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Top Rated Life Insurance CompaniesCNA Life Insurance Company |
Information about Valley Forge Insurance Company and in New York only, Continental Assurance Company
100 C.N.A. Drive, Nashville, TN 37214-3439
About The Company: In their own words
History of CNA Life
The CNA life insurance companies include Valley Forge Life Insurance Company and Continental Assurance Company.
Together, they form a life insurance group that ranks among the top life insurers in the nation, in terms of total life/health net written premium.
The CNA life companies have:
(as of December 31, 2002):
- Assets of $29 billion (liabilities of $26 billion)
- Capital and surplus of $391 million
- Net written premiums of $1.3 billion
Industry Ratings
The CNA life insurance companies are committed to maintaining the strength, the stability and the products that will help you keep the commitments you make to your family and your business.
Industry rating agencies A.M. Best, Moody´s, Standard & Poor´s and Duff & Phelps have awarded identical, high ratings to both Continental Assurance Company (CAC) and Valley Forge Life Insurance Company (VFL).
For a more detailed explanation of the ratings, click the links to the rating agencies located in the table.
| As of 12/31/00 Subject to change without notice |
| Rating Agency |
Rating |
Criteria |
|
A.M. BEST |
A (Excellent) |
Financial Strength |
|
Moody´s |
Bea1 |
Financial Strength |
|
Standard & Poor´s |
A |
Financial Strength |
|
Fitch |
A+ |
Claims-paying Ability |
The figures shown above were prepared based on information available on
December 31, 2000.
Source: C.N.A.
The ratings are determined by independent ratings services based on information provided by the life insurance company. Each ratings service has it´s own criteria used in determining the rating they assign to an insurance company. Ratings are updated annually. Ratings are not a guarantee of an insurance company´s present or future ability to meet its contractual obligations.
Company information, ratings, financial data, and descriptions of policies and benefits are provided by the insurance company and this information may change at any time.
Insurance policy information:
Level premium term life insurance:
Plan name: Term Life 100 (outside of New York)
| Level premium periods and policy form numbers: |
| Policy Name |
Level Premium Years |
Guaranteed Years |
Policy Form# |
| Term Life 105G |
5 |
5 |
V100-1182 |
| Term Life 110G |
10 |
10 |
V100-1182 (A-E) |
| Term Life 115G |
15 |
15 |
V100-1182 (A-E) |
| Term Life 120G |
20 |
20 |
V100-1182 (A-E) |
Premiums increase annually to age 85 after the initial level premium period
Level premium term life insurance in New York: Plan name: ViaTerm NY
| Level premium periods and policy form numbers: |
| Policy Name |
Level Premium Years |
Guaranteed Years |
Policy Form# |
| ViaTerm NY 5 |
5 |
5 |
L100-1083A |
| ViaTerm NY 10 |
10 |
10 |
L100-1083B |
| ViaTerm NY 15 |
15 |
15 |
L100-1083C |
| ViaTerm NY 20 |
20 |
20 |
L100-1083D |
Premiums increase annually to age 85 after the initial level premium period
Riders and Options:
Waiver of Premium: Waiver of premium benefit ceases at policy anniversary nearest the insured´s 65th birthday.
Conversion: Available until the policy anniversary nearest the insured´s 70th birthday.
Modal Premium (multiply the annual premium by these factors): Semi-Annual: .51; Quarterly: .26; PAC Monthly: .0875.
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