Finding Indiana Life Insurance Company Ratings
Reader’s Question:
Where can I get information about how reliable a life insurance company is? I don’t think I can get unbiased advise from life insurance agents here in Indiana so I’m doing research on my own before I buy a policy.
Harashi
Muncie, IN
Wouldn’t it be great if more people like you take the time to know how a particular (life insurance) company rates against its competition? It would probably save us all a lot of time, money and unwarranted frustrations in the future if we know how to distinguish between the good and the bad. It is actually not as hard as you may initially think! Consumers today have a lot of resources available to help them make better buying decisions.
Skip those life insurance agents there in Indiana, listed below are some of the best rating agencies and companies that you can go to:
• J.D Powers
• Moody’s Investor Service
• A.M. Best Company
• Standard & Poor’s
• Weiss Research
• Duff & Phelps,
These companies/ agencies would also have their respective websites that you can easily access to get rating information. You would want to compare companies based on Customer Satisfaction, Billing & Payments, Claims Handling, Customer Service, Financial Strength, and of course pricing and competitive rates. There is no single rule-of-thumb when choosing a provider other than being able to spot the best from the rest (and to avoid the worst) so you can make a short-list of potential life insurance carriers that you will choose from.
There are also many life insurance portals like this one that focuses on giving you free access to affordable life insurance quotes and be able to compare rates from many carriers at the same time. Using these resources will expedite you getting the best life insurance coverage based on your needs.
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