There are five major insurance industry rating services: A.M. Best, Standard & Poor´s, Moody´s, Fitch (formerly Duff & Phelps), and Weiss. These independent services provide information on insurance company financial performance, stability, claims-paying ability, and more. Each rating service has a different set of criteria and may focus on one or more aspects of a company´s financial performance. For more information on the rating services, consumers can contact them directly through their websites.The rating companies and their top ratings are as follows:
It’s very important to take into consideration the ratings of life insurance companies because will be relying on them to be around and pay out death benefits when needed. Excellent customer service, affordable rates, and no-exam policy are some of the few components that give best ratings to a life insurance company. Please read our post on best life insurance companies to find out more.
We have many articles that can help you guide in buying life insurance. For more information about selecting an insurance company read the following pages
- Life insurance companies
- Choosing the right life insurance company
- Use the life quote engine
- Buying life insurance online
- Larger company means lower rate
- The facts about life insurance rates
Always be sure to take the time to do your research. With LifeQuote, you can learn more about the insurance carriers we represent by reviewing their financial ratings on www.ambest.com, one of the top insurance rating services in the country. If you have any questions about lifeQuote’s unique quoting processes, feel free to contact us; connect with one of our knowledgeable representatives immediately, send us an email, or call our licensed agents at 1-800-521-7873.