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

In a comparison of American National vs. Cincinnati life insurance rates, each company offers cheaper rates to different demographics. The American National and Cincinnati financial strength ratings suggest both companies are financially stable. The American National vs. Cincinnati life insurance policy comparison comes out in favor of American National.

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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: Jul 19, 2021

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Quick Facts

  • In a comparison of American National vs. Cincinnati life insurance rates, both companies are competitive
  • The financial ratings are strong for both American National and Cincinnati Insurance
  • American National offers a greater assortment of life insurance products than Cincinnati

Whether you’re looking for the best term life insurance quotes or a good deal on final expense insurance, it’s wise to research a variety of life insurance companies before making a choice.

In this guide, we offer an American National vs. Cincinnati life insurance comparison.

Comparing life insurance companies can be time-consuming. To help, we’ll highlight the American National vs. Cincinnati life insurance company ratings, term life insurance rates, available products, and more.

Before jumping into this American National vs. Cincinnati life insurance guide, use our free quote tool above to compare rates now.

American National vs. Cincinnati: Who is the best life insurance company?

American National and Cincinnati are both reputable life insurance providers that offer financial security to a variety of prospective policyholders.

Is American National a good life insurance company?

We’ll share American National insurance customer ratings soon, but it’s worth mentioning that American National has been operating for over 100 years and has earned billions of dollars in revenue.

How good is Cincinnati insurance? Though Cincinnati hasn’t operated nearly as long, it is an expansive company with many subsidiaries that provide a wide range of insurance products.

You might also know Cincinnati by CinFin, Cincinnati Financial, the Cincinnati Insurance Company, or other similar names.

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American National vs. Cincinnati: Which company has cheaper life insurance?

If you’re mainly concerned about the bottom line, you probably want to hear about affordable American National vs. Cincinnati life insurance rates. Let’s do a quick comparison.

Sample American National Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly Rates Age 35 Average Monthly Rates Age 45 Average Monthly Rates Age 55 Average Monthly Rates
$100,000: 20-year term (male)$15.98$16.68$30.76$65.06
$100,000: 20-year term (female)$14.17$15.81$24.80$47.17
$250,000: 20-year term (male)$13.61$15.12$29.16$66.10
$250,000: 20-year term (female)$12.31$14.04$23.98$52.92
$500,000: 20-year term (male)$20.74$23.33$50.11$122.26
$500,000: 20-year term (female)$18.58$20.74$41.04$95.90
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The American National life insurance rates appear to be reasonable. You’ll probably notice that rates are cheaper for women than for men and that the prices increase by both the policyholder’s age and the policy amount.

These are standard trends, so it always pays to start shopping for life insurance at a young age.

Sample Cincinnati Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly Rates Age 35 Average Monthly Rates Age 45 Average Monthly Rates Age 55 Average Monthly Rates
$100,000: 20-Year Term (Male)$10.47$11.44$19.10$35.38
$100,000: 20-Year Term (Female)$9.68$10.65$16.10$28.60
$250,000: 20-Year Term (Male)$14.52$17.38$34.54$73.26
$250,000: 20-Year Term (Female)$12.54$14.96$27.72$56.76
$500,000: 20-Year Term (Male)$22.00$26.40$54.56$130.68
$500,000: 20-Year Term (Female)$17.60$22.88$46.64$103.40
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Cincinnati’s term life insurance rates start even lower than American National’s, with $100,000 of coverage coming in at under $10/month for young women.

This is a savings of more than $4/month when compared to the same policy through American National.

Average American National vs. Cincinnati Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (American National) Average Monthly Rates10-Year Term (Cincinnati) Average Monthly Rates20-Year Term (American National) Average Monthly Rates20-Year Term (Cincinnati) Average Monthly Rates
25 - Male$10.37$13.20$13.61$14.52
25 - Female$9.94$12.10$12.31$12.54
35 - Male$11.02$14.08$15.12$17.38
35 - Female$10.37$13.42$14.04$14.96
45 - Male$18.14$23.32$29.16$34.54
45 - Female$16.63$19.80$23.98$27.72
55 - Male$40.61$41.58$66.10$73.26
55 - Female $30.67$34.54$52.92$56.76
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When comparing American National vs. Cincinnati life insurance quotes side-by-side, you’ll notice that American National is actually cheaper for some demographics compared to Cincinnati.

Every life insurance company has a different underwriting process, so it pays to shop around for quotes.

American National vs. Cincinnati: Which company has better ratings and coverages?

Finding the better rates between American National and Cincinnati will likely depend on how much coverage you want, your gender, age, and more. Each company offers cheaper rates based on different variables.

When rates are nearly interchangeable, it’s valuable to find out if one company stands out for customer service or financial strength. How do customers rate the American National insurance company?

Ratings Comparison for American National vs. Cincinnati
Ratings AgencyAmerican National RatingCincinnati Rating
A.M. BestAA+
Fitch's RatingsN/AA+
Standard & Poor's (S&P)AA
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There are very few reliable customer ratings to compare for either company.

American National and Cincinnati Insurance aren’t accredited by the Better Business Bureau and neither was featured in J.D. Power’s consumer satisfaction survey.

From the direct customer reviews filed with the Better Business Bureau, both companies have subpar averages, with neither company scoring better than two out of five stars.

However, both companies appear to be in good financial standing, according to S&P Global. Each company also has strong financial ratings from A.M. Best.

American National offers a variety of life insurance options, including:

  • Term life insurance
  • Whole life insurance
  • Guaranteed-issue life insurance
  • Universal life insurance
  • Indexed universal life insurance

If you’re unfamiliar with the different policy types or want to learn more about American National’s policies, our comprehensive American National life insurance review is a great resource.

With Cincinnati life insurance, you’ll have fewer options. Cincinnati doesn’t advertise guaranteed-issue or indexed universal life insurance policies. You can learn the details in our Cincinnati Insurance Company Review.

If you’re looking for something different from the policies listed above, an American National annuity could be an option. Annuities are similar to life insurance products but with a greater emphasis on savings rather than a death benefit.

If condensing various insurance policies into one bill is appealing to you, you’ll be happy to know both American National and Cincinnati offer auto insurance too.

American National vs. Cincinnati: What are the pros and cons?

Choosing between American National vs. Cincinnati life insurance is challenging. Both companies offer reasonable rates, good financial strength, and common policies.

It’s also helpful to know about the claims process. You can submit claims online using your American National login or by calling the American National life insurance phone number.

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Since American National offers other insurance products, you’ll have to be sure you call the life insurance number.

You can also submit claims directly using the Cincinnati life insurance phone number or using your Cincinnati life insurance login online.

Many companies still use mail-in services for claims, which can be time-consuming.

Beyond convenient claims, each company also offers a mobile app you can use to pay bills and see updates on claims. We’ve covered quite a bit of information, so we’ll highlight some key takeaways for each company below.

Pros

  • Strong financial ratings (both companies)
  • Competitive rates (both companies)
  • Strong policy options (American National)
  • Mobile apps (both companies)

Cons

  • Subpar customer reviews (both companies)
  • Limited policy options (Cincinnati)

When comparing the two companies, there are more positive than negative features for both. Each company is competitive, stable, and convenient.

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American National vs. Cincinnati: The Bottom Line

So should you buy American National vs. Cincinnati life insurance?

Competitive insurers like American National and Cincinnati can offer strong rates while maintaining financial stability. Shopping for quotes can help you find the best deal.

Now that you’ve finished this American National vs. Cincinnati life insurance review, use our free quote tool below to find quotes now.

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