It's a way of measuring the top life insurance companies and determining which are the best insurance carriers based on specific criteria.
How are life insurance companies ranked?
They are ranked by several different factors, including financial strength rating, number of individual life insurance policies issued, or total market capitalization, among other variables.
Why is ranking of insurers important?
The size, assets, and financial strength of an insurer helps you understand how stable the insurance company is and gives an indication of the insurer's ability to meet their future financial obligations.
For instance, a life insurance company rated "A+" Superior by AM Best Company for financial strength is financials secure and more than capable of paying their claims based on their current financial stability.
Here's how you can review a list of life insurance company rankings to help you find the best rated life insurance company.