Country Life Insurance Company, Illinois: Overview, Contacts, Services, Finances, Coverage, Claims, Compliance, Employment, Reviews

A subsidiary of Country Financial group of companies that offer insurance and financial services in the United States.

An image illustration of Country Life Insurance Company
Country Life Insurance Company: Safeguarding Your Tomorrows with Trusted Coverage.

In this blog post, we will review Country Life Insurance Company and its products, services, and customer experiences.

We will also provide some basic information about the company and answer some frequently asked questions.

Company Overview

History And Founding Year: Country Financial was founded in 1925 as a fire and lightning insurance company for Illinois farmers.

Today, it has over 3,000 employees and 2,000 financial representatives, serving more than one million households and businesses in 19 states.

CEO And Leadership Team: The CEO and president of Country Financial is Jim Jacobs, who joined the company in 1984 and assumed his current role in 2019.

The leadership team consists of 10 senior vice presidents who oversee different areas of the business, such as marketing, operations, finance, legal, and human resources.

Market Share and Company Size: Country Financial has a market share of 1.7% in the U.S. life insurance industry, ranking 23rd among the top 25 life insurers in 2020.

The company has $17.1 billion in assets and $3.5 billion in annual revenue as of 2019.

It also has an A+ rating from A.M. Best, indicating its strong financial strength and ability to meet its obligations to policyholders.

Country Life Insurance Company Contacts

Phone Number Address Customer Service contact Policy details Email address Fax number Operating hours
(309) 821-3000 1701 N Towanda Ave, Bloomington, IL, 61702 (866) 268-6879 Life Insurance Products Contact Form (309) 821-3168 Monday-Friday: 8:00 AM – 5:00 PM (CT)

Country Life Insurance Company Services & Products

The company offers various types of insurance products, such as term life, whole life, universal life, and annuities.

It also provides special packages or bundled services, such as auto and home insurance discounts, multi-policy discounts, and legacy discounts for loyal customers.

Additionally, it offers international coverage for travelers who need emergency medical or evacuation assistance while abroad.

Furthermore, it has temporary or short-term policies for people who need coverage for a specific period of time or a specific event, such as mortgage protection or income replacement.

Country Life Insurance Company Financial Details

Some general information are as follows:

 

Country Life Insurance Company Coverage Details

Some general information are as follows:

An infographic illustration of Country Life Insurance Company Coverage Details

Country Life Insurance Company Claims

The claims process are as follows:

An infographic illustration of Country Life Insurance Company Claims Process

Country Life Insurance Company Legal Compliance

    • The terms and conditions outline the rules and regulations that govern the use of the insurer’s website and online services.

They also include disclaimers, limitations of liability, indemnification, arbitration, and other legal provisions that apply to the relationship between the insurer and its website users.

The Company’s Renewals and cancellations

  • For term life policies, the policyholder can renew the policy at the end of the term without medical underwriting, but the premium rates will increase based on the age of the policyholder.
    • The cancellation policy and fees vary depending on the type of policy and the state of residence.
  • For term life policies, there is no cancellation fee or penalty, but there is no cash value or refund of premiums paid.
    • The grace periods are 31 days for term life policies and 61 days for whole life and universal life policies.

Country Life Insurance Company Employment and Careers

An infographic illustration of Country Life Insurance Company Employment and Careers

The company culture is based on its core values of:

The insurer strives to create a diverse and inclusive workplace that fosters collaboration, learning, growth, and recognition.

The Company’s Customer Experience

    • The overall ratings range from 2.5 to 4.5 stars out of 5 stars based on different criteria such as customer service, claims process, price, coverage, and satisfaction.

FAQs

What is term life insurance?

Term life insurance is a type of life insurance that provides coverage for a specific period of time or term (e.g. 10 years, 20 years).

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