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CMFG Life Insurance – Company Review

CMFG Life Insurance
Insurance Quotes 2 Day Team

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University, a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA and Top of the Table member of the Million Dollar Round Table (MDRT). Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

 5 minute read

Columbian Mutual Financial Group (CMFG) which is a subsidiary of Columbian Mutual Life has roots that go back more than 130 years now. This financial conglomerate has always targeted and serviced hard-working families to help them manage their everyday financial needs.

The company originally started out as the American Protective Association and operated from their home office in Brooklyn, New York. Then, in 1907 the company name was changed to the Columbian Protective Association. Like many other U.S. insurers, the company decided to begin operating as a mutual company and answer to its policyholders rather than shareholders. The company soon began operating in all 50 states until finally merging with Unity Mutual Life Insurance to pick up assets totaling $1.4 billion and operating capital of more than $100 million.

CMFG Life Insurance Financial Ratings

Life insurance shoppers should consider the financial stability of life insurers along with other important factors before reaching a buying decision. Although most life insurance shoppers target monthly premiums as a deciding factor, we encourage shoppers to take into consideration that they are purchasing a product that their beneficiary and surviving loved ones are likely to depend on many years in the future. CMFG ratings are as follows:

Rating ServiceCurrent Rating
A.M. Best Rating ServicesA – Excellent
Standard & Poor’sA
Comdex Score96

These ratings are solid evidence that CMFG Life Insurance will have the ability to pay the claim on your life when your surviving loved ones need it.

CMFG Life Insurance Products

CMFG Life offers a complete portfolio of permanent and term insurance products to meet the needs of their clients and prospective clients.

Caring Solutions/Parmaster

CMFG Life’s Caring Solutions plan is a whole life insurance policy with a unique design when compared to other U.S. insurers. Agents consider this plan that will accommodate four adults and all eligible children in the household to be a solid family life insurance plan. Caring Solutions offers face amounts of $20,000 to $99,999 and applicants can add several optional riders to broaden their coverage.

  • Waiver of Premium – This rider provides for the insurance company to waive the periodic premiums if an insured becomes totally disabled for a period of 6 months or longer.
  • Other Insured Rider – Applicants can use this rider to add three additional insureds with term insurance as long as insurable interest is presented. Coverage is provided up to age 65.
  • Children’s Term Rider – The children’s term rider provides level term insurance on eligible children up to age 25. This includes natural born, adopted, and stepchildren.
  • Accidental Death Benefit – The Accidental Death Benefit provides for the insurance company to double the death benefit up to a maximum of $250,000 if the insured’s death is the result of an accident.
  • Accelerated Death Benefit – This popular optional rider provides for the insurer to advance up to 50% of the base death benefit if the insured is diagnosed with a terminal illness that is likely to result in the insured’s death within 12 months.

Dignified Choice Final Expense

The Dignified Choice product provides whole life final expense insurance to cover the expenses for the insured’s funeral, unpaid medical expenses, or nursing home expenses that were not covered by health insurance.

The Dignified Choice Final Expense policy contains all of the benefits and guarantees that are provided by traditional whole life insurance:

  1. Level Premiums that will not change for the life of the policy
  2. The death benefit is guaranteed to never decrease for the life of the policy
  3. Cash Values are guaranteed over time and can be borrowed against if needed
  4. The policy is non-cancellable as long as the premiums are paid and your answers on the application are truthful

Flagship Whole Life

The Flagship Whole Life policy provides coverage to age 121 and level premiums until age 90. The available face amounts are $100,000 plus and is a great solution for insureds who are looking to setup the infinite banking concept because of dividends paid by the insurance company. There are eight optional riders available to allow for broader coverage and living benefits.

Guaranteed Issue Whole Life

This life insurance product was designed to accommodate less than healthy applicants who experience difficulties qualifying for traditional life insurance. The issue amounts are $5,000 to $10,000 for applicants age 25 to 44 and $2,500 to $25,000 for applicants age 45 to 80. There is no medical exam required and no health questions on the application.

Stellar Solutions Universal Life

Universal Life Insurance is always a great solution for applicants who are looking for permanent life insurance with a savings component. Universal life insurance has gained its popularity because of the flexibility of the policy that allows the insured to change premiums and coverage due to life events.

Available face amounts are $25,000 to $10 million with the option of a level or increasing death benefit. Applicants can choose from five popular insurance riders to broaden their coverage and add living benefits to their policy.

TermLine 10, 15, 20

The TermLine product is term insurance available in 10, 15, or 20-year terms. The premiums are guaranteed to remain level for the first 10 years and typically remain level for the balance of the term.

The company will offer a renewal policy at expiration at the attained age premiums or will allow insureds to re-enter with a new policy for another period of 10, 15, or 20-years.

Available face amounts are $200,001 ($250,001 in New York) up to $10 million.

TermLife Simplified Issue Term

CMFG’s TermLife is a term insurance product that can be purchased with 15, 20 or 30 year term periods. CMFG’s TermLife Plus product can be purchased with a 20 or 30 year initial term period and returns 50% of all base policy premiums paid at the end of the initial term.  When the initial term period expires both policy types can be renewed by the policyholder at yearly guaranteed renewal premiums to age 95. TermLife and TermLife Plus are can be purchased with face amounts from $25,000 to $250,000.

TermLife Simplified Issue Term provides a selection of five optional riders that allows the applicant to broaden their coverage to meet their individual needs.

In Conclusion

We feel CMFG Life is a well-established life insurance company and delivers affordable insurance products while delivering outstanding customer service and claims service.

We are Here for Your Needs
For more information about CMFG LIfe or any other insurance company we represent, please call us at 1-800-712-8519 during normal business hours or contact us through our website.

Frequently Asked Questions

What life insurance products does CMFG offer?

CMFG Life offers a complete portfolio of permanent and term insurance products to meet the needs of their clients and prospective clients.

Does CMFG Life sell final expense life insurance?

CMFG Life does offer a final expense product. The Dignified Choice product provides whole life final expense insurance to cover the expenses for the insured’s funeral, unpaid medical expenses, or nursing home expenses that were not covered by health insurance.

Is CMFG Life a highly rated life insurance company?

CMFG Life is highly rated by several rating services:
AM Best = A-excellent
Moody’s = A2
Standard & Poor’s = A
Comdex Score = 96

author avatar
Doug Mitchell, CLU Independant Advisor
Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent almost 30 years in the life insurance industry and has also held licenses to sell securities, long-term care insurance and home and auto insurance. Doug is a Top of the Table Million Dollar Round Table member (MDRT).  MDRT is a global, independent association of the world's leading life insurance advisors.  For two years, Doug served as President of the Auburn Opelika Association of Financial Advisors and has been a member of the Million Dollar Round Table. He obtained Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award. Later in his career with New York Life he was an Executive Council Member. Doug currently serves as President of Ogletree Financial, a managing general agency serving life insurance agents and clients in all parts of the United States. Today, Doug’s main focus is servicing 1000s of policyholders and growing the agency through the reach of

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