What financial criteria is used in selecting a safe insurance company?
There are a number of ways in which to evaluate the financial strength, performance, and integrity of a life insurance company. At MBL, we maintain a database of financial information about several hundred life insurance companies. We only monitor the rates from insurance companies with a proven track record of financial strength, integrity, performance, and claims-paying ability. We can provide you with a financial profile, which includes the “ratings” from all of the above services, on every company we quote, as we maintain and update these ratings in our database of several hundred life insurance companies.
There are a number of ways in which to evaluate the financial strength, performance, and integrity of a life insurance company. At Richard Whitaker Insurance Services Inc., we maintain a separate database of financial information about several hundred life insurance companies. We only monitor the rates from insurance companies with a proven track record of financial strength, integrity, performance, and claims-paying ability. And, before quoting any company, we require that it have a rating of A, A+, or A++ by A. M. Best, the nations leading independent evaluator of insurance companies since 1899. As part of our service, we provide a financial profile of the companies quoted.
Insurance company rating organizations assign letter grades (from A++ to F) to all insurance companies. The letter grades represent the company’s financial strength, integrity, performance and claim-paying ability. AccuQuote only represents companies with a rating of A or higher by A.M. Best, the most recognized insurance company rating organization.
