Continental Life Insurance: What You Need To Know

Continental Life Insurance (CLI) is a Brentwood, Tennessee-based company that has been providing quality health and life products since 1983. CLI was acquired by Genworth in 2006 and later by Aetna in 2012. CLI specializes in Medicare Supplement plans, offering policyholders stable and highly-rated coverage for their medical expenses. The company is committed to providing unparalleled service and competitive premiums to its policyholders.

Continental Life Insurance Company (CLI) history

Continental Life Insurance Company (CLI) of Brentwood, Tennessee, has been a benchmark for providing quality health and life products for over 25 years. Since 1983, the company has been a provider of Medicare Supplement plans, offering policyholders a stable, "A"-rated service to help cover their medical expenses.

In 2006, Continental Life became a Genworth Company, further enhancing its strength and stability. In 2011, CLI and American Continental Insurance Company (ACI) became members of the Aetna family of companies. This move added to the company's strength and stability in the senior insurance market. CLI and ACI are both rated "A" (Excellent) by A.M. Best Company.

Aetna is one of the nation's leading diversified healthcare benefits companies, serving an estimated 46.7 million people with information and resources to help them make better-informed decisions about their health care. Aetna offers a broad range of traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, and disability plans.

In 2012, Continental Life Insurance Company became part of Aetna, continuing its commitment to provide unparalleled service while offering the best possible premium to current and new policyholders. Continental Life Insurance Company understands that Medigap plans are all created equal, but it's the service that sets them apart.

CLI's commitment to customers

Continental Life Insurance (CLI) has been a benchmark for providing quality health and life products for over 25 years. CLI's commitment to its customers remains the same – to provide unparalleled service while offering the best possible premium to current and new policyholders.

Since 1983, CLI has been a provider of Medicare Supplement plans by offering policyholders a stable, “A” rated company to help cover their medical expenses. CLI is rated A Excellent by A.M. Best Company. CLI became a Genworth Company in 2006 and then an Aetna company in 2012, enhancing its strength and stability.

Aetna offers some of the lowest rates in the country for supplemental health insurance plans. These plans can help with unexpected medical costs and other life expenses. Aetna offers cash benefits to help customers pay for many everyday expenses, as well as peace of mind.

Aetna's supplemental health plans put money back in the customer's pocket. Customers get cash benefits to help pay for the costs their medical plan doesn’t cover, like copays and deductibles. Or they can use the cash to cover mortgage payments, groceries, utility bills and daycare.

Aetna offers three plan options to prepare for the unexpected: accident plans, critical illness plans, and hospital indemnity plans.

CLI's rating by A.M. Best Company

Continental Life Insurance (CLI) is a company that has been providing quality health and life products since 1983. It is based in Brentwood, Tennessee, and was acquired by Genworth in 2006 and then by Aetna in 2012. CLI has maintained its commitment to providing unparalleled service and the best possible premium to its policyholders.

CLI has been rated A Excellent by the A.M. Best Company, which is the world's oldest and most authoritative insurance rating and information source. A.M. Best's rating process involves a comprehensive evaluation of a company's financial strength, risk-adjusted capitalization, and creditworthiness. The company's rating criteria are publicly available on its website, providing transparency and allowing companies to understand the factors considered in the rating process.

The A Excellent rating assigned to CLI reflects the company's strong financial position and stability. It indicates that CLI has a strong ability to meet its financial obligations and provide reliable coverage to its policyholders. This rating is a testament to CLI's commitment to service and its stable and reliable position in the market.

A.M. Best's rating of CLI carries significant weight in the insurance industry and is recognized by consumers and businesses alike. This rating plays a crucial role in shaping the perception of CLI's financial strength and stability, influencing consumers' decisions when choosing an insurance provider. It also impacts the company's ability to attract new policyholders and maintain its existing customer base.

Overall, the A Excellent rating by A.M. Best Company reinforces CLI's reputation as a stable and reliable insurance provider, underscoring its commitment to offering unparalleled service and competitive premiums to its policyholders. This rating serves as a key indicator of CLI's financial health and stability in the insurance marketplace.

CLI's acquisition history

Continental Life Insurance (CLI) is a Brentwood, Tennessee-based company that has been a provider of Medicare Supplement plans since 1983. In 2006, it became a Genworth Company, and in 2012, it was acquired by Aetna, enhancing its stability and strength. CLI has been the benchmark for providing quality health and life products for over 25 years. It is rated A Excellent by A.M. Best Company.

CNA Financial Corporation's history

Continental Life Insurance (CLI) is a provider of Medicare Supplement plans, offering policies to help cover medical expenses. CNA Financial Corporation is a financial corporation based in Chicago, Illinois, and is the principal subsidiary of Continental Casualty Company (CCC), which was founded in 1897.

CNA Financial Corporation has a rich history dating back to the 19th century. Here is a detailed overview of its journey:

The Early Years:

The Continental Insurance Company (CIC), the predecessor of CNA Financial Corporation, was established in 1853. Two decades later, in 1897, the Continental Assurance Company of North America was founded in Detroit with a specific focus on providing accident and health insurance to railroad industry employees. This company eventually merged with the Metropolitan Accident Company and relocated to Chicago, renaming itself the Continental Casualty Company (CCC).

Expansion and Innovation:

CCC acquired other insurance companies over the years, including the National Fire Insurance Company of Hartford in 1956 and the American Casualty Company in 1963. The acronym CNA was formed from the first letters of the original companies. In the early 20th century, CCC achieved several milestones, including offering the first workers' compensation insurance in 1915 and creating the first co-insurance clause on homeowners' policies in the 1920s. They continued to innovate with the introduction of the industry's first comprehensive group dental insurance in the 1950s and long-term care in the 1960s.

Historical Events and Growth:

CNA insured significant events, including the Indianapolis 500, the World Boxing Association, and various cultural and entertainment endeavours, such as the Beatles concert at Shea Stadium in the 1960s. In 1974, Loews Corporation acquired a majority stake in CNA by purchasing 56% of its stock. This marked a new chapter in CNA's history, leading to further expansion and diversification.

Mergers and Acquisitions:

In 1995, CNA completed a significant merger with The Continental Corporation, combining two property and casualty companies. However, in 1999, CNA sold its personal insurance division to Allstate, and the life, group, and reinsurance business was exited in 2002. CNA continued to adapt its business strategy and expand its global presence, entering the London market in 2012 by acquiring and rebranding Hardys Underwriting to CNA Hardy.

Today, CNA Financial Corporation is one of the largest commercial property and casualty insurance companies in the United States, serving customers worldwide and offering a diverse range of insurance products and services.

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