How Do I Know If An Insurance Company Is Creditable?

What To Look For In A Fixed Annuity When It Comes To Ratings

How do I know the insurance company is creditable?

There are about 50 insurance carriers, but ONLY 12 investable. If an AM Best Rating is below an A-, it would be advisable to disregard any investment or long term relationship with them. 

Here are two rating companies to research when you are trying to find the best annuities to purchase.

A.M. Best

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry.  Contract owners refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles. 

ONLY WORK WITH CARRIERS THAT ARE A- or HIGHER

What is the Comdex Ranking of your insurance company?

AM Best, Fitch, Moody’s and S&P. The Comdex is not in reality a rating but rather a ranking based on the average of all the different ratings these different organizations give an insurance company. The Comdex rating is on a number scale of 1 to 100with a higher number being the better ranking. A good rule of thumb is 80% or higher.

How Do I Know If An Insurance Company Is Creditable? – Tennessee Annuity Rates

There are about 50 insurance carriers, but ONLY 12 investable. If an AM Best Rating is below an A-, it would be advisable to disregard any investment or long term relationship with them. Here are two rating companies to research when you are trying to find the best annuities to purchase.