American Amicable vs. Cincinnati: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. Cincinnati Life, Cincinnati came out on top. American Amicable is more well-reviewed by the Better Business Bureau, but Cincinnati offers more affordable rates and has the higher A.M. Best rating.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Apr 30, 2021

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Quick Facts

  • Cincinnati Life Insurance offers cheaper rates than American Amicable products.
  • American Amicable is far more well-reviewed by the Better Business Bureau.
  • Cincinnati Life is more well-reviewed by A.M. Best.

Determining the right life insurance provider to protect you and your family can be daunting, though insurance companies offer a variety of options to address your needs.

Comparing American Amicable vs. Cincinnati life insurance companies, you can examine rates, options and ratings. Before we really dive into our comparison, make sure to type your ZIP code into our free and helpful tool above to find the cheapest rates in your area.

So, to buy American Amicable vs. Cincinnati Life Insurance: Which company is right for you? Let’s find out together.

American Amicable vs. Cincinnati: Which company offers more affordable rates to women?

When you set out to find the right life insurance company for you, it stands to reason that you’ll want to start with the factors that are most important to you. For most, that comes down to companies’ pricing.

Let’s take a look at a table that shows the rates offered to women for a 20-year $250,000 term life insurance policy.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
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Is it easier to find affordable American Amicable vs. Cincinnati life insurance? As you can see, for women in their 50s, Cincinnati Life is over $31 cheaper per month than American Amicable.

For women in their 60s, American Amicable is nearly a whopping $80 more expensive per month than Cincinnati. So, examining American Amicable vs. Cincinnati life insurance quotes has shown us that the latter offers more affordable rates to women of various ages.

Next, let’s see what the rates look like for men.

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American Amicable vs. Cincinnati: Which company offers more affordable rates to men?

We’re now going to engage in a process similar to what we did in the last section. This time, however, the table will show the rates offered to men of various ages for a 20-year term life insurance policy valued at $250,000.

Sample Average Male Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
Company Age 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
Banner $40.85 $111.13
Cincinnati Life$27.28$56.76
Fidelity Life $54.59$73.92
 Foresters $42.66 $114.84
Liberty Mutual$40.32$95.58
 Lincoln $46.55 $190.53
Mutual of Omaha $46.55 $134.05
Haven Life$25.72$65.77
John Hancock$44.47$115.00
MassMutual$37.59$87.42
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As you can see, for men in their 50s, American Amicable is over $60 more per month than Cincinnati Life. For men in their 60s, Cincinnati Life is nearly $134 cheaper per month than American Amicable.

American Amicable vs. Cincinnati life insurance quotes show a significant price difference.

Let’s wrap up with company ratings to see if Cincinnati can sweep this thing.

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American Amicable vs. Cincinnati: Which company is more well-reviewed?

Next we’re going to be analyzing Cincinnati and American Amicable life insurance reviews from A.M. Best and the Better Business Bureau (BBB). A positive rating from one or both of these two rating organizations can give you confidence that a life insurance company has and will continue to have financial strength.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.” American Amicable received the Better Business Bureau’s highest rating of “A+,” and it is also BBB accredited.

What score did the Better Business Bureau give Cincinnati Life? Unfortunately, the BBB has not rated Cincinnati Life, nor is it BBB accredited.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.” Not to mention, there are actually two different scales. American Amicable has an A.M. Best FSR of “A-” (Excellent).

What Financial Strength Rating did Cincinnati Life receive? It got an even better rating of “A+.”

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). While the Financial Strength Ratings are about an insurer’s financial strength and its ability to meet ongoing policy and contractual obligations, a Long-Term ICR is focused on the future. A Long-Term ICR can be issued on a long-term basis or short-term basis.

This scale goes from the high end of “aaa” (Exceptional) down to the low end of “c.” It’s a little confusing, so the scale goes like this: “aaa,” “aa,” “a,” “bbb,” “bb,” “b,” “ccc,” “cc,” “c.” A company can also score notches in its ratings, i.e., “aa+.”

What long-term ICR did American Amicable receive? It received a rating of “a-.” How did Cincinnati Life fare? Again, it received an even better rating of “aa.”

In summation, you have two worthy options here, but Cincinnati Life wins. The only concerning element is the company’s lack of a BBB rating. If you do choose Cincinnati Life, be sure to ask about discounts. Many of them can be acquired as simply as typing in your Cincinnati life insurance login or dialing up the Cincinnati life insurance phone number.

With that being said, don’t let your life insurance company comparison stop here. Type your ZIP code into our free and helpful comparison tool below. We can’t promise you’ll find Cincinnati or American Amicable quotes, but you will find affordable life insurance rates in your area.

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