Country Financial is an insurance company currently based out of Bloomington, Illinois. It started in downtown Chicago in 1925.
Beginning as a company for farmers, it initially only offered crop and farm equipment insurance. A few years later, Country Financial began offering auto insurance. In 1929, Country Financial added life insurance to the mix.
Country Financial has consistently earned high financial strength ratings from A.M. Best. This track record of high ratings is an indicator of Country Financial's stability and ability to meet its claims obligations.
These ratings are important to know when buying life insurance because you'll want to be sure the company will pay the death benefit when your beneficiaries make a claim.
Country Financial encourages customers to get life insurance so they can financially protect the ones they love. Country Financial offers three kinds of protection:
A term life policy is an easy and affordable option. Customers can choose a death benefit beneficiary who can use the life insurance money to help take care of their children, pay the mortgage, help pay for a college education, and settle debts.
Country Financial's term policies have length options of 10, 20, and 30 years. You can choose coverage amounts ranging between $50,000 and $1,000,000.
You can also customize your term policy with the following riders:
These riders offer additional protection and value to your policy to provide comprehensive coverage tailored to your needs.
Country Financial's permanent life insurance options are: whole and universal life insurance. Both policies last a lifetime as long as premiums are paid. These policies also accrue cash value that can be used as an asset while you're still living.
Country Financial's whole life policy offers five payment schedule options. You can pay level premiums until age 95, level premium for 10 years, level premium for 20 years, level premiums until age 65, or purchase a policy with a single lump sum. These options allow you to choose a payment plan that meets your needs.
You can customize your insurance policy with the same riders as the term policy, except the return of premium rider. Additional policy riders include:
Country Financial's whole life policy automatically includes an accelerated death benefit and the index feature riders.
Universal life insurance offers more flexibility with premium payments and cash value investment options. The policyholder also accepts more risk with the cash value accrual, which results in lower premiums.
Country Financial offers more limited information on its universal life insurance policies, but it includes an accelerated death benefit rider. You can also add child term life insurance or a waiver of specified premium (waives set portion of premium if you become disabled).
Country Financial doesn't just offer life insurance. It also offers financial services, including financial planning assistance, retirement services (e.g. IRAs, annuities) and 529 plans. It even offers employer-sponsored retirement plans.
Insurance shoppers can also find the follow insurance products at Country Financial:
Country Financial also offers identity theft protection.
Country Financial only offers its products in 19 states: Alabama, Alaska, Arizona, Colorado, Georgia, Idaho, Illinois, Iowa, Kansas, Minnesota, Missouri, Nevada, North Dakota, Oklahoma, Oregon, Tennessee, Washington, and Wisconsin.
If you do not live in one of these states, you'll need to find another insurance company.
You can request a quote online from Country Financial's site. However, you cannot see the online quote. Instead, you must provide contact information, and a Country Financial representative will get in touch with the requested quote information.
While this is annoying, remember that life insurance policies go through underwriting to determine the risk of insuring your and the cost at which the insurer is willing to assume the risk. Underwriting factors include medical history, age, gender, and lifestyle.
Life insurance can be tricky to navigate, so it can be nice to work with a knowledgeable representative to get answers to your questions. Keep in mind that the representative works for Country Financial, so they're interested in helping you buy a Country Financial insurance policy.
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