Cincinnati Life Insurance Company Review [2024]
Cincinnati life insurance products include multiple term and universal life insurance policy options. It sells whole life insurance as well.
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Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
UPDATED: Feb 23, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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.
UPDATED: Feb 23, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Cincinnati Life Insurance Company was founded in 1950 by four independent insurance agents
- The company sells a number of different insurance policies and is best known for its property and casualty insurance policies
- The company takes pride in the independent agent and strives to provide top-notch customer service at the local level
Cincinnati Life Insurance has been in business for over 70 years. This insurance company was founded by four independent insurance agents in Ohio, and they still value the power and local connection of independent agents in their communities.
Whether you’re looking for term life insurance quotes or property insurance, Cincinnati Life Insurance Company offers a number of different insurance policies for consumers to choose from.
We will only be focusing on the company’s life insurance offerings for this review, but it is important for you to know that Cincinnati Life offers a lot more than just life insurance.
Cincinnati is an insurance company with a lot to offer in terms of life insurance policies. We’re going to take a close look at the main policy options it offers consumers, and we’ll go over other important information about the company that we think you should know.
Are you ready to buy Cincinnati life insurance? Compare life insurance quotes online first to get the best rate. Enter your ZIP code above to compare life insurance quotes from top companies in your area.
What life insurance products does Cincinnati Life sell?
Cincinnati Life Insurance Company sells three main life insurance products to consumers. It sells term life insurance, whole life insurance, and universal life insurance. The life insurance coverage that is best for you will depend on your needs.
We’ll take a closer look at the details of these Cincinnati life insurance policies and help you figure out which policy option is the best fit for your current and future needs.
Remember that life insurance is important coverage for almost everyone to have, and even if you think you don’t need it, you likely do.
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What term life insurance products does Cincinnati offer?
Cincinnati Life Insurance sells two types of term life insurance. It has the “Termsetter” and the “Termsetter Return of Premium (ROP).” The Termsetter policy is available with periods of 10, 15, 20, 25, and 30 year terms. The Termsetter ROP is only available with 20, 25, or 30 year terms.
Term life insurance expires at the end of the term, so this coverage is great for people who are looking for short-term or medium-length life insurance coverage.
This type of policy is great for working families who want to protect a source of income in the event of an untimely death or cover a debt like a mortgage.
The Termsetter ROP is an interesting product because the premiums paid for the insurance coverage will be returned to you at the end of the policy if you are still alive and the policy is still in force. This also explains why these policies are not available in shorter terms.
Cincinnati’s term life insurance policies have competitive rates when compared with other providers. Take a look at the table below to compare Cincinnati life insurance rates with the competition.
Monthly Life Insurance Rates by Company, Product, and Age for Females
| Companies | Product | 30-Year-Old Female | 35-Year-Old Female | 40-Year-Old Female | 45-Year-Old Female | 50-Year Old Female | 55-Year-Old Female | 60-Year Old Female |
|---|---|---|---|---|---|---|---|---|
| Accordia Life | Term Life | $16 | N/A | $21 | N/A | $40 | N/A | $89 |
| AIG | Select-A-Term | $11 | $12 | $15 | $20 | $27 | $38 | $57 |
| ANICO | Signature Term | $12 | $13 | $15 | $20 | $27 | $37 | $56 |
| Assurity | Term Life | $11 | $14 | $18 | $23 | $34 | $49 | $73 |
| Banner | OPTerm | $10 | $12 | $15 | $19 | $27 | $41 | $64 |
| Cincinnati | Termsetter | $13 | $15 | $17 | $20 | $27 | $38 | $57 |
| Fidelity Life | Term Life | $16 | N/A | $23 | N/A | $46 | N/A | $58 |
| John Hancock | Vitality Term | $12 | $13 | $15 | $20 | $24 | $38 | $51 |
| Liberty Mutual | Term Accel | $11 | $11 | $14 | $19 | $26 | $35 | $51 |
| Lincoln National | LifeElements | $16 | $17 | $21 | $28 | $37 | $51 | $75 |
| MassMutual | Vantage Term | $12 | $13 | $15 | $22 | $29 | $40 | $59 |
| Minnesota Life | Advantage Elite | $13 | $13 | $16 | $23 | $31 | N/A | N/A |
| Mutual of Omaha | Term Life Answers | $12 | $13 | $17 | $20 | $27 | $38 | $57 |
| Nassau Life | Term Life | $16 | N/A | $23 | N/A | $42 | N/A | $89 |
| Nationwide | YourLife | $13 | $13 | $16 | $20 | $27 | $37 | $62 |
| North American | ADDvantage | $12 | $12 | $15 | $20 | $27 | $38 | $54 |
| Pacific Life | Promise Term | $11 | $11 | $14 | $19 | $25 | $34 | $50 |
| Principal | Term Insurance | $11 | $11 | $14 | $19 | $26 | $35 | $51 |
| Protective | Classic Choice | $10 | $11 | $13 | $19 | $25 | $34 | $50 |
| Protective | Custom Choice UL | $11 | $11 | $14 | $20 | $26 | $36 | $52 |
| Prudential | Term Essentials | $18 | $18 | $21 | $28 | $38 | $41 | $59 |
| Sagicor | Accelerwriting Term | $11 | $11 | $15 | $20 | $37 | $49 | $64 |
| SBLI | Level Term | $10 | $11 | $13 | $19 | $27 | $36 | $54 |
| Symetra | Term 3.0 | $12 | $12 | $14 | $20 | $26 | $38 | $53 |
| Transamerica | Trendsetter Super | $11 | $12 | $16 | $21 | $30 | $47 | $72 |
| Transamerica | Trendsetter LB | $12 | $13 | $18 | $22 | $32 | $49 | $81 |
Read more: Assurity Life Insurance Review
What whole life insurance products does Cincinnati offer?
