There are thousands of life insurance companies throughout the nation offering a variety of policies and services. While having a wide selection of options is certainly a luxury, it can also make it difficult to distinguish the good from the bad. Fortunately, there is a ranking system in place to help you find the best rated life insurance companies and make the most of your investment.
What are life insurance company ratings?
Life insurance company ratings assist first-time buyers and current policyholders in finding companies that offer services and policies they need with benefits at affordable and inexpensive premiums.
What do they determine?
Life insurance company ratings are determined by rating agencies. These agencies evaluate the standards of the company, as well as the quality of products and services. The rating system is similar to the letter grade system classically used in academia. A grade of a C+ is a below average rating, while a company with an A rating is definitely one to consider.
The most well-known rating agencies are A.M. Best, Moody’s, S&P, Weiss and Fitch. A.M. Best is the nation’s leading provider among the four and is Life Quote’s preferred choice for finding the highest ranked life insurance companies in the industry.
How do they help?
Life insurance company ratings keep the market competitive for consumers, ensuring the opportunity for you to find quality, affordable life insurance plans. Rating lists assist potential clients in finding the ideal company for their needs by sorting out which companies can offer the right services at a suitable price. In general, each company offers similar services at various prices or additional benefits with certain plans. A rating list assesses all the possibilities, including added benefits and prices and gives you an easy to read, ordered list to organize and guide your decision.
When Only the Best Will Do
LifeQuote takes the convenience of life insurance ratings to a whole new level. LifeQuote works exclusively with the best life insurance companies – only companies that receive an A (excellent), A+ and A++ (superior) rankings make our list, so you never have to worry about the quality standards of your life insurance company when working with LifeQuote. It is our way of ensuring you not only get an affordable policy, but your get the highest standard of service and benefits in the industry.
LifeQuote has more than 25 years of experience and expertise to help you find a life insurance plan that fits your needs best. You can get objective advice on not only choosing a life insurance company, but finding the right type of life insurance and determining how much life insurance you need. Contact LifeQuote for a free life insurance quote at 1.800.521.7378 or get a free quote online today.