Financial Ratings of Life Insurance Companies

Financial ratings for life insurance companies ratings are very important to us when selecting a life insurance company four our clients. For an insurance company, there is nothing more important than it’s financial strength and ability to pay claims to policyholders.

We monitor the financial strength and claims paying ability of life insurance companies by using a number of different rating agencies.

Ratings agencies assist policyholders by assessing a grade based on the financial strength and claims paying ability of each insurance company.

Each rating agency evaluates insurers slightly differently, but ratings are based on factors such as a company’s financial holdings and how much it is collecting in premiums compared with how much it’s paying out in claims.

To evaluate the premiums, plans, and death benefits from only the highest rates companies, use “Instant Life Insurance Quotes”. Then, select only  A+ rated carriers from A.M. Best from the listing of quotes and companies. Your quote also includes a detailed report evaluating the financial ratings from A.M Best, S&P, Fitch, and Mood’s, and a composite Comdex Score.

 Financial Ratings of Life Insurance Companies

The Financial Ratings of Life Insurance Companies

  • A.M. Best
  • Fitch
  • Moody’s
  • Standard & Poor’

You can evaluate A.M Best, Standard and Poor’s, Fitch, and Mood’s directly from each company or request a report from your agent. Ratings agencies typically assign life insurance companies one of nine to 16 long-term financial strength ratings, the highest of which mean that the company is likely to be able to pay out future claims.

A.M. Best’s strongest financial ratings are A++ and A+, while the best from Fitch and Standard & Poor’s are AAA and AA. The top ratings at Moody’s are Aaa and Aa.

In order to take an aggregate of all rating agencies, and put them all on a level playing field, an easier option is to use is a Comdex Score.

A Comdex Score  is a  composite score of all the evaluations a life insurance company has available, and puts each company into one single, 1-100 point scale in relation to other companies that have been rated by the rating services.

This score is excellent method to reduce the confusion over life insurance ratings. To obtain a free Comdex report for any life insurance company, please call us at 1-877-249-1358.

Eric Van Haaften, LUTCF is the president of Affordable Life USA. We are a nationally licensed life insurance agency focused on finding our clients custom planning solutions at excellent prices. 1-877-249-1358. eric@affordablelifeusa.com