Life Insurance Company Financial Ratings for structured settlement markets
Tuesday, March 10, 2009 at 06:31PM This is the listing of life companies CURRENTLY writing structured settlement annuity contracts as of March 30th, 2009.
Company Name AM Best Rating S&P Rating Current as of date:
Allstate Life A+, XV AA- 3-10-09
AI Life of NY (AIG) A, XV A + 3-10-09
American General A, XV A + 3-10-09
Hartford Life A, XV A 3-10-09
John Hancock A+, XV AA+ 7-15-09
Liberty Life A, X A- 3-10-09
Metropolitan Life A+, XV AA- 3-10-09
New York Life A++, XV AAA 3-10-09
Pacific Life A+, XV AA- 3-10-09
Prudential Life A+, XV AA- 3-10-09
Symetra Life A, XIII A 3-10-09
The important issue to watch is the trend or direction of ratings. As we update these when events warrant or changes are made, we will indicate if the trend is favorable or unfavorable or neutral.
Also, when selecting a company for a structured settlement, be aware that they all come with qualified assignments and different guarantees from parent companies, depending on the particular firm. These assignments, guarantees and promises are subject to change in a fast changing financial environment where life markets can be sold to another company, property casualty arms can be dissolved or sold and who you started with might not end up being who you finish with.
Look at the duration of the deal, the stability and size of the company and work with a professional who can assist you in making these choices and evaluations.
