Major ratings companies on the United States and Canada evaluate insurers and provide information and ratings on financial strength. Some of which are the A.M. Best Company, Standard and Poor’s, Moody’s Investor Services, Duff and Phelps Credit Rating Company and TRAC Early Warning Solvency Tests for Canadian companies only. Each employs its own technique to arrive at a rating for an insurer. Areas that are considered vary but usually include leverage, management stability, recent performance and financial situation. Other factors that can be considered are competition, diversification and market presence. They provide a description of their analysis and define their rating scores.

Some of the noteworthy providers of life insurance include Aetna, Allstate Insurance Company, American International Group, American National Insurance Company, Aon Corporation (formerly Combined Insurance Company of America), Auto-Owners Insurance, Banner Life, Farm Bureau Insurance, Garden State Life Insurance Company, Guardian Life Insurance Company, Jackson National Life, John Hancock Insurance, The Hartford, Kansas City Life Insurance Company Inc., Mass Mutual Financial Group, Metropolitan Life Insurance Company, Nationwide Insurance, New York Life, Northwestern Mutual Life Insurance Company, Prudential Financial, RBC, Sagicor USA Inc. (formerly American Founders Life), The Standard ( also known as Standard Insurance Company), State Farm Insurance, Thrivent (formerly Lutheran Brotherhood), Travelers Group and Western and Southern. With so many life insurance companies to choose from, applicants have a very wide range of choices. It is a good practice to shop around and understand one’s policy very well, regularly review and update it accordingly.

Aetna Inc. is a direct descendant of Aetna Insurance Company of Hartford, Connecticut which issued its first life insurance policy in 1850. AllState is the largest publicly held personal lines insurer in the United States. The American International Group (AIG) is a major American Insurance Corporation and has been ranked as the fourth largest company in the world according to the 2006 Forbes Global list.

Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting and specialty insurance underwriting. Auto-Owners Insurance is a Fortune 500 company founded in 1916 and offers life insurance among its various lines of products. Garden State Life Insurance Company is a small direct life insurance company. The Hartford is a large investment and insurance company in the US. Mass Mutual Financial Group is a mutually owned financial protection, accumulation and income management company. MetLife is the largest insurance company in the US with its acquisition of Travelers Life and Annuity.

Nationwide Insurance is a large US insurance and financial services company. New York Life Insurance is the largest mutual life insurance company in the US. Northwestern is a major financial services company. Prudential Financial and its subsidiaries provide insurance, investment management and other financial products and services to both retail and institutional customers throughout the US and in over 30 countries. RBC is Canada’s largest Chartered bank. State Farm is a group of large US insurance and financial service company. Thrivent is a Fortune 500 financial services organization. Western and Southern is a diversified family of financial services companies.

Related Link: Free life insurance quote comparison service – InsureMe.com. Helping people find the right insurance since 1993.

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