Life Insurance Company Ratings 2020

Life Insurance Company Ratings 2020

Life Insurance Company Ratings 2020

Are you looking for a complete resource to see all the life insurance company ratings 2020? Then you have come to the right place. When looking to purchase a life insurance policy it’s imperative to check the financial rating before moving forward with an insurer.  Knowing the financial rating will provide the knowledge and peace of mind the insurance company is financially sound and will be able to payout a potential future claim.

Table of Contents

What Is A Life Insurance Company Rating?

A life insurance company rating is the financial rating (grade) provided from an independent rating agency. The rating is the agency’s opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. There are four main rating agencies; A.M. Best, S&P, Moody’s and Fitch. A.M. Best is considered the industry standard.

Life Insurance Company Ratings 2020 Chart

CompanyA.M. BestS&PMoody’sFitchComdex Rating
Northwerstern Mutual Life Insurance CompanyA++AA+AaaAAA100
New York Life Insurance CompanyA++AA+AaaAAA100
TIAA-CREF Life Insurance CompanyA++AA+Aa1AAA99
Thrivent Financial for LutheransA++

USAA Life Insurance CompanyA++AA+Aa1
MassMutual Life Insurance CompanyA++AA+Aa3AA+98
State Farm Life Insurance CompanyA++AAAa1
Guardian Life Insurance CompanyA++AA+Aa2AA+98
Knights of ColumbusA+AA+

C.M. Life Insurance CompanyA++AA+Aa3AA+98
MML Bay State Life Insurance CompanyA++AA+Aa3AA+98
Sun Life & Health Insurance CompanyA+AA

Great-West Life & AnnuityA+AAAa3AA97
Minnesota Life Insurance CompanyA+AA-Aa3AA96
Western & Southern Life Insurance CompanyA+AA-Aa3AA96
Integrity Life Insurance CompanyA+AA-Aa3 AA96
Columbus Life Insurance CompanyA+AA-Aa3AA96
Securian Life Insurance CompanyA+AA-Aa3AA96
MetLife Insurance CompanyA+AA-Aa3AA-95
Prudential Life Insurance Company of AmericaA+AA-Aa3AA-95
Pruco Life Insurance CompanyA+AA-Aa3AA-95
RiverSource Life Insurance CompanyA+AA-Aa3
American United Life Insurance CompanyA+AA-

State Life Insurance CompanyA+AA-

Lafayette Life Insurance CompanyA+AA-
Allianz Life Insurance Company of N. AmericaA+AAA1
Pruco Life Insurance Company of NJA+AA-
Banner Life Insurance CompanyA+AA-
William Penn Life Insurance Company of NYA+AA-
John Hancock Life Insurance CompanyA+AA-A1AA-93
Pacific Life Insurance CompanyA+AA-A1AA-93
Penn Mutual Life Insurance CompanyA+A+Aa3
Primerica Life Insurance CompanyA+AA-

Mutual of America Life Insurance CompanyA+A+
Lincoln National Life Insurance CompanyA+AA-A1A+91
Principal Life Insurance CompanyA+A+A1AA-91
Protective Life Insurance CompanyA+AA-A1A+91
West Coast Life Insurance CompanyA+AA-A1A+91
Globe Life & Accident Insurance CompanyA+AA-
American Income Life Insurance Company A+AA-
Companion Life Insurance CompanyA+A+

United American Insurance CompanyA+AA-
Principal National Life Insurance CompanyA+A+A1AA-91
United World Life Insurance CompanyA+A+

Nationwide Life Insurance CompanyA+A+A1
United of Omaha Life Insurance CompanyA+A+A1
Mutual of Omaha Life Insurance CompanyA+A+A1
Wilco Life Insurance CompanyA+

Texas Life Insurance CompanyA+

Midland National Life Insurance CompanyA+A+
North American Company Life & HealthA+A+
MONY Life Insurance CompanyA+A+A1A+89
Cincinnati Life Insurance CompanyA+A+
Reliance Standard Life Insurance CompanyA+
Allstate Life Insurance CompanyA+A+A2
Jackson National Life Insurance CompanyAA+A1A+84
Transamerica Life Insurance CompanyAA+A1A+84
American Heritage Life Insurance CompanyA+A
Ameritas Life Insurance CorporationAA+

