotes and policy details from multiple companies before deciding which company to buy from. Now that you’ve finished this Cincinnati Insurance Company review, enter your ZIP code into our free quote comparison tool below.
Rude
when called the company got passed to someone else, instead of answering my questions. Did a rate increase without knowing why.
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Worst Insurance customer service ever
Cincinnati cancelled just my homeowners, not auto or umbrella, two weeks prior to renewal due to their inability to provide proper billing and communication for $88 jewelry schedule after paying them over $7,000 over two years.
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No loyalty to long-time custiomers
After 40 loyal years with the Cincinnati Insurance Company and only a couple of claims, your company gives me 30 days notice and drops my coverage because I have…get this…too many sheep in my flock. I’ve had basically the same flock size (15-20) for the past nine years. Nothing had changed.
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Amazing company when you need it the most
when I went to file my claim I was scared to find myself in a bad spot left out to dry because of prior experience with insurance providers. I felt taken care of and that I had a company looking out for me for once, I would recommend Cincinnati to anyone
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