Do some life insurance companies really compensate some of the ratings agencies to highlight certain favorable information and suppress certain unfavorable information?
Absolutely. We feel that this deception is avoided by using Weiss ratings – a truly non-biased ratings agency. It is interesting to note that in 2003, Weiss Ratings assigned an ‘A’ class rating to less than 5% of the life insurance companies doing business in the U.S. By contrast, A.M. Best Company, the most widely quoted insurance ratings agency, assigned an ‘A’ class rating to over 60% of the companies doing business in the U.S….Scary.
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