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.
|
|
|
