SINGAPORE--( BUSINESS WIRE )--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of BNZ Life Insurance Limited (BNZ Life) (New Zealand). These Credit Ratings (ratings) were placed under review with negative implications on 18 December 2020, following the announcement that National Australia Bank Limited, BNZ Life’s ultimate parent, had entered into an agreement to sell its New Zealand life insurance business, including BNZ Life, to Partners Life Limited (Partners Life). The transaction also includes the establishment of an exclusive 10-year agreement for the...
Continue reading...
Term Life Insurance Ratings Learn About Ratings for Term Life Insurance What are the top-rated term life insurance companies? Term life insurance is a good place to start your family’s life insurance program if you have never had life insurance coverage or need affordable life insurance protection. Term insurance policies are cheaper than whole life or universal life insurance, and they provide protection for a set period of time up to 30 years. The most important things to consider when choosing your term life plan include the amount of life insurance and the available riders for customizing your term policy to your needs, and the cost of life insurance protection. Also, the insurer’s...
Continue reading...
Financial Strength A (AM Best) Flexibility No policy customization Support Email, Phone, Online, Agent User Ratings ConsumerAffairs 2.8 Availability All states, except New York AAA Life offers a wide range of life insurance products and great customer service. Read the AAA Life Insurance reviews we gathered to learn more. About the Company AAA Life Insurance Company is among the popular insurance companies in the U.S. While the company isn’t directly owned by American Automobile Association (AAA), it is still owned by large entities making up the AAA. This life insurance company has more than $400 million in written premiums, over $1.3 million of active policies, and claims made are more...
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of National Life Insurance Company (NLIC) (Montpelier, VT) and its wholly owned subsidiary, Life Insurance Company of the Southwest (Addison, TX). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) on the surplus notes of NLIC. Both companies are life insurance subsidiaries of NLV Financial Corporation (NLVF) (headquartered in Montpelier, VT), which is the intermediate holding company in the organization’s mutual holding company structure, and are...
Continue reading...
AM Best affirms Coralisle rating after Massy purchase AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy United Insurance Ltd, the Bermudian-based insurer reported today. The company said AM Best affirmed CG’s financial strength rating of “A” (Excellent) and the long-term issuer credit ratings of “a” for the group’s life/health and property/casualty subsidiaries. The outlook assigned to these credit ratings is stable. Concurrently, AM Best has removed from under review with developing implications and affirmed the financial strength rating of A...
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the primary life insurance subsidiaries of Protective Live Corporation (headquartered in Birmingham, AL), collectively known as Protective Life. Additionally, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IR) of Protective Life Corporation. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of these subsidiaries and ratings.) The ratings reflect Protective Life’s balance sheet strength, which AM Best...
Continue reading...
Geojit assigns ‘subscribe’ rating to the LIC IPO The LIC IPO will be the country's largest to date, with a targeted windfall of $2.7 billion. (Photo: AFP) The issue received a robust response from institutional investors, with ₹ 5,620 crore worth of shares reserved for anchor investors getting fully subscribed. Investors, including Norwegian wealth fund Norges Bank Investment Management and Singapore sovereign wealth fund GIC, were allocated shares of LIC before the sale opens to the public. A recent note by Geojit Financial Services (Geojit) has recommended subscribing to the LIC IPO, on a short-to-medium term basis, which closes on 9 May. The note highlights some of LIC’s key strengths....
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long- Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of National Guardian Life Insurance Company (NGLIC) (Madison, WI). In addition, AM Best has affirmed the Long-Term Issue Credit Rating of bbb+ (Good) on the $47 million, 6.45% surplus notes, due 2035, issued by NGLIC. The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has downgraded the FSR to B++ (Good) from A (Excellent) and the Long-Term ICR to “bbb“ (Good) from “a” (Excellent) of Commercial Travelers Life Insurance Company (Commercial Travelers) (Albany, NY). These ratings have...
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of EquiTrust Life Insurance Company (EquiTrust) (Chicgao, IL). The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. The Credit Ratings (ratings) reflect EquiTrust’s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The upgrade of the Long-Term ICR reflects a trend of EquitTrust’s increasing level of risk-...
Continue reading...
Bestow Life Insurance Overview Bestow life insurance promotes itself as an easy way to access life insurance. Most life insurance companies require customers to take part in a health exam before approval. Instead, Bestow asks consumers to answer a health and lifestyle questionnaire that it uses to determine eligibility. The insurance provider offers policies in five-year increments. Coverage terms range from 10 to 30 years. Applicants between the ages of 18 and 60 may be eligible based on certain criteria. Applicants can opt for coverage ranging from $50,000 to $1.5 million. North American Company for Life and Health Insurance as well as Munich Re — both of which received A+ ratings from...
Continue reading...
