What are AM Best Insurance Ratings and How Do They Work?
AM Best Company is an independent rating agency that rates the financial strength of financial institutions, including life insurance companies.
The financial strength rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. This rating is assigned to insurance companies.
Who is AM Best Company?
AM Best is a leading independent financial rating agency. AM Best Company reviews the financial statements of insurers and develops a rating based on their assessment of the insurer’s ability to meet their financial obligations, and pay their claims.
The higher the financial rating of a life insurance company the better able the insurer is to pay their claims and meet their financial obligations.
A worldwide insurance-rating and information agency with more than 100 years of history. The company was founded in 1899 by Alfred M. Best.
A.M. Best is the leading provider of financial ratings, news, data, and financial information on the insurance industry.
What is the Top AM Best Insurance Rating?
The top rating offered by AM Best is A++ Superior, the best of 16 financial rating classifications from AM Best.
How Can I Compare AM Best Ratings for Insurance Companies?
You can request free life insurance quotes online and instantly compare the best prices and AM Best ratings of the leading life insurance companies by visiting Efinancial – a leading provider of life insurance quotes online.
In addition, there is a list of top life insurance companies issued by the III.org (Insurance Information Institute) every year that indicates which life insurance providers have issued the most individual life insurance policies.
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