The life insurance company you’ve never heard of is as good as the one which ran 10 TV commercials last night. A “Big Name” is not necessarily a better company.

It generally means they advertise a lot, and the marketing cost is passed down to policyholders. Trust me ….Snoopy, MetLife’s mascot, doesn’t live in that little doghouse, but a beachfront villa in Boca Raton. There are nearly 1200 highly rated life insurance companies in America, yet most of us can probably name around 10. So other than cost, how do you confirm one is “legit” and will pay your money promptly if you die while insured? Most llife insurance insiders will instruct you to check AM Best’s ratings on-line or by asking your agent, and go with the “A rated” company providing your lowest price. An “A rating” (little difference between (A+, A, A-) means the insurance company has well above the funds necessary to pay future claims and has never failed to pay a valid claim in its history.

Rest assured… life insurance is one of the most heavily regulated industries in America, by both State and Federal governments, and has been since the 1800’s. It’s one of the reasons we elect Insurance Commissioners. They’re ensuring the strength of one of our most important financial cornerstones. It should reassure you that there’s never been a major carrier go out of business, other than by choice. When this occurs, another insurer, of equal or higher rating, is assigned your policy. This doesn’t change your contract.

BOTTOM LINE: Shop through a reputable independent agent with underwriting experience, and go with their recommendation for an AM Best A-rated carrier offering your best price.

With over 40 years of experience RWM Insurance finds our clients the lowest rates available. Get your free quote today - click here.