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Research on Life Insurance Companies and their Ratings

Most of us don't have the information or the skills to compare one life insurance company against another financially. But choosing the right life insurance company is every bit as important as choosing the right type of life insurance coverage. After all, it doesn't do any good to buy life insurance from a company that won't be around when you need them the most.

That's why most consumers look at the independent evaluations of life insurance ratings companies, such as A.M. Best, Fitch, Moody's, and Standard and Poor's. Each provider uses a slightly different method of evaluating the financial strength and claims-paying ability of life insurers, but even so, it's possible to make a comparison between the various life insurance companies in the market today.

A.M. Best is a provider that works exclusively in the insurance marketplace, looking at the strength of an insurance company's balance sheet, performance, and business profile. Companies pay a fee to be rated by A.M. Best, and insurer results are posted on the A.M. Best website. Fitch Ratings uses a number of criteria to determine the financial strength of an insurer, including financial statements, management reports, and company projections. Moody's Investors Service uses other factors, such as market position, product focus, asset quality and profitability to determine their ratings of life insurance companies. And Standard and Poor's looks at an insurer's management team, competitive position, and ability to manage risk.

Looking at the ratings provided by each of the ratings services can give you a very good idea of how strong and stable the insurer that you're thinking of buying coverage from actually is. Another good resource is your state's insurance department. Life insurance companies must regularly provide financial information to the insurance commissioners of the states in which they sell life insurance policies. Your state's insurance office will have accurate and up-to-date information about the life insurance companies that you're considering purchasing from.

At BeamaLife, we've created our own proprietary technology and system to make evaluating and choosing the best life insurance coverage from the best life insurance carriers simple. We work with more than 100 of the top life insurance companies, and our specialists will answer any questions you have about the financial strength and stability of the life insurance companies you're considering. Call a life insurance specialist at (866) 972-3262 or request a life insurance quote online today!

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

Superior
minimal risk of financial instability, most able to meet claim obligations.

Excellent
financially strong with excellent claims-paying ability

Good
good claims-paying ability, stronger than the average company.

Adequate
higher risk than "good" rating.

Below
Average below-average claims-paying ability and financial strength.

Financially
Weak high degree of risk, vulnerable to default.

Nonviable
extremely risky, in or near default.

A. M. Best

A++
A+

A
A-

B++
B+

B
B-

C++
C+

C
C-
D

E
F

Fitch

AAA

AA+
AA
AA-

A+
A
A-

BBB+
BBB
BBB-

BB+
BB
BB-

B+
B
B-

CCC
CC
C
DDD
DD
D

Moody's

Aaa

Aa1
Aa2
Aa3

A1
A2
A3

Baa1
Baa2
Baa3

Ba1
Ba2
Ba3

B1
B2
B3
D

Caa
Ca
C

Standard & Poor's

AAA

AA+
AA
AA-

A+
A
A-

BBB+
BBB
BBB-

BB+
BB
BB

B+
B
B-

CCC
CC
R

Weiss The Stree

A+

A
A-

B+
B
B-

C+
C
C-

D+
D
D-

E+
E
E-

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

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