Country Investors Life Assurance Company (Illinois); Contacts, History, Services, Financials, Legal Compliance, Reviews, Benefits and FAQs

Country Investors Life Assurance Company, based in Bloomington, Illinois, offers top-notch life insurance and annuity products. It’s a part of Country Financial, a Fortune 500 company.

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Country Investors Life Assurance Company (Illinois)

Country Investors Life Assurance Company, headquartered in Bloomington, Illinois, is a subsidiary of Country Financial, a mutual insurance and financial services company.

They offer different life insurance products, such as whole life, term life, and universal life insurance, as well as variable life insurance and variable annuities.

This company is licensed to operate in all 50 states and the District of Columbia. A.M. Best, an independent rating agency, rates them as A+ (superior) for financial strength.

History

Back in 1925, it began as Farmers Mutual Reinsurance Company, serving as a reinsurance company for county Farm Bureaus in Illinois.

In 1929, the company changed its name to Country Life Insurance Company. Finally, in 1986, it adopted the name it carries today, Country Investors Life Assurance Company.

Contact Information

Company Name Country Investors Life Assurance Company
Address 1705 N. Towanda Avenue
Bloomington, IL 61702-2020
Phone (866) 268-6879
Website https://www.countryfinancial.com/

Products and Services

Country Investors Life Assurance Company (Illinois) provides a range of life insurance products:

  • Whole life insurance: This insurance offers lifelong coverage and accumulates cash value over time.
  • Term life insurance: It provides coverage for specific timeframes, typically 10, 20, or 30 years.
  • Universal life insurance: This insurance offers flexible coverage and cash value options.
  • Variable life insurance: Combining life insurance coverage with the potential for investment growth.
  • Variable annuities: offer potential tax-deferred growth and retirement income.

The company also offers other products and services such as annuities, retirement planning, investment services, disability insurance, and long-term care insurance.

Financial Strength

Country Investors Life Assurance Company holds an A+ (superior) financial strength rating from A.M. Best, indicating its strong financial position and capability to fulfill obligations to policyholders.

Legal Compliance

Country Investors Life Assurance Company (Illinois) is dedicated to following all the laws and rules that apply to it. The company has a special team that watches over and enforces its compliance plan.

This plan covers different areas, including how the company:

  1. Sells its products.
  2. Markets and advertises its services.
  3. Handles your privacy.
  4. Prevents illegal money activities.
  5. Stops fraud.
  6. Makes new products.

The company’s compliance team often checks this plan to make sure it works well and keeps up with the company’s needs and the industry’s changes.

State insurance regulators also keep an eye on Country Investors Life Assurance Company. They look at its finances, how it sells things, and how it handles claims.

Country Investors Life Assurance Company wants to give its policyholders high-quality products and services in a way that follows the rules.

Here are some examples of how Country Investors Life Assurance Company follows the law:

  1. It has a rule to not lie about its products or services.
  2. Its salespeople must be licensed and keep learning about sales and following the rules.
  3. The company’s ads and materials are checked by the compliance team before they go out.
  4. The privacy policy helps protect your personal information.
  5. There’s a program to stop illegal money and other financial crimes.
  6. It also has a plan to catch and stop fake claims.
  7. The compliance team checks new products to be sure they follow the rules.

Benefits of choosing Country Investors Life Assurance Company (Illinois)

  1. Financial Strength: We have a solid financial foundation.
  2. Excellent Customer Service: We’re here to assist you.
  3. Competitive Rates: Get great value for your money.
  4. Wide Product Range: We cater to your family’s unique needs.
  5. Financial Goals Commitment: We’re dedicated to helping you reach your financial dreams.

The Importance of Life Insurance and Annuities

Life insurance is a crucial part of your financial plan. It provides financial security for your loved ones if you pass away. It can also cover funeral costs and debts.

Annuities are a financial tool for saving and boosting retirement income. They offer benefits like tax-deferred growth, guaranteed payments, and death benefits.

Frequently Asked Questions (FAQs)

What Types of Life Insurance Does Country Investors Life Assurance Company Offer?

Country Investors Life Assurance Company offers various life insurance products, including whole life, term life, universal life, variable life insurance, and variable annuities.

What Are the Benefits of Buying Life Insurance from Country Investors Life Assurance Company?

Choosing Country Investors Life Assurance Company means selecting a financially robust company with a strong customer reputation.

They provide a broad range of competitively priced life insurance products and are known for their good customer service.

How Do I File a Claim with Country Investors Life Assurance Company?

To file a claim, you can contact Country Investors Life Assurance Company at 1-866-COUNTRY (866-268-6879) or submit a claim online through your Country Financial account.

How Long Does It Take Country Investors Life Assurance Company to Pay a Claim?

Typically, Country Investors Life Assurance Company processes and pays claims within 10 business days once they have all the required documentation.

What Are Common Complaints About Country Investors Life Assurance Company?

Although some customers have experienced long customer service wait times and challenges with claims approval, such complaints are relatively infrequent. The overall reputation of the company is positive.

Is Country Investors Life Assurance Company a Good Choice for Life Insurance?

Yes, Country Investors is a solid choice for life insurance.

With strong financial stability, a good customer reputation, and a wide selection of competitively priced life insurance options, it’s a trustworthy option.

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