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Author Question: Why is the A.M. Best rating of the insurance company from whom you plan to purchase a life insurance ... (Read 26 times)

casperchen82

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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.


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Marked as best answer by casperchen82 on Apr 14, 2019

AmberC1996

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casperchen82

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Reply 2 on: Apr 14, 2019
Great answer, keep it coming :)


amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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