Tools for Budgeting That Create Financial Stability Spending your money blindly will only lead to trouble. Unless you’re raking it in with few to no monthly bills, tracking and managing your personal expenses is a surefire way to create financial stability. You need to be able to see how much money you have coming in […]
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
Every small or mid-size business typically has a key person or persons that are responsible for producing a majority of the revenue. Service businesses are typically dependent on a key person who regularly delivers revenue from their coveted client list. Should the business lose one or more key persons because of an unexpected death, the […]
Many people are under the impression that you cannot buy life insurance for marijuana users. In fact, many applicants lie about their usage and then are denied coverage, not because they use marijuana, but because they lied about it. Insurance companies refer to this as misrepresentation. The truth of the matter is using marijuana does […]