Whole life insurance differs from term life insurance in a few key ways. Whole life insurance does not expire; it lasts a lifetime. Whole life insurance also has a cash value component that grows over time and can be borrowed against.
Cincinnati’s whole life insurance premiums stay level for the duration of the policy, even if your health changes. The cash value of these types of policies is tax-deferred.
Cincinnati life offers guaranteed paid-up values on whole life insurance products, so you can choose to stop paying your premiums at any time and keep the whole life coverage you have paid for up to that point.
Whole life insurance policies are more expensive than term life insurance policies, but they are great for people who are looking to ensure coverage for a lifetime, build a cash value, set up estate conservation, or even donate money to charity when they pass.
What universal life insurance products does Cincinnati offer?
Cincinnati Life Insurance Company sells a few different universal life insurance products.
Universal life insurance is a type of permanent life insurance that is very similar to whole life policies. However, universal life insurance gives policyholders more options when it comes to premium payments and death benefits.
This type of coverage is great for people who want the lifetime protection of whole life insurance but can’t afford the premiums of whole life insurance. Universal life insurance policies allow consumers to adjust their premiums and their death benefits to meet their financial needs of the moment.
Cincinnati sells three different types of universal life insurance coverage:
- Pivot designed for children under 18.
- Heritage is universal life insurance for people 18 and over.
- LifeSetter Flex is a universal life insurance policy with limited cash growth and lower premiums more akin to term policies.
LifeSetter Flex is perfect for people who are not sure if they can afford the premiums of permanent life insurance but want their life insurance coverage to last a lifetime.
Your life insurance quotes are always free.
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Your life insurance quotes are always free.
Secured with SHA-256 Encryption
What is the financial strength of Cincinnati Life Insurance?
Cincinnati Life Insurance Company has a financial strength rating of A+ from independent reviewer A.M. Best. This means the company is financially strong and likely able to pay for its benefits in a timely manner.
Case Studies: Exploring Cincinnati Life Insurance’s Policy Options
Case Study 1: Term Life Insurance for Working Families
John and Sarah, a married couple with two children, were concerned about the financial security of their family in case of an untimely death. They decided to explore term life insurance options and found Cincinnati Life Insurance’s Termsetter policy suitable for their needs.
With a 20-year term, they could ensure a source of income for their children and cover their mortgage in the event of a tragedy.
Case Study 2: Whole Life Insurance for Long-Term Coverage
Emily, a 35-year-old professional, wanted a life insurance policy that would last a lifetime and provide additional benefits. She opted for Cincinnati Life Insurance’s whole life insurance, attracted by the policy’s cash value component and guaranteed paid-up values.
This policy allowed Emily to secure coverage for her entire life, build cash value, and have flexibility in premium payments.
Case Study 3: Universal Life Insurance for Financial Flexibility
Mark and Lisa, a young couple starting a family, wanted life insurance coverage that could adapt to their changing financial needs. They chose Cincinnati Life Insurance’s LifeSetter Flex, a universal life insurance policy that offered flexible premiums and death benefits.
This policy allowed them to adjust their coverage as their financial situation evolved, providing them with peace of mind.
Cincinnati Life Insurance: What’s the Bottom Line?
Cincinnati offers a number of life insurance products for consumers to choose from. This company values the personal relationships between agents and their communities, and it is a financially strong company. If you’re looking for quality life insurance, this company is not a bad choice.
If you’re ready to buy Cincinnati life insurance, enter your ZIP code below to compare life insurance rates from the top companies in your area.
Your life insurance quotes are always free.
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Frequently Asked Questions
What life insurance does Cincinnati Life offer?
Cincinnati offers term, whole, and universal life insurance.
What are the term life options?
Termsetter and Termsetter ROP, with various term lengths.
What about whole life insurance?
Lifetime coverage with level premiums and cash value.
What universal life options are available?
LifeSetter Flex, Accumulator, and Protector for flexible premiums and death benefits.
How financially strong is Cincinnati Life?
They have an A+ rating from A.M. Best.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
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.
