Founded in 1923 and headquartered in Chicago, Combined Life Insurance Company of America is a subsidiary of the Chubb Group — one of the world’s largest publicly traded insurance firms. With more than 90 years in the business, it has grown into a global insurance provider with a strong presence in North America, Europe, and Latin America.
Key Ratings:
- AM Best Financial Strength: A+ (Superior)
- BBB (Better Business Bureau): A+
- BBB Customer Rating: 1.6 out of 5 stars
- NAIC Complaint Index: 1.80 (above national average)
Despite its strong financial standing, Combined Life Insurance complaints frequently reference:
- Delays in claims processing
- Unauthorized bank withdrawals
- Limited communication during claims
The Florida Combined Life Insurance Company division plays a key role for residents in Florida, offering tailored health and supplemental policies.
Types of Combined Life Insurance Policies
1. Supplemental Insurance Plans
Various life and health insurance combined products are available to complement existing coverage.
- Accident Insurance
- Disability Insurance
- Health and Sickness Insurance
- Combination Life Insurance (Term, Whole, and Universal)
Highlight: Their accident and sickness plan starts coverage from day one and is not cancellable due to prior claims — making it one of the most trusted commercial combined insurance products.
2. Whole Life Insurance
Whole life policies from Combined offer:
- Fixed premiums
- Lifelong protection
- Optional riders for customization
Features:
- Non-participating: No dividends, guaranteed coverage
- Participating: Earn dividends to reduce premiums or increase coverage
- Family Plans: Coverage for spouses and children
Optional Add-ons:
- Child Rider: Pays up to $2,000/month upon death of insured child
- Cash Value Rider: Allows payout of both death benefit and accumulated cash value
3. Universal Life Insurance
Universal Life is a flexible permanent insurance that offers:
- Adjustable premiums
- Tax-deferred cash value growth
- Investment-linked options
Perfect for individuals who want adaptable life insurance coverage with the ability to modify premium payments and coverage levels over time.
4. Accident and Sickness Insurance
This insurance helps cover out-of-pocket costs not paid by primary health insurance — ideal for unexpected injuries like sports accidents or work-related illnesses.
Key Plan: SickPay Plus
A top choice among U.S. workers without paid sick leave. It offers income protection during injury or illness, helping safeguard household finances.
5. Credit Accident and Sickness Insurance
These term-based plans are ideal for borrowers needing backup in case an accident or illness impacts their ability to repay debt.
Features:
- Disability protection
- Governed by laws such as Virginia Code §38.2-3719
- Useful for managing personal or commercial financial obligations
Pros of Choosing Combined Life Insurance
- Financial Strength: Backed by A+ ratings from AM Best and BBB
- Diverse Product Line: Offers individual and commercial combined insurance options
- Global Presence: Offices in 30+ countries, including a major base in Florida
- Fast Claims Processing: Goal of settling approved claims within 5 business days
Cons of Combined Life Insuranc
- Customer Complaints: Recurring issues include claim delays, policy cancellations, and customer service lapses
- Supplemental Focus: Most offerings are not full primary life insurance plans
- Limited Online Tools: Lacks robust digital features for quotes or account management
👤 Who Should Consider a Combined Life Insurance Policy?
A Combined Life Insurance policy may be ideal for:
- People needing supplemental life and health coverage
- Workers without paid sick leave benefits
- Individuals looking for combination life insurance to fill existing coverage gaps
- Small business owners needing commercial accident and health protection for employees
- Florida residents, particularly those seeking options from Florida Combined Life Insurance Company
However, if you’re seeking comprehensive standalone life insurance, it’s wise to compare with other providers as well.
Final Thoughts
Combined Life Insurance Company stands strong with its financial backing, product diversity, and nearly a century of experience. For those seeking supplemental or combination life insurance — particularly in states like Florida — it’s a solid contender.
But be cautious: the high volume of Combined Life Insurance complaints suggests you should thoroughly review policy details and service commitments before enrolling.
