Author Question: Why is the A.M. Best rating of the insurance company from whom you plan to purchase a life insurance ... (Read 28 times)

casperchen82 · **on:** Apr 14, 2019

Question 1

For which type of insurance policy is choosing an insurance company with a high rating the most important?

◦ Disability insurance
◦ Automobile insurance
◦ Homeowner's insurance
◦ Life insurance

Question 2

Why is the A.M. Best rating of the insurance company from whom you plan to purchase a life insurance policy important?

◦ You want to buy your policy from a company that is most financially sound
◦ You want to buy your policy from a well regarded insurance company
◦ Since you never know when, or if, your policy will have to pay your beneficiary, it is wise to select the company that will "be around" in the future
◦ All of these are important considerations.

AmberC1996 · **Reply #1 on:** Apr 14, 2019

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