Know What Life Insurance Ratings MeanArticle Posted by Expert Author: Adam Foley on 04/08/2013
If you're confused about the series of letters and plus and minus signs that can be found beside the names of life insurance companies, you are definitely not alone. But while these letters may seem insignificant, they can mean a lot to you when it's time to figure out whether a company is as reliable as they seem.
Top companies like Transamerica Life Insurance may have a rating of "AAA" or "AA-". Ratings like this are provided by independent industry monitors such as A.M. Best and Standard & Poor. The criteria for the ratings a life insurance company ultimately receives are its history of customer service and its financial stability. The better the rating, the more likely a life insurance company will be able to answer all of your questions quickly and accurately, and be there years from now when your family needs financial help to pay for things like your final expenses and their daily requirements.
Check out http://www.lifeinsurancecompaniesbystate.com/ for solid information about how to evaluate insurance companies and to make a wise choice when shopping for an insurance policy. You and your family deserve the best in care should the worst happen when you are least expecting it.
Article Posted In: How to Guides Life Insurance Companies
Categories: Life Insurance Companies, Providers Available in Your State, Consumer & Industry News, Great Planning Tips, How to Guides,