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Cincinnati Insurance Review
The key to finding the right company for your life insurance needs is to have options. TermLife2Go works with dozens of different companies. We focus on the unique health and lifestyle niches of each company and align our clients with the company best suited for each client. That is how we find our clients the lowest whole and term life insurance rates by age.
We are not Cincinnati Financial Corporation. If you need to reach the company you can visit the company online at www.cinfin.com.
About Cincinnati Insurance
The Cincinnati Insurance Company is a part of Cincinnati Financial Corporation which is a publicly traded company headquartered in Ohio. Under The Cincinnati Insurance Company umbrella are four subsidiaries. The Cincinnati Life Insurance Company focuses on life and disability income insurance and annuities.
As of 2014, Cincinnati Financial had more than $18.5 billion in assets. The Company operates through independent agencies, strategically selected from around the country. As of March 2016, TermLife2Go does not currently represent Cincinnati Life Insurance Company.
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Ratings of The Cincinnati Insurance Companies
Financial institutions such as life insurance companies are often rated by third party rating organizations. These rating organizations set out to provide accurate and reliable information about the financial health and security of life insurance companies.
One of the most prominent rating agencies in the United States is A.M. Best Company. A.M. Best has issued Cincinnati Insurance Companies an A+ (Superior) rating. This is a great rating for a life insurance company, and says a lot about their operations and financial policies. On average, only the top 10% of the companies that AM Best rates wind up with a rank in the superior category. This is a clear sign that Cincinnati Financial is a strong, reliable financial institution.
The Cincinnati Life Insurance Company Products
Like most life insurance companies, Cincinnati Insurance Companies offers three main types of life insurance policies: term, universal life, and whole life
This is a really affordable type of life insurance, primarily because it only covers you for a specific amount of time. You can buy a level term life insurance policy that offer coverage for 10, 15, 20, 25 and 30 years.
The company also offers return of premium life insurance that includes return of premium for 20, 25 and 30 year term ROP life insurance. At the end of the term, assuming you don't die, you receive all your premiums back.
Life Horizons Simplicity and LifeSetter UL:
Your life needs change, and with a universal life insurance policy, so can your coverage. If you need more life insurance coverage, then you can up your coverage. If you feel it’s time to cutback, then reduce coverage. Universal Life insurance policies guarantee coverage until 120 years old.
LifeHorizons Guaranteed Whole Life:
If you want to be sure that your loved ones receive a certain amount for a policy pay out—no matter what—then a whole life insurance policy is the way to go. Cincinnati Insurance whole life coverage comes with a lot of guarantees: guaranteed premiums, guaranteed cash value growth, and guaranteed paid up values.
Permanent life insurance for estate planning and business succession, such as funding buy-sell agreements, is recommended. These are a few of the instances in the whole life vs term life insurance debate where it makes sense to choose coverage that lasts the rest of your life.
Conclusion about Cincinnati Insurance Companies
Cincinnati Insurance Company is a solid and reliable choice when you’re choosing a life insurance policy. It has a good reputation in the market and you’ll be hard-pressed to find anyone who has had major issues with the company. As mentioned, Cincinnati Insurance has great ratings which reflects on their overall health and ability to deliver on its promises.
Are there any drawbacks to choosing Cincinnati Insurance?
If you purchase a policy from Cincinnati Insurance you are in good hands. Cincinnati Insurance may be the best choice; but for some, another option may be superior. The trick is knowing whether or not Cincinnati Insurance is the best, and that can be tough to figure out.
Life insurance companies each have their own process and way of analyzing information prior to underwriting a policy. They consider variables such as your weight, family history, and even career. Each life insurance company gives these variables different importance and some companies will flex on certain health issues, while other companies view the same health issues through a completely different lens. With so many variables, it can be daunting to attempt to figure out which life insurance company is going to offer the best life insurance coverage.
When in doubt, give them a call. Speak with a Cincinnati Insurance agent and see what they have to say. But don’t stop there. After you see what Cincinnati Insurance is going to offer you, call us at TermLife2Go.
We are a third party organization with no interest in pushing any particular life insurance company over another—our only goal is to see you with the best and most affordable life insurance coverage. While we do not work with Cincinnati Insurance, we do work with dozens of top rated best life insurance companies in the United States, including life insurance with no medical exam. We can help you figure out which company is the best for you, and then you can compare that to what Cincinnati Insurance has to offer.
Then, make a choice.
In some instances, Cincinnati Insurance is definitely going to be the front-runner. In others, however, another life insurance company may be more suitable. Wouldn’t you like to know which life insurance company is the best for you before you purchase a policy?
So, what are you waiting for? Give us a call today or visit our Life Insurance Quotes page and see what we can do for you!