Life Insurance Rating Categories
While price is one of the most important factors when choosing your company, make sure you look at the financial ratings as well. The financial-strength ratings measure the insurance companies’ ability to pay out claims. You want to go with a company that will be able to pay out the claim promised in the policy.
You can see the A.M. Best rating for the companies using this quote engine. A.M. Best is the leading rating service.
Here are the top 15 rating categories for the leading rating services.
|A.M. Best||Fitch||Moody’s||Standard & Poor’s|
|1||A++ = Superior||AAA = Exceptionally Strong||Aaa = Exceptional||AAA = Extremely Strong|
|2||A+ = Superior||AA+ = Very Strong||Aa1 = Excellent||AA+ = Very Strong|
|3||A = Excellent||AA = Very Strong||Aa2 = Excellent||AA = Very Strong|
|4||A- = Excellent||AA- = Very Strong||Aa3 = Excellent||AA- = Very Strong|
|5||B++ = Good||A+ = Strong||A1 = Good||A+ = Strong|
|6||B+ = Good||A = Strong||A2 = Good||A = Strong|
|7||B = Fair||A- = Strong||A3 = Good||A- = Strong|
|8||B- = Fair||BBB+ = Adequate||Baa1 = Adequate||BBB+ = Good|
|9||C++ = Marginal||BBB = Adequate||Baa2 = Adequate||BBB = Good|
|10||C+ = Marginal||BBB- = Adequate||Baa3 = Adequate||BBB- = Good|
|11||C = Weak||BB+ = Fairly Weak||Ba1 = Questionable||BB+ = Marginal|
|12||C- = Weak||BB = Fairly Weak||Ba2 = Questionable||BB = Marginal|
|13||D = Poor||BB- = Fairly Weak||Ba3 = Questionable||BB- = Marginal|
|14||E = Regulatory Supervision||B+ = Significantly Weak||B1 = Poor||B+ = Weak|
|15||F = In Liquidation||B = Significantly Weak||B2 = Poor||B = Weak|