Additional information about the insurance companies can be found by reading insurance company rating service reports. Five major insurance rating companies grade insurers on their financial health and ability to pay claims. These companies are: A.M. Best, Standard & Poors, Moody’s Investor Service, Duff & Phelps, and Weiss Research. You should check two or three of these services to get a good look at the company’s condition. They can usually be found in your local library.
Annuity Insurance Guide
Wednesday, September 3, 2008
Sunday, August 31, 2008
Universal Life Insurance - How To Protect Your Investment?
Recently, high-risk investment strategies have threatened the solvency of some companies and thus the safety of policy benefits. Be sure to check out the insurer’s industry rating (as provided by independent rating services) before committing your funds. Also, make sure that your life insurance company is licensed in California. Owners and group insurance certificate holders of life insurance policies issued by companies licensed in California may be partially protected in the event of the failure of the insurer by the California Life and Health Insurance Guarantee Association.
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