How To Protect Your Investment?
Recently, high-risk investment
strategies have threatened the solvency of some companies
and thus the safety of policy benefits. Be sure to check out
the insurer’s industry rating (as provided by independent
rating services) before committing your funds. Also, make
sure that your life insurance company is licensed in California.
Owners and group insurance certificate holders of life insurance
policies issued by companies licensed in California may be
partially protected in the event of the failure of the insurer
by the California Life and Health Insurance Guarantee Association.
Information Sources
Additional information about
the insurance companies can be found by reading insurance
company rating service reports. Five major insurance rating
companies grade insurers on their financial health and ability
to pay claims. These companies are: A.M. Best, Standard &
Poors, Moody’s Investor Service, Duff & Phelps,
and Weiss Research. You should check two or three of these
services to get a good look at the company’s condition. They
can usually be found in your local library.
Life Insurance 1
Life Insurance 2
Life Insurance 3
Life Insurance 4
Life Insurance 5
Life Insurance 6
Life Insurance 7
Life Insurance 8
