Columbian Life

UPDATED: Jun 8, 2021Fact Checked

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jun 8, 2021

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Company Details
Address: P.O. Box 1381
City: Binghamton
State: NY
ZIP Code: 13902-1381
Phone Number: 1.800.423.9765
AM Best Rating: A-
URL where was collected the AM Best Rating:
Lines of Insurance: life
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Stock
Parent Company: Columbian Mutual Life
Top executive Contact: Thomas E. Rattmann
Title of Top executive: Chairman/President/CEO
Ticker Symbol: N/A
Assets & Premiums:

Total Assets: $292.656 millionTotal Liabilities: $268.359 millionTotal Stockholders’ Equity: $24.296 million

Company Rating 1 (8 reviews)


Company Overview:

Columbian Life’s parent company, Columbian Mutual Life Insurance Company, was founded in 1882. Between 1970 and 1990, it expanded to all 50 states. In 2006 Columbian merged with Philantropic Mutual Life Insurance Company and gained the National Safety Life Insurance Company as a subsidiary. In 2011 Columbian merged with Unity Mutual Life Insurance Company to form Columbian Mutual Life. Now that combined company holds more than $1.4 billion in assets.

Columbian Life sells a variety of Life insurance products, including Universal, Term and Whole Life policies, plus PreNeed, Final Expense and Senior plans. They also offer a variety of riders including: Accidental Death Benefit Rider, Children’s Insurance Rider, Term to Age Rider, Other Insured Rider, Waiver of Premium Rider, Accelerated Death Benefit Rider, Children’s Term Insurance Rider, Level Term to Age 65 Rider, Other Insured Rider, Waiver of Premium Rider, Income Rider, Spouse Rider, and Term Insurance Rider. 

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Is Columbian Financial Group Senior-Friendly?

If you’re looking for term life insurance, Columbian offers plenty of options. They make health questions and the application process easy for many seniors. 

Customer complaints and reviews are hard to come by for this particular company. So it’s hard to tell how senior-friendly they are. It may depend more on individual brokers and customer service agents.

Columbian does not offer easy online quotes as you might expect with some other insurance industry partnerships. For many seniors, though, this is not necessarily a downside. Phone support and an agent who can walk you through the quote, claim, or other processes can make Columbian a friendly choice with plenty of available plans.

Are Columbian Life Insurance Rates Reasonable?

With a range of plans, Columbian universal life insurance can cover different needs at different prices. As you’ll find with other companies, budget plans often cover less. The more you pay, the more coverage options you have. In the United States, premiums can vary based on health, where you live, and many other factors.

If you get a quote, always compare it to other options. Compare both coverage and pricing to see what makes sense for you.

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