Something quite interesting about today’s life insurance market is that very few people pay more premium for being affected by asthma. In the grand scheme of things, only the worst cases of asthma are rated sub-standard by most life insurance companies. Yes, there is affordable life insurance with asthma. When someone is shopping for life […]
When you choose a life insurance company the first consideration should be the life insurance company rating – the financial strength of that company, even before competitiveness and pricing. Obviously, if the company is unable to pay the benefits promised in the life insurance policy, then every other consideration was unimportant. So, choose your company by price, benefits and design but always do a life insurance comparison of the company’s financial strength before you buy.
You can do this by checking the financial strength rating online. Life insurance companies are ranked by independent services according to the financial strength of the company. This is done by a rating system. These life insurance company ratings are determined by independent analysts that are paid to review a company’s financial strength. In this section we’ve provided a chart of the different financial ratings from the leading life insurance company rating services.
Your LifeInsure.com representative will be glad to review the financial ratings of any life insurance company with you.
The chart below shows the different rating categories from the leading rating services. These include A.M. Best and Company, Standard & Poor’s, Moody’s Investor Service and Fitch. There is another rating service not shown on the chart, Street.com which rates companies similar to school grades from A+ to A to A- to B+, B, B- etc.
When you get a term life quote or a return of premium life quote on LifeInsure.com’s quote engines, the A.M. Best rating shows up next to the insurance company quoted.
Life Insurance Company Rating Categories
|Rank Number||A.M. Best||Standard & Poor’s||Moody’s||Fitch|
|Financial Strength||Financial Strength||Financial Strength||Financial Strength|
Secure / Highest
|Aa1, Aa2, Aa3|
|A1, A2, A3|
|Baa1, Baa2, Baa3|
|Ba1, Ba2, Ba3|
Secure / High
|B1, B2, B3|
Vulnerable / Fair
Secure / Adequate
Secure / Adequate
Based on public information only.
Questions? Contact us
The Medical Information Bureau (MIB) provides a collection of private medical and non-medical (hazardous avocations, hobbies, and driving violations) data. The primary purpose of the MIB is to furnish the exchange of underwriting information between its member companies. Member companies are compelled to report a coded summary of conditions and conclusions which may be important […]
Although we grow into adults year by year, there can still be a shock to our systems when we find ourselves out of school and out of our parents’ home. Regardless of how prepared we may believe we are, complicated issues are thrown at us every day and in every manner. Yes, there is the […]