Research

Searching the internet to find answers or information about insurance can be frustrating. Beamalife is committed to simplifying that process. We have provided multiple links to other websites allowing you to access information concerning how insurance companies are rated and work. You will find links to most insurance companies and insurance company's regulatory body the state insurance department. This is just one of the many ways Beamalife enables you, the consumer, to become more familiar with our industry and the many choices available.

Insurance Rating System

The table below gives you an idea of what each of the various ratings mean. Insurance companies are rated by five major rating services. Each service uses its own criteria to issue a "report card" for the companies it rates. Although each service uses an alphabetical rating scale, an A+ from one service may not mean the same as an A+ from another. The following chart lists the ratings available from the five companies and groups them by rating strength.

Rating description A. M. Best Fitch Moody's Standard & Poor's Weiss/ The Stree
Superior
minimal risk of financial instability, most able to meet claim obligations. 		A++
A+ 		AAA Aaa AAA A+
Excellent
financially strong with excellent claims-paying ability. 		A
A- 		AA+
AA
AA- 		Aa1
Aa2
Aa3 		AA+
AA
AA- 		A
A-
Good
good claims-paying ability, stronger than the average company. 		B++
B+ 		A+
A
A- 		A1
A2
A3 		A+
A
A- 		B+
B
B-
Adequate
higher risk than "good" rating. 		B
B- 		BBB+
BBB
BBB- 		Baa1
Baa2
Baa3 		BBB+
BBB
BBB- 		C+
C
C-
Below Average
below-average claims-paying ability and financial strength. 		C++
C+ 		BB+
BB
BB- 		Ba1
Ba2
Ba3 		BB+
BB
BB- 		D+
D
D-
Financially Weak
high degree of risk, vulnerable to default. 		C
C-
D 		B+
B
B- 		B1
B2
B3 		B+
B
B- 		E+
E
E-
Nonviable
extremely risky, in or near default. 		E
F 		CCC
CC
C
DDD
DD
D 		Caa
Ca
C 		CCC
CC
R 		F

To get further rating information; visit the rating company websites below:

   A.M. Best – www.ambest.com
   Fitch - www.fitchratings.com
   Moody’s - www.moodys.com
   Standard & Poor’s - www.standardandpoors.com
   Weiss - www.weissratings.com

Ratings of Insurance Companies

Insurance Commissions - By State

 
 
 
 
 







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