Apr 27
How should I choose a life insurance carrier?
There are a lot of life insurance companies out there with many plans to offer. So, which one do you choose? Do you go with your local agent because you know him or do you try to shop around to find the best rate. Well, that depends on you. But keep the following in mind.
Make sure you evaluate the financial strength, performance, and integrity of a life insurance company. Look for a company with a proven track record of financial strength, integrity, performance, and claims-paying ability. And, buy from a company that has a rating of A, A+, or A++ by A. M. Best, the country’s most recognized insurance company rating organization. These letter grade ratings are not warranties of an insurer’s current or future ability to meet its contractual obligation, but rather opinions based on the available facts about each life insurance company.
You may also want to check these other third party services:
- Standard & Poor’s
- Moody’s
- Fitch
- Weiss
(No Ratings Yet)
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