This post was contributed by a community member. The views expressed here are the author's own. Group Term Life Insurance can be a great way to protect your business's future and protect your employees from sudden financial problems. However, before you buy a policy, make sure it is backed by a strong financial strength rating. Companies such as Guardian6 are excellent choices and have a strong ratings. Another consideration when purchasing life insurance is that companies selling policies often add extra layers of cost when converting a policy into permanent coverage. Group Term Life Insurance is a form of group insurance that provides death benefits to employees. This type of...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Fidelity Life Association, A Legal Reserve Life Insurance Company (Fidelity Life) (Chicago, IL). FLA is a wholly owned subsidiary of Vericity, Inc. (Vericity). The ratings reflect Fidelity Life’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. Fidelity Life’s risk-adjusted capitalization is assessed at the strongest level, as measured by the Best’s Capital Adequacy Ratio (BCAR), and supports the...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to Pillar Life Insurance Company (Pillar) (Harrisburg, PA). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Pillar’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management (ERM). As a new company formation, AM Best requires a level of conservatism to be built into initial capital levels, and the strong balance sheet strength assessment is based on the expectation that Pillar’s current risk-...
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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 Western Life Insurance Company (NWLIC) (Centennial, CO). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Ozark National Life Insurance Company (Ozark) (Kansas City, MO). In addition, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of National Western Life Group, Inc. (headquartered in Austin, TX) [NASDAQ: NWLI], the parent holding company of NWLIC and Ozark. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Blue Cross Life Insurance Company of Canada (Blue Cross Life). Blue Cross Life is domiciled in Moncton, Canada. The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Blue Cross Life’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ), and its subsidiary, Christian Fidelity Life Insurance Company (Dallas, TX), which are collectively referred to as Oxford Group. The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb” (Good) of North American Insurance Company (Madison, WI). The outlook of these ratings is stable. These companies are owned by the group’s ultimate parent, AMERCO [NASDAQ: UHAL],...
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OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Guardian Life Insurance Company of America (Guardian Life) (New York, NY) and its core subsidiaries, Guardian Insurance & Annuity Company, Inc. (Wilmington, DE) and Berkshire Life Insurance Company of America (Pittsfield, MA) (together referred to as Guardian). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “aa-” (Superior) of Guardian Life’s surplus notes. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the Long-Term IRs...
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latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/insurance-ratings-actions-a-m-best-upgrades-unum-insurance-71088335 content esgSubNav Insurance ratings actions: A.M. Best upgrades Unum Insurance S...
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Haven Life is an online life insurance agency that offers term life insurance only. You can apply for coverage entirely online and receive a near-immediate decision, as long as you're under the age of 45 and need less than $1 million in coverage. Haven Life accepts applicants with some common pre-existing chronic conditions, such as diabetes, though those who are healthy and relatively young will get the most competitive quotes. Should you need to work with its team or ask questions, Haven Life's customer service is particularly well-rated. Haven Life Term Life Insurance Haven Life's term life insurance is algorithmically underwritten. If you're under the age of 45, you need less than $1...
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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...
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