Understanding life insurance company ratings | Protective Life

what is an insurance company rating?

  • a++, a+ (superior)
  • a, a- (excellent)
  • b++, b+ (good)
  • b, b- (regular)
  • c++, c+ (marginal)
  • c, c- (weak)
  • d (poor)
  • e (under regulatory supervision)
  • f (in liquidation)
  • s (rating suspended)

why are financial ratings important?

An insurance company’s credit rating indicates its ability to pay policyholders’ claims. Imagine paying your life insurance premiums for years, and when your family needs you most, the insurer can’t keep its promise. As a consumer, you have the right to know the financial stability of the life insurance company in which you are placing your trust.

how to get a financial rating?

For rating information, visit the rating services’ websites or call their customer service departments. Most rating services provide free rating information to consumers, although you may have to pay if you need multiple ratings. You can also request rating information from your insurance agent or broker.

Reading: How are life insurance companies rated

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*as long as required premium payments are made on time. note: an insurer may have paid a fee to the rating agency.

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1. limra insurance barometer study 2021, 2021.

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