Continental Life Insurance Company Review (2024)

Continental Life Insurance Company is connected to Aetna health insurance services. The Aetna Senior Products website lists the company as Continental Life Insurance Company of Brentwood, Tennessee. When you buy Continental Life Insurance policies, you’ll be connected to Aetna’s services.

Are Continental term life insurance quotes available across the nation? Our comprehensive guide will help you find Continental Life Insurance quotes and explain other details about the company.

If you want to see if Continental Life Insurance Company appears as a quote in your area, enter your ZIP code to compare multiple companies. You may find a company with better life insurance rates.

What is the history of Continental Life Insurance Company?

Continental Life Insurance wasn’t always part of Aetna. It was established in 1983 and managed to accumulate over $132 million in total assets by June 2005. It started underwriting for Aetna Senior Products, such as supplemental medical coverage and life insurance.

CNA Financial is often confused with Continental Life Insurance, but the two companies are different. There’s a company called Continental Casualty Company under CNA Financial. Although it has continental in its name, it’s not the same company.

How much money did Continental Life Insurance Company earn last year?

According to Dun & Bradstreet, Continental Life Insurance Company of Brentwood, TN earned $1.45 million in 2020, which is nearly a $6 million decrease from 2019.

Let’s look at a quick summary of Continental Life.

The drops in premium written are due to the COVID-19 pandemic and potential consumers looking toward more prominent companies. If the conditions of everyday life change in 2021, this company may see an increase in policies.

Are the company’s rates affordable?

Despite its connection to Aetna, Continental Life Insurance Company doesn’t talk about its life insurance rates per month. Like most small companies, you can only get life insurance rates through the company’s agent or customer service representative.

What coverages are available at Continental Life Insurance Company?

Continental Life provides life insurance and health insurance. Since it’s unclear if the Continental Life Insurance Company provides coverage in states outside Tennessee, your best option is to contact Aetna about getting coverage. Continental Life agents may connect you to Aetna if they can’t provide you with a policy.

Continental Life Insurance Review: Financial Strength and Credit Risk Ratings

Although Continental Life Insurance is a small company, it has acquired an A.M. Best rating and a customer grade from the Better Business Bureau. Let’s go through both grades in the subsections below.

A.M. Best

The most reliable grade a company can get is through A.M. Best. However, companies must participate in A.M. Best ratings to receive a grade. Continental Life received an “A” from A.M. Best. Since Aetna has received a superior rating from A.M. Best, Continental Life Insurance benefits from the rating.

An “A” with A.M. Best means the company has a stable financial outlook, and the company has a superior ability to follow through to satisfy customers.

Better Business Bureau (BBB)

The BBB shows us how companies correspond to customers. Unfortunately for Continental Life, the company was graded a “D-.” Continental Life Insurance Company has under 10 complaints and appears to be inactive on the BBB site.

Many consumers use the BBB to verify whether a company is legitimate, but it’s essential to look at other reviews to ensure that you make the right decision when buying life insurance.

Continental Life Insurance Company: The Bottom Line

There’s not a lot of information about Continental Life Insurance Company. All reliable policy information leads to Aetna, where you’re likely to find the answers to all your questions.

Continental Life appears to be a company specifically for Tennessee residents. It’s not unusual. Many small insurance companies provide insurance inside their home state. For the best life insurance companies, you’ll need to shop around.

Start shopping around for reliable life insurance outside of the Continental Life Insurance Company by entering your ZIP code in the FREE comparison tool below.