Brighthouse Life Insurance Company of NYAA+

Dearbon National Life Insurance CompanyAA+

AXA Equitable Life Insurance Company of NYAA+A2
American General Life Insurance Company (AIG)AA+A2A+82
Symetra Life Insurance CompanyAAA1
Great American Life Insurance CompanyAA+A1
United State Life Insurance Company of NYAA+A2A+82
Life Insurance Company of the SouthwestAA+A2
CMFG Life Insurance CompanyAA+A2
Hartford Life & Accident InsuranceAA+A2
National Life Insurance CompanyAA+A2
MONY Life Insurance Company of AmericaAA+A2
Members Life Insurance CompanyAA+A2
Zurich American Life Insurance CompanyA+AA3
First Penn-Pacific Life Insurance CompanyAA-A1A+81
ReliaStar Life Insurance CompanyAA+A2A80
American National Insurance CompanyAA

Cigna Health & Life Insurance CompanyAAA2A79
Life Insurance of North AmericaA
Pacific Guardian Life Insurance CompanyAA

Brighthouse Life Insurance CompanyAA+A3A78
Athene Annuity & Life CompanyAA
Unum Life Insurance Company of AmericaAAA2A78
Connecticut General Life InsuranceAAA2A78
Horace Mann Life Insurance CompanyAAA2A78
New England Life Insurance CompanyAA+A2A78
Provident Life & AccidentAAA2A78
First Unum Life Insurance CompanyAAA2A78
Colonial Life & Accident InsuranceAAA2A78
Paul Revere Life Insurance CompanyAAA2A78
Mutual Trust Life Insurance CompanyA

Pan-American Life Insurance CompanyA

Provident Life & CasualtyA

Cigna Life Insurance Company of New YorkA

Blue Shield of CA Life & HealthA

Cigna Worldwide Insurance CompanyA

Aetna Life Insurance CompanyAA-A2A77
National Western Life Insurance CompanyAA-

Accordia Life & Annuity CompanyAA-
Savings Bank Mutual Life Insurance (SBLI)AA-

USAble LifeAA-

Forethought Life Insurance CompanyAA-A3A75
Commonwealth Annuity & LifeAA-A3A75
Ohio National Life Insurance CompanyAA-A3
Unum Insurance CompanyA-
Bankers Life & Casualty CompanyA-A-A3A-62
Washington National Insurance CompanyA-A-A3A-62
United Insurance Company of AmericaA-A-A3A-62
Colonial Penn Life Insurance CompanyA-A-A3A-62
American Equity Investment LifeA-A-
Fidelity & Guaranty Life Insurance CompanyA-BBB+Baa2BBB+59
Bankers Conseco Life InsuranceA-A-
Reliable Life Insurance CompanyA-A-
Union National Life Insurance CompanyA-A-
American Memorial Life Insurance CompanyA-A

Humana Insurance Company of KYA-A

Fidelity & Guarantee Life Insurance Company NYA-BBB+
Security Benefit Life Insurance CompanyA-A-

ShelterPoint Life Insurance CompanyA-A-

Union Security Insurance CompanyB++ABaa1
Eagle Life Insurance CompanyA-

American Equity Invest Life of New YorkA-

Delaware Life Insurance CompanyA-BBB+

Lincoln Benefit Life Insurance CompanyA-BBB

Genworth Life & Annuity Insurance CompanyBB-B1B49
Talcott Resolution Life Insurance CompanyB++BBBBaa3
Genworth Life Insurance CompanyC++B-B3CCC+44
Genworth Life Insurance Company of New YorkC++B-B3CCC+44
EquiTrust Life Insurance CompanyB++BBB+

