"What are company ratings?"

The financial strength of the insurer is often the most important part of the decision making process. That's why it is vital to check with rating companies, such as:

• Standard & Poor's (S&P)
• Moody's
• A.M. Best
• Fitch Ratings

These companies, such as Standard & Poor's, conduct extensive reviews, which include interviews by Standard & Poor's analysts with the company's management, providing a solid understanding of the insurer's current and future operational and financial condition.

 

It is a good idea to visit each rating company's respective web site to gain further insight into their ratings system.

 

Always demand a to see a recent printed report showing the ratings of the company whose product is being recommended.

 

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Why are ratings of extreme importance?

 

 

 

Click a link below to jump to another section of the article:

 

I'm buying term insurance. Why should it matter what company I choose?

 

Should I be getting quotes from 10, 20 or more insurance companies?

 

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