A+ Rated Life Insurance Companies 2023

Are you looking for a current list of the A+ rated life insurance companies 2023? Then you have come to the right place. Whether you’re looking to check the rating for a specific company or want to see a full list to help you are choose highly rated insurer, this article is for you.

Table of Contents

• List of A+ Rated Life Insurance Companies 2023
• A+ Rated Life Insurance Companies Premiums
• What Does an A+ Rated Company Mean?
• Is There Any Life Insurance Rating Higher Than A+?
• Final Thoughts
• FAQS

A+ Rated Life Insurance Companies 2023 List

*Ratings from A.M. Best, updated 12/22/2022

Click here for a chart of of all the life insurance companies and their financial ratings 2023.

A+ Rated Life Insurance Companies Premium Chart

Below are the sample monthly rates for a 45-year old, male, excellent health on a 10-year term. D.O.B. 12/15/1978

_{*Rates updated 12/22/2022}

What Does an A+ Rated Company Mean Exactly?

An A+ rating is the financial strength grade the leading life insurance rating agency, A.M. Best has given to a life insurance company. An A+ rating means that in their opinion, the insurance company has a ‘Superior’ ability to meet their ongoing insurance obligations. The Superior category is the highest tier as seen in the chart below. The ratings from A.M. Best help consumers quickly asses an insurer’s financial strength to help them choose a company with a strong balance sheet and safe investment grade portfolio.

A.M. Best Rating Chart 2023

Is There Any Life Insurance Rating Higher Than A+?

The only financial rating higher than an A+ by A.M. Best is an A++. As of this writing, there are less than a dozen life insurance companies with an A++ rating. Some of the these companies include; New York Life, Northwestern Mutual, MassMutual, Haven Life, State Farm and a few others.  While these companies are very strong financially, their underwriting tends to be very strict and their rates are often significantly more than A+ rated companies seen above such as; Pacific Life, Prudential, John Hancock, etc. Also, both an A++ and an A+ rated company are both is the same category, Superior, the highest class. This is why many choose to go with an A+ rated company to get the best of both worlds, lower rates, favorable underwriting but still with an insurer in the highest rating category, Superior.

A+ Rated Life Insurance Companies- Bottom Line

When shopping for life insurance it’s imperative to look at the company’s financial rating from A.M. Best. A.M. Best is the foremost authority credit rating agency when it comes to life insurance.  When an insurer receives an A+ rating from A.M. Best, this means the insurer is in their highest category, Superior, for financial strength. This rating provides added peace of mind the insurance company is financially strong and will be able to protect your loved ones. The A+ rated insurers will often have the most favorable underwriting guidelines and much lower rates compared to the A++ rated companies while still maintaining the Superior financial rating.

Updated 12/27/2022