Commonwealth Annuity and Life Insurance Company: Customer Ratings & Reviews [2025]
Explore the in-depth evaluation of Commonwealth Annuity and Life Insurance Company, a stalwart provider ensuring financial security and tranquility through a range of insurance offerings, including life insurance, long-term care insurance, disability income insurance, and annuities.
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Table of Contents
Table of Contents
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Laura D. Adams
Insurance Claims Support & Sr. Adjuster
Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...
Kalyn Johnson
Updated April 2024
Commonwealth Annuity and Life Insurance Company (CALIC) offers a range of insurance products, including life insurance, long-term care insurance, disability income insurance, and annuities, across several states in the United States.
The cost of CALIC’s insurance products varies depending on several factors, such as the type of product, the amount of coverage, and the applicant’s age and health. CALIC provides discounts for eligible customers, such as a multi-policy discount, safe driver discount, good student discount, homeowner discount, and senior citizen discount.
CALIC’s mission is to provide financial security and peace of mind to its customers through its insurance products. While it’s unclear what the current complaint level for CALIC is, the company has an A- (Excellent) rating from A.M. Best.
What You Should Know About Commonwealth Auto Insurance
Contact Information:
- Phone: 1-800-733-3742
- Website: https://www.calic.com/contact-us
Related parent or child companies: CALIC appears to operate as an independent insurance company, offering a range of life insurance and annuity products to customers in multiple states.
Financial ratings: Commonwealth Annuity and Life Insurance Company (CALIC) has a strong financial rating from A.M. Best, which is an independent credit rating agency that specializes in the insurance industry. As of the latest available data, CALIC has an A- (Excellent) rating from A.M. Best, which indicates that the company has a strong ability to meet its ongoing insurance policy obligations.
Customer service ratings: Commonwealth Annuity and Life Insurance Company (CALIC) has mixed reviews from customers. Some customers have reported positive experiences with the company, while others have had negative experiences.
Claims information: To file a claim with CALIC, customers can call their customer service line or visit their website to access their online claim center. The process may vary depending on the type of claim and product. It’s best to contact CALIC directly for specific instructions on filing a claim.
Company apps: There is no information in the article about any company apps for CALIC.
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Commonwealth Auto Insurance Coverage Options
CALIC offers a wide range of insurance products and services that can help protect you and your loved ones financially. Here are some of their main products and services:
- Life Insurance: CALIC offers a variety of life insurance products, including term life, whole life, and universal life insurance. Their life insurance policies are designed to provide financial protection to your loved ones in the event of your unexpected death. The cost of life insurance varies depending on your age, health, and the coverage amount you choose.
- Annuities: CALIC offers fixed and indexed annuities that can provide you with a steady stream of income during your retirement years. An annuity is a contract between you and an insurance company, where you pay a premium, and the insurance company provides you with a guaranteed income for a set period or for life.
- Long-Term Care Insurance: Long-term care insurance can help cover the cost of care you may need in the event of a chronic illness or disability. CALIC offers long-term care insurance policies that can help you cover the costs of nursing homes, assisted living facilities, and home health care services.
- Disability Income Insurance: Disability income insurance can help replace a portion of your income if you become disabled and are unable to work. CALIC offers disability income insurance policies that can help you cover your living expenses and other bills while you recover from your disability.
- Medicare Supplement Insurance: CALIC offers Medicare Supplement Insurance policies that can help cover some of the out-of-pocket costs associated with Medicare. Medicare Supplement Insurance can help pay for things like deductibles, coinsurance, and copayments.
CALIC operates in most states, including the District of Columbia, and their products are sold through a network of independent agents. The cost of their products varies depending on the coverage amount, your age, and your health.
