Disability Insurance Companies

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Insurance Company Rating Categories

In choosing a disability insurance company the first and most important point is the financial strength of the insurance company backing the policy. This concern should come even before the comparison that one does on pricing and benefits. If the insurance company backing the disability insurance policy is financially incapable of giving you your benefits that were promised then every other thought that was involved in the initial comparison was unimportant.

When you're rating insurance companies, there are a few steps to follow. Look into your choice of disability insurance by checking price, the wording of definitions of disability and policy design, but it's a primary step to look into the insurance company's ability to pay - its financial strength.

Rating Insurance Companies Is Important

Research the insurance company's financial strength rating. There exist independent companies that make insurance rating simpler by grading the financial strength of financial institutions. This is done by a letter using an insurance rating system similar to school grades. The health insurance rating analysts are independent companies that are paid to evaluate a disability insurance company's financial strength. Below you will find a chart of the different financial ratings from the leading insurance company rating companies. We at ProtectYourIncome.com can access and go over any insurance company's financial ratings with you.

Insurance Company Comparison

The insurance company comparison graphic includes information on the health insurance rating data from Standard & Poor's, A.M. Best and Company, Moody's Investor Service and Fitch.
Rank Number A.M. Best Standard & Poor's Moody's Fitch
  Financial Strength Financial Strength Financial Strength Financial Strength
1 A++
Secure / Superior
AAA
Extremely Strong
Aaa
Exceptional
AAA
Secure / Highest
2 A+
Secure / Superior
AA+
Very Strong
Aa1, Aa2, Aa3
Excellent
AA+
Secure / Very High
3 A
Secure / Excellent
AA
Very Strong
A1, A2, A3
Good
AA
Secure / Very High
4 A-
Secure / Excellent
AA-
Very Strong
Baa1, Baa2, Baa3
Adequate
AA-
Secure / Very High
5 B++
Secure / Very Good
A+
Strong
Ba1, Ba2, Ba3
Questionable
A+
Secure / High
6 B+
Secure / Good
A
Strong
B1, B2, B3
Poor
A
Secure / High
7 B
Vulnerable / Fair
A-
Strong
Caa
Very Poor
A-
Secure / High
8 B-
Vulnerable / Fair
BBB+
Good  
Ca
Extremely Poor
BBB+
Secure / Adequate
9 C++
Vulnerable / Marginal
BBB
Good  
C
Lowest
BBB
Secure / Adequate
10 C+
Vulnerable / Marginal
BBB-
Good  
  BBB-
Secure / Adequate
11 C
Vulnerable / Weak
BB+
Marginal
  BB+
Uncertain
12 C-
Vulnerable / Weak
BB
Marginal
  BB
Uncertain
13 D
Vulnerable / Poor
BB-
Marginal
  BB-
Uncertain
14 E
Vulnerable / Under State Supervision
B+
Weak
  B+
Possessing Risk
15 F
Vulnerable / In Liquidation
B
Weak
  B
Possessing Risk
16 S
Rating Suspended
B-
Weak
  B-
Possessing Risk
17   CCC+
Very Weak
  CCC
Substantial
Risk
18   CCC
Very Weak
  DD
Liquidating
19   CCC-
Very Weak
  SR
Suspended Rating
20   CC
Extremely Weak
   
21   R
Regulatory Action
   
 

Based on public information only.

 


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Copyright © 2005 Oleg Skurskiy Authorized Independent Agent, CA License 0E50389