Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Aug 25, 2021

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The Truth in a Nutshell

  • Continental Life Insurance Company provides two coverage options under final expense whole life insurance
  • People between 45 and 89 are eligible for Continental life insurance policies
  • Continental life insurance rates start as low as $23/mo
  • Continental Life has an “A” rating from A.M. Best for financial strength

The Continental Life Insurance Company is owned by Aetna and is limited to final expense whole life insurance. Life insurance is cheaper for younger people, but Continental life insurance customers will likely pay more than average.

You may be wondering, why is insurance so expensive with Continental Life Insurance Company? Don’t worry – we’re here to help you learn more about Continental life insurance quotes.

As you read our guide, you’ll learn everything you need to know about Continental life insurance rates, insurance products, and third-party ratings.

Continue reading to learn more about affordable Continental life insurance. Use our free online quote tool above to compare multiple companies in your local area and secure the best rates.

What Continental life insurance products are available?

Final expense burial insurance is the only life insurance policy at Continental life insurance. However, there are two different benefits you can choose from.

  • Final Expense Whole Life – Level Benefit
  • Final Expense Whole Life – Graded Benefit

The level benefit provides the full death benefit, but the graded benefit only offers the full death benefit upon accidental death. To receive the full death benefit under the graded benefit, you’ll have to wait three years.

There are no additional life insurance riders under Continental life insurance.

There are Continental Life Medicare supplement options available, however. In fact, Continental Life offers every Medicare supplement available. You must be 65 or older and enrolled in Medicare to receive the company’s Medicare supplements.

The Aetna Life Insurance Company also offers Medicare supplement options as well as other health and life insurance plans.

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How much are Continental life insurance rates?

Before you buy Continental life insurance, you should know more about how much customers pay per month. Check out these sample burial rates from Continental Life Insurance Company Incorporated.

Average Monthly Continental Final Expense Whole Life Insurance Rates by Policy, Gender, and Age
Policyholder AgeAverage Monthly Rates for $5,000 Policy (Female)Average Monthly Rates for $5,000 Policy (Male)Average Monthly Rates for $20,000 Policy (Female)Average Monthly Rates for $20,000 Policy (Male)Average Monthly Rates for $35,000 Policy (Female)Average Monthly Rates for $35,000 Policy (Male)
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Your Continental life insurance payment varies by age, gender, and policy limit. Older policyholders pay more for burial insurance because they have a lower life expectancy, and female customers pay less because they have higher life expectancy than male customers.

Also, keep in mind that burial or final expense insurance rates are typically lower than the rates you will get with whole or term life insurance policies.

Does Continental Life Insurance have any financial strength ratings?

As one of its subsidiary companies, Continental Life shares its A.M. Best rating with Aetna. According to A.M. Best, Aetna and its subsidiaries have an “A” rating, which means the company is financially stable and has an excellent ability to meet obligations to customers.

Aetna and Continental Life didn’t make the J.D. Power Life Insurance Customer Satisfaction Study, but the National Association of Insurance Commissioners (NAIC) reported that Continental Life had a complaint index lower than the national average.

Continental Life Insurance: Pros & Cons

Let’s look at a few highlights to see the advantages and disadvantages of Continental Life.

Comparing Pros and Cons at Continental Life Insurance
Continental Life ProsContinental Life Cons
30-Day Free Look PeriodOnline quotes are not available
Life insurance rates won't increaseGuaranteed issue term and burial insurance not available
No medical exam life insurance availablePolicies limited to people who are between 45 and 89 years old
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Continental Life doesn’t provide a diverse selection of life insurance compared to the competition, which may turn customers away.

How do you cancel Continental life insurance?

You can cancel your Continental life insurance policy by calling Continental Life or Aetna and letting them know you want to cancel. If you cancel within 30 days of getting the policy, you won’t have to worry about any additional fees.

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What do you need to know about Continental Life Insurance Company?

The Continental Life Insurance Company was founded in Brentwood, TN, around 1983. It was known for providing supplemental life insurance for seniors. By 2011, Aetna Inc. purchased the company and added Continental Life’s supplemental insurance to its services.

Continental Life Insurance is available across the United States, but you won’t get a policy in Alaska, California, Connecticut, Hawaii, New York, Maryland, Massachusetts, New York, Maine, Vermont, and Washington.

Continental Life Insurance: What’s the bottom line?

Continental Life insurance may be a convenient option for Medicare recipients who don’t want to shop for life insurance.

However, it may be cheaper to shop around for a more affordable company since Continental life insurance becomes more expensive for senior customers.

Continental Life does not offer whole or term life insurance policies, so its options are extremely limited for those interested in leaving behind more than just funeral expenses for their beneficiaries.  It also does not offer online quotes, which makes the process of comparison shopping more difficult.

Start with the top 10 life insurance companies in the United States to see if they have policy rates that fit your budget.

Now that you know more about Continental life insurance, enter your ZIP code in the free comparison tool below to compare multiple companies near you and locate the best life insurance quotes.