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How can I be confident the life insurance company will pay my claim?
It is extremely important to choose a well-managed term life insurance company that is financially strong and should be able to honor your family's life insurance claim in the future. You will want to be assured that if you were to die unexpectedly; those you love will receive the full amount of money to which they are entitled.
To protect consumers, there are several highly respected independent organizations that monitor life insurance companies and issue ratings. Among these are A.M. Best, Moody's Investor Services, Standard & Poor's and Weiss Ratings, Inc.
Each ratings firm uses its own evaluation process, but all companies typically analyze the life insurance company's financial strength, recent performance and stability of management. The important consideration is to choose a life insurance company that is highly rated by these firms.
The different life insurance ratings companies use different scale - some might use AAA to indicate strength, while another uses A++. And an A+ at one does not necessarily mean the same thing as AA at another. When checking life insurance company ratings, it's also a good idea to look at the previous year's rating.
In addition to ratings, you can also look for longevity. In other words, how long has the life insurance company been in business helping families?
Not only has American General Life been protecting the hopes and dreams of American families for nearly a century, American General Life has been #1 in term life sales for 5 of the last 10 years.
Start your free term life insurance quote from AmericanGeneralTermLife.com today!
Or, you can call us directly at 800-586-3072 and talk to one of our licensed life insurance agents at no cost.
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