The rating agency issues the financial strength rating based on the life insurer's ability to pay their claims and meet the financial obligations.
The higher the financial rating, the better the financial stability and security of the life insurance company.
The highest financial strength rating offered is usually "A+" or "A++", which would be Superior.
There are several rating agencies that rate the financial strength of life insurance companies, including AM Best, Standard & Poor's, and Moody's, among others.
Learn more about A+ rated life insurance companies.