Modern Woodmen of AmericaA

Southern Farm Bureau Life Insurance Company A+

Woodmen of the World Life A+

Farm Bureau Life Insurance CompanyA

COUNTRY Life Insurance CompanyA+

Sentry Life Insurance CompanyA+

Jefferson National Life Insurance CompanyA+

Farmers New World Life Insurance CompanyA

Americo Financial Life Insurance CompanyA

National Guardian Life Insurance CompanyA-

Auto-Owners Life Insurance CompanyA+

Gerber Life Insurance CompanyA

Union Labor Life Insurance CompanyA-

Kansas City Life Insurance Company A

Homesteaders Life CompanyA-

GBU Financial LifeA-

Assurity Life Insurance CompanyA-

Erie Family Life Insurance CompanyA

Farm Bureau Life Insurance Company MIA

Foresters Life Insurance & AnnuityA-

Combined Insurance Company of AmericaA+

United Farm Family Life Insurance Company A

Physicians Mutual Insurance CompanyA

Tennessee Farmers Life Insurance CompanyA+

Wilcac Life Insurance CompanyA+

Oxford Life Insurance CompanyA-

Federated Life Insurance CompanyA+

Liberty Bankers Life Insurance CompanyB++

Blue Cross & Blue Shield of KansasA

Physicians Life Insurance CompanyA

Trustmark Insurance CompanyA-

Sagicor Life Insurance CompanyA-

SBLI USA Life Insurance CompanyA-

United Life Insurance CompanyA-

Boston Mutual Life Insurance CompanyA

Alfa Life Insurance Corporation A

Illinois Mutual Life Insurance CompanyA-

Colombian Mutual Life Insurance CompanyB++

Funeral Directors Life Insurance CompanyA-

Great Western Insurance CompanyA-

Automobile Club Southern CA Life (AAA)A

Amica Life Insurance Company A+

Baltimore Life Insurance CompanyB++

Shelter Life Insurance CompanyA

Sentinel Security Life Insurance CompanyB++

Gleaner Life Insurance Society A-

Catholic Life InsuranceA-

Royal Neighbors of AmericaA-

American Republic Insurance CompanyA-

American Health & Life InsuranceB++

Lincoln Heritage Life Insurance CompanyA-

EMC National Life CompanyA-

Fidelity Security Life Insurance CompanyA

Auto Club Life Insurance CompanyA

Government Personnel Mutual Life InsuranceA-

AAA Life Insurance CompanyA

Anthem Life Insurance Company A

National Benefit Life Insurance CompanyA+

HM Life Insurance CompanyA

Guarantee Trust Life Insurance CompanyA-

Manhattan Life Insurance CompanyB+

United Heritage Life Insurance CompanyB++

Farm Bureau Life Insurance Co of MissouriA-

Motorists Life Insurance CompanyA-

National Teachers Association Life InsA-

New Era Life Insurance CompanyB++

U.S. Financial Life Insurance CompanyA-

Vantis Life Insurance CompanyA+

Standard Life & Accident A

Grange Life Insurance Company A-

Unimerica Insurance CompanyA

Settlers Life Insurance CompanyA-

National Farm Life Insurance CompanyB++

Fidelity Life AssociationA-

American Fidelity Life Insurance CompanyB++

Companion Life Insurance CompanyA+

Columbian Life Insurance CompanyB++

American-Amicable Life Insurance Co of TXA

UNICARE Life & Health Insurance CompanyA-

5 Star Life Insurance CompanyA-

Old American Insurance CompanyA-

Starmount Life Insurance CompanyA-

Lumio Life Insurance CompanyA

Garden State Life Insurance CompanyA

Why Are Life Insurance Company Ratings Important?

Choosing a life insurance company with a high rating will help ensure the company is financially strong and will have the ability to payout a claim in the future.

How To Read Life Insurance Company Ratings

As seen in the chart above, there are four main rating agencies when it comes to life insurance. The most commonly used and prominent is A.M. Best. This is because A.M. Best only global credit rating agency solely dedicated to the insurance industry. There is also S&P, Moody’s and Fitch. Another important metric to check is the Comdex Score. Below are the rating tables and definitions to help you quickly evaluate the financial strength of a life insurance company.

A.M. Best

A++, A+ (Superior)B, B- (Fair)
A, A- (Excellent)C++, C+ (Marginal)
B++, B+ (Good)C, C- (Weak)
 D (Poor)
 E (Under Regulatory Supervision)
 F (In Liquidation)
 S (Suspended)

Fitch Ratings

AAA: Highest credit quality.
‘AAA’ ratings denote the lowest expectation of default risk. They are assigned only in cases of exceptionally strong capacity for payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events.

AA: Very high credit quality.
‘AA’ ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events.

A: High credit quality.
‘A’ ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.

BBB: Good credit quality.
‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.

BB: Speculative.
‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time; however, business or financial flexibility exists which supports the servicing of financial commitments.

B: Highly speculative.
‘B’ ratings indicate that material default risk is present, but a limited margin of safety remains. Financial commitments are currently being met; however, capacity for continued payment is vulnerable to deterioration in the business and economic environment.

CCC: Substantial credit risk.
Default is a real possibility.

CC: Very high levels of credit risk.
Default of some kind appears probable.

