There are several independent financial rating agencies that review the financial strength of insurance companies.
Some of the top rating agencies include AM Best Company, Moody's, and Standard & Poor's, among others.
The independent rating agencies review the financials of insurers and determine the financial condition of the carriers. An insurer's financial strength rating is an indication of that insurer's ability to meet their financial obligations, and pay their claims.
The higher the financial rating of an insurer the better able the insurer should be to pay their claims. Many financial advisors recommend that consumers choose a life insurance company with a financial strength rating of at least "A" (Excellent), or better.
You want to do your best to make sure the life insurance company is still in business when you need them to pay a claim on your life insurance policy.
Learn more about life insurance company ratings