Assessing Life Insurance Companies Ratings

Article Posted by Expert Author: Adam Foley  on 04/08/2013

The benchmark of any quality life insurance company is its ability to pay you benefits and settle your claims effectively, and not the one with the lowest premiums, as some may believe. Verifying a company's financial stability is the only way to ensure that they will be able to help your family when they need it the most. And the only way to do so is to look at life insurance companies ratings.

 

The company itself will tell you what its ratings are, but that may not give you the whole story. Oftentimes, companies will put their higher ratings in plain view, but downplay lower ratings from other agencies. One way to get to the bottom of things is to check a company's rating for the current year, and then the previous year using the data provided by two or more agencies.

 

Understanding what rating codes mean is crucial. An A+ rating from one company may mean something completely different from the A+ rating of another. Another good tip is to search not by brand, but by underwriting company. This information can usually be found at a company's web site.

 

At The State Insurance Guide we help you find the data you're looking for on the top insurance providers in the nation.  Don't leave this decision up to chance - doing your homework up front can mean peace of mind later on down the road.

 


Article Posted In:  How to Guides  Life Insurance Companies  

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