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Country Financial Life Insurance Review

Country Financial Life Insurance (review below) offers whole and term life insurance coverage for just about every stage of life. Get term life rates as low as $11.66/month for a $250,000 policy.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer...

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UPDATED: Jul 9, 2020

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

Country Financial Life Insurance Company Overview
Key InfoCompany Specifics
Year Founded1925
Current ExecutiveCEO - Jim Jacobs
Number of Employees3,868
Total Sales / Total Assets$15,025,000 / $36,329,000
HQ Address1701 N. Towanda Ave.
Bloomington, IL 61701-2057
Phone Number1-866-268-6879
Company Websitewww.countryfinancial.com
Premiums Written -Individual Life$2,506,391
Financial Standing$2,100,000
Best ForTerm & Whole Life Insurance
Get Your Rates Quote Now

Life insurance’s common purpose is to provide money for your family if something happens to you. With this Country Financial Life Insurance review (aka Country Life Insurance Company), you will see its low quotes and all the benefits offered. When shopping for life insurance, it is important to make sure you know what you want and what you want your insurance to cover.

There are over 1,000 different life insurance companies in the United States, so we know you will get whole or term life insurance rates by your age you will love and can afford, regardless if you pick Country Life Insurance Company or not.

Why wait to save money? Click on our FREE quote tool above for affordable life insurance rates, then check out our Country Financial Life Insurance review.

Average 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.

Country Life Insurance Company is among one of the lowest when it comes to rates by age.

Country Financial Average Monthly Term Life Insurance Rates – $250,000 Policy
Policyholder Age10-Year Term15-Year Term20-Year Term30-Year Term
25-Year-Olds$11.66$12.91$13.12$16.45
35-Year-Olds$12.70$14.79$16.45$23.74
50-Year-Olds$27.49$31.87$38.95$66.66
Get Your Rates Quote Now

Sample rates 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’s Life Insurance Policies

Country Life Insurance Company offers a wide variety 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.

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 income of the lost loved one.

Whole Life Insurance

Country Life Insurance Company offers whole life insurance costs that are competitive and affordable, and since it’s is permanent coverage, it lasts a lifetime. 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.

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 premium 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. Country Life Insurance Company does not offer specific burial and final expense insurance, but funds from life insurance can be used for these services.

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.

Country Financial Life Insurance Website Insurance Page

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

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

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

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How to Make a Claim with Country Financial

Making a claim with Country Life Insurance Company is easy, as most policy type 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.

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 relating 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. 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.

Design of Website/App

Country Financial offers an app for both phones 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 ratings 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 — below the national average of 1.00.

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.

Country Financial in the Community

Country Financial is a company about giving back to their 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 are 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 offers competitive pay and won’t let employees get lost 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 test their employees and the answer yes, Country Financial is considered a drug-free workplace and all employees and 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
  • Country Financial offers a full complement of insurance options, plus additional financial services, so you can address several needs under one company umbrella.

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 there 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.

Frequently Asked Questions: Country Financial Life Insurance

When it comes to life insurance and purchasing life insurance, there are always questions that come to mind. Here are some frequently asked questions regarding life insurance and Country Financial.

 #1 – What happens if I live past my term life insurance?

If you outlive your term life insurance policy, the funds are forfeit. The premiums from individuals who don’t die while their policies are in force ultimately support the generous payouts that insurance companies can pay to those who do

 #2 – Which is better, term or whole life?

Term life insurance provides life insurance coverage for a specific amount of time. Term life insurance plans are much more affordable than whole life insurance.

 #3 – How much life insurance do I need?

This will depend a lot on your specific circumstances. In general, though, you may want to buy enough insurance to cover your family’s financial needs, like the mortgage, any outstanding debts, education costs, and final expenses if something happens to you.

 #4 – Do I need life insurance for my child?

The younger you are, the more insurable you usually are – and the lower your rates will be. Whole life or universal life insurance can also be a great way to give your child a way to help protect their own family down the road or save for the future.

The cash value buildup could eventually be used to help with educations costs or retirement. And if the worst happened, a child’s policy could be used for final expenses, something that could be a financial strain otherwise.

#5 – What is the best auto insurance?

The best auto insurance is determined by what your needs are and what kind of coverage you are looking for.

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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