Understanding Life Insurance Company Ratings

Life insurance is an important investment and a great way to make sure your loved ones are financially secure should something happen to you. While you might be more focused on the policy, choosing the right life insurance company can be just as important. Here are a few things to know before deciding on a life insurance company.

How are life insurance companies rated?

Life insurance companies are commonly rated by customer satisfaction, financial strength and cost. Customer satisfaction and cost are more obvious, but financial strength ratings often come from independent agencies that have ratings based on the assessment of the life insurance company’s financial health. The higher the rating, the more likely an insurance company is to pay future claims. 

Things to Remember About Life Insurance Company Ratings

Reputable claim handling, strong financial standing and highly rated customer service are important factors to consider alongside coverage and price when looking for the right life insurance carrier for you. Reading professional and consumer reviews is a good place to start, because while you might only have a few interactions with the company, you’ll appreciate one that offers exceptional customer service. You’ll also want to have an idea of what type of life insurance policy you’re interested in to make sure your carrier has a variety of options for you. 

SelectQuote Partners With Highly-Rated Life Insurance Companies

We shop some of the most trusted insurance companies to help you save both time and money. The life insurance companies we work with have been carefully chosen to provide favorable rates for all types of situations, giving you the power of choice and the opportunity to find the life insurance that’s right for you.

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