#8 of 12 in the Life Insurance “Checklist For The Real World” series.
What's in an insurance carrier rating??
Rather than try to explain it here, it's already been explained here: A.M. Best Consumer Insurance Center:
If you did what is recommended in the previous article, brokerage selection , this won’t be an issue.
However, if you skipped that part you will now need to make sure the company you are considering is at least “A” rated by “A.M. Best Company”. There are other ratings companies, but A.M. Best is most well known.
The “Life Insurance Company Ratings Trick”
How To Select A Life Insurance Brokerage
Life Settlements FAQ – What If I Die Shortly After Selling My Policy?
Life Settlement FAQ – What if I Change My Mind?
Life Settlement FAQ – When Will I Get My Money And From Whom? And What Happens After?
Life Settlement FAQ – Is My Information Private & Confidential?