What are Term Life Insurance Ratings?

Ratings on a term life insurance company are an indication of that insurer's ability to meet their financial obligations, including paying their claims in a timely manner.

In addition, the rating issued by an independent financial rating agency is an indication of the insurer's financial strength.

Some of the leading rating agencies that review the financials of insurers to develop a rating include A.M. Best, Moody's and Standard & Poor's, among others.

When selecting your term life insurance carrier make sure to consider and review the financial rating of the carrier, because you want to make sure the insurer will be around to pay any claim on your life insurance policy when the time comes.

Learn more about term life insurance company ratings.