Cincinnati Life Insurance Company- No Exam Policy Review

Written by Ty Stewart

NOTE: Cincinnati Life does not allow us to display their quotes online. The quote tool on this site will show many other top no medical exam life insurance options. Contact us to compare further. Our full review is below.


Quick Summary: Cincinnati Life is known for its customer service and ethical practices. Rates are very cheap for under 100k in coverage but that is the maximum death benefit you can get without taking a physical exam. Highest health class available is Standard so not a good choice if you are in excellent health.


Need coverage fast without a medical exam? Many companies now offer no exam products. We cover this area closely and stay on top of all the changes daily. For the most complete and up-to-date comparison, see our guide to no exam life insurance.

About the Company

Cincinnati Life Insurance Company was founded by a group of agents in 1950 with the mission to provide exceptional customer service to their policyholders. They do this through a network of local agents as well as a 24/7 customer service hotline.

Cincinnati life insurance company logo

On the financial side, Cincinnati Life receives top marks from the major rating agencies. A.M. Best gives them an "A" while Fitch grades them A+. Overall, their financial profile and confidence are considered very strong within the life insurance industry. You can expect them to be around for a long time.

In addition to policies that don't require an exam, Cincinnati Life offers more traditional term insurance, whole life, Universal life, and disability income insurance.

About the Policy

Product Name

LifeHorizons Termsetter

Coverage

$25,000 to $99,000

Issue Age

18 to 60

Term Length

10, 15, 20, 25, 30 years

Underwriting Process

The underwriting process for Cincinnati Life's non-med policy is slow compared to the competition. They will run the normal electronic database checks but often time request doctors records which delays the process significantly.

What they will check:

  • check
    Medical Information Bureau - previous life insurance approvals and denials
  • check
    MVR - Motor Vehicle Report - moving violations on your driving record
  • check
    Rx database - record of any prescriptions you've taken

Decision Time

We have seen the quickest to be 3-4 weeks and it can be as long as 2 months depending on how quickly your doctor responds to the request for medical records. Among no exam companies, Cincinnati is one of the slowest for life insurance decisions.

Pros

Very low rates for under $100,000 in coverage.

Allows tobacco chewing without assigning smokers rates.

Phenomenal customer service.

Cons

Maximum death benefit of only $100,000.

Standard is the best health class available without taking an exam.

Lengthy decision timeline before approvals.

Only accept applicants up to age 60.

Extras and Options

For no exam products, Cincinnati life has decent options to customize your policy. (Learn more about riders)

Included at no charge:

  • Accelerated Death Benefit Rider 

Can be added with an additional cost:

  • Waiver of Premium Rider
  • Accidental Death Benefit Rider
  • Children’s Insurance Rider

You are permitted to convert to a permanent policy up until age 70. You do not need to prove insurability again as long as your premiums have been current and the policy has not lapsed. This option is included in the policy at no extra cost. Converting to permanent will, however, have new (higher) premiums.

Cost

Cincinnati Life has very low and competitive premiums when compared to other competing no medical policies under 100K in death benefit.

Sample No Physical Exam Rates - Cincinnati Life - LifeHorizons Termsetter

40-year-old male at Standard health class - pricing listed is per month

Death Benefit

10 Year

20 Year

30 Year

$25,000

$9

$11

$14

$50,000

$12

$15

$21

$75,000

$15

$19

$28

40-year-old female at Standard health class - pricing listed is per month

Death Benefit

10 Year

20 Year

30 Year

$25,000

$9

$10

$12

$50,000

$11

$13

$17

$75,000

$14

$16

$23

Finding the Best Company for No Medical Exam Insurance

Is Cincinnati Life the best option?  

Or might there be another company better suited to your needs?

Recent advancements in technology have increased the number of companies offering life insurance without requiring the exam. It's also brought the price down to the point where many people won't pay that much more than they would by going through the full regular underwriting with an exam. This is great news!

Aside from comparing quotes, how do you know which company is actually the best for your unique needs and health history?

The best way to do this is to work with an independent agency that is:

  1. Unbiased and not married to any one life insurance company.
  2. ​Has access to all the top no exam products as well as some niche products for certain people/situations.
  3. Is a specialist in the no exam area.

You're in luck:) 

Helping with life insurance approvals-Climbers helping each other to climb the mountain

We do all the above and more. If you'd like to have a no pressure talk about options, please contact us or fill out the quote request form on this site.

About Ty Stewart
Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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