Commonwealth Auto Insurance Rates Breakdown
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| Driver Profile | Commonwealth Annuity and Life Insurance | National Average |
|---|---|---|
| Clean Record | $96 | $119 |
| 1+ Ticket | $125 | $147 |
| 1+ Accident | $154 | $173 |
| DUI | $292 | $209 |
| Poor Credit | $165 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Commonwealth Auto Insurance Discounts Available
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| Discounts | Commonwealth Annuity and Life Insurance |
|---|---|
| Anti Theft | 14% |
| Good Student | 17% |
| Low Mileage | 12% |
| Paperless | 11% |
| Safe Driver | 16% |
| Senior Driver | 12% |
Here are the different types of discounts that Commonwealth Annuity and Life Insurance Company (CALIC) offers:
- Multi-Policy Discount: CALIC offers a multi-policy discount when you have more than one policy with them. For example, if you have a life insurance policy and a long-term care insurance policy with CALIC, you may be eligible for a discount on both policies.
- Safe Driver Discount: If you have an auto insurance policy with CALIC, you may be eligible for a safe driver discount. To qualify for this discount, you must have a clean driving record and not have any accidents or violations within a certain period. The discount amount varies based on the state you live in.
- Good Student Discount: CALIC offers a good student discount on auto insurance policies for students who maintain a certain grade point average (GPA). To qualify for this discount, the student must be enrolled full-time and have a GPA of 3.0 or higher. The discount amount varies based on the state you live in.
- Homeowner Discount: If you own a home and have a homeowners insurance policy with CALIC, you may be eligible for a homeowner discount on your auto insurance policy. This discount amount varies based on the state you live in.
- Senior Citizen Discount: CALIC offers a senior citizen discount on auto insurance policies for drivers who are over a certain age. The age requirement varies by state, but it’s typically around 65 years old.
It’s important to note that the availability and amount of discounts vary by state and policy type. Additionally, not all policies may be eligible for discounts. Be sure to speak with a CALIC representative to determine which discounts you may qualify for.
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How Commonwealth Auto Insurance Ranks Among Providers
CALIC’s main competitors are other insurance companies that offer similar products and services, such as:
- Prudential Financial: Prudential Financial is a large financial services company that offers life insurance, annuities, retirement plans, and investment management services.
- MetLife: MetLife is another financial services company that provides life insurance, annuities, employee benefits, and asset management services.
- State Farm: State Farm is a well-known insurance company that offers various insurance products, such as auto insurance, homeowners insurance, life insurance, and health insurance.
- Northwestern Mutual: Northwestern Mutual is a financial services company that specializes in life insurance, disability income insurance, long-term care insurance, annuities, and investment services.
These are just a few examples of companies that could potentially compete with CALIC in the insurance industry. However, it’s important to note that each company has its own unique products, services, and strengths, and customers should research and compare several options before choosing the one that best fits their needs.
Frequently Asked Questions
What is Commonwealth Annuity and Life Insurance Company?
Commonwealth Annuity and Life Insurance Company is an insurance company that provides annuity and life insurance products. They offer various options to help individuals plan for their financial future and protect their loved ones financially.
What types of insurance products does Commonwealth Annuity and Life Insurance Company offer?
Commonwealth Annuity and Life Insurance Company offers a range of insurance products, including annuities and life insurance. Annuities are financial products that provide a steady income stream in retirement, while life insurance provides financial protection for beneficiaries in case of the policyholder’s death.
How can I contact Commonwealth Annuity and Life Insurance Company?
You can contact Commonwealth Annuity and Life Insurance Company by visiting their website or calling their customer service hotline. The contact information can usually be found on their official website or in the policy documents.
Are the insurance products offered by Commonwealth Annuity and Life Insurance Company customizable?
Yes, Commonwealth Annuity and Life Insurance Company often offers customizable insurance products. They may provide various options and riders that allow policyholders to tailor their coverage to their specific needs and preferences.
What factors should I consider when choosing an insurance company?
When choosing an insurance company, it’s essential to consider factors such as the company’s financial strength and stability, customer service reputation, coverage options, pricing, and any additional benefits or features offered. It can also be helpful to read customer reviews and ratings to get insights from others’ experiences.
Where can I find customer ratings and reviews for Commonwealth Annuity and Life Insurance Company?
You can find customer ratings and reviews for Commonwealth Annuity and Life Insurance Company on various platforms, including insurance review websites, consumer forums, and social media platforms. These sources often provide valuable insights from actual customers regarding their experiences with the company.
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