C: Exceptionally high levels of credit risk.
Default is imminent or inevitable, or the issuer is in standstill. Conditions that are indicative of a ‘C’ category rating for an issuer include:

  • a. the issuer has entered into a grace or cure period following non-payment of a material financial obligation;
  • b. the issuer has entered into a temporary negotiated waiver or standstill agreement following a payment default on a material financial obligation; or
  • c. Fitch Ratings otherwise believes a condition of ‘RD’ or ‘D’ to be imminent or inevitable, including through the formal announcement of a distressed debt exchange.

RD: Restricted default.
‘RD’ ratings indicate an issuer that in Fitch Ratings’ opinion has experienced an uncured payment default on a bond, loan or other material financial obligation but which has not entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, and which has not otherwise ceased operating. This would include:

  • a. the selective payment default on a specific class or currency of debt;
  • b. the uncured expiry of any applicable grace period, cure period or default forbearance period following a payment default on a bank loan, capital markets security or other material financial obligation;
  • c. the extension of multiple waivers or forbearance periods upon a payment default on one or more material financial obligations, either in series or in parallel; or
  • d. execution of a distressed debt exchange on one or more material financial obligations.

D: Default.
‘D’ ratings indicate an issuer that in Fitch Ratings’ opinion has entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, or which has otherwise ceased business.

Moody’s Investors Service

»Aaa– highest rating, representing minimum credit risk

»Aa1, Aa2, Aa3– high-grade

»A1, A2, A3– upper-medium grade

»Baa1, Baa2, Baa3– medium grade

Standard & Poor’s (S&P)

AAAAn obligation rated ‘AAA’ has the highest rating assigned by Standard & Poor’s. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong.
AAAn obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitment on the obligation is very strong.
AAn obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitment on the obligation is still strong.
BBBAn obligation rated ‘BBB’ exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.
BB; B; CCC; CC; and CObligations rated ‘BB’, ‘B’, ‘CCC’, ‘CC’, and ‘C’ are regarded as having significant speculative characteristics. ‘BB’ indicates the least degree of speculation and ‘C’ the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposures to adverse conditions.
BBAn obligation rated ‘BB’ is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions which could lead to the obligor’s inadequate capacity to meet its financial commitment on the obligation.
BAn obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitment on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitment on the obligation.
CCCAn obligation rated ‘CCC’ is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitment on the obligation.
CCAn obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The ‘CC’ rating is used when a default has not yet occurred, but Standard & Poor’s expects default to be a virtual certainty, regardless of the anticipated time to default.
CAn obligation rated ‘C’ is currently highly vulnerable to nonpayment,and the obligation is expected to have lower relative seniority or lower ultimate recovery compared to obligations that are rated higher.
DAn obligation rated ‘D’ is in default or in breach of an imputed promise. For non-hybrid capital instruments, the ‘D’ rating category is used when payments on an obligation are not made on the date due, unless Standard & Poor’s believes that such payments will be made within five business days in the absence of a stated grace period or within the earlier of the stated grace period or 30 calendar days. The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions. An obligation’s rating is lowered to ‘D’ if it is subject to a distressed exchange offer.
NRThis indicates that no rating has been requested, or that there is insufficient information on which to base a rating, or that Standard & Poor’s does not rate a particular obligation as a matter of policy.

Comdex Score

Comdex Ranking

The Comdex score is the average ranking a company receives from the four major rating agencies in America.  The Comdex score is not a rating itself, but rather an unbiased number that can be used to quickly and easily compare the ratings a company has received from the top rating agencies.

How to Read It?

Rather than using letters, Comdex uses numbers on a scale of 1 to 100, with 100 being the best possible score and 1 being the lowest score.  The Comdex ranking is objective and based exclusively on the calculated ratings from the four major rating agencies.

Insurance Rating Services Used in Calculation

Comdex is determined on the evaluations from the following rating services:

  • AM Best
  • Standard & Poor’s
  • Moody’s Investors Services
  • Fitch

A company must receive ratings from at least two of the four major rating agencies in order to receive a Comdex score.

Final Thoughts

Always look at the life insurance company ratings 2020 before selecting the insurer that will protect your family or business. A good rule of thumb is to always choose a company with an [A] Excellent rating or better from A.M. Best. By following this axiom, you will have the peace of mind that the industry leading rating agency has assessed that the insurance company has an Excellent or Superior ability to meet their ongoing insurance obligations.

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