Leading Long-Term Care Insurance Company Ratings
The companies identified below are leading long-term care insurance companies in 2010 committed to the marketplace and providing long-term care protection on an individual or group (employer-sponsored) basis.
See The Top Long-Term Care Insurance Companies
To receive a free no-obligation quote for long-term care insurance, click here: Free No-Obligation Long-Term Care Insurance Quote. To learn more about asset-based long-term care insurance CLICK HERE.
When purchasing long-term care insurance protection, it's wise to make certain that the issuing company is both committed to the marketplace as well as financially sound. The A.M. Best Company, Standard & Poor's and Moody's Investors Services are well-regarded rating companies that provide objective measures of insurance companies' creditworthiness. Because these can change from time to time, the American Association for Long-Term Care Insurance has provided links below to help you check their individual websites for the most current updates.
Top Long-Term Care Insurance Companies: 2010 National (US) Insurers
American General Life Ins
American General Life Insurance ranks among the top insurance providers in North America.
| A.M. Best Company: | A (Excellent) |
|---|---|
| Moody's Investors Service: | A1 (Good) |
| Standard & Poor's: | A+ (Strong) |
Assurity Life Ins Co
Strong financials, 100-year legacy, exceptional riders, great lifetime coverage rates, 80% joint-policy disc.
| A.M. Best Company: | A- (Excellent) |
|---|---|
| Moody's Investors Service: | NA (Not Applicable) |
| Standard & Poor's: | NA (Not Applicable) |
Berkshire Life Insurance Co.
Berkshire Life places a very high priority on risk management, financial strength and operational excellence.
| A.M. Best Company: | A++ (Superior) |
|---|---|
| Moody's Investors Service: | NA (Not Applicable) |
| Standard & Poor's: | NA (Not Applicable) |
Genworth Life Ins Co
Genworth Financial helps millions of people around the world achieve their dreams
| A.M. Best Company: | A (Excellent) |
|---|---|
| Moody's Investors Service: | A1 (Good) |
| Standard & Poor's: | AA- (Very Strong) |
John Hancock Life Ins Co
LTC insurance coverage you can count on, from a name that people know and trust
| A.M. Best Company: | A+ (Superior) |
|---|---|
| Moody's Investors Service: | Aa3 (Excellent) |
| Standard & Poor's: | AA+ (Very Strong) |
LifeSecure Insurance Co
LifeSecure, a wholly-owned subsid. of Blue Cross Blue Shield of Michigan, makes LTC un-complicated
| A.M. Best Company: | A- (Excellent) |
|---|---|
| Moody's Investors Service: | NA (Not Applicable) |
| Standard & Poor's: | NA (Not Applicable) |
Massachusetts Mutual Life
Founded in 1851, Mass Mutual is a leading mutual life company with a history of financial strength.
| A.M. Best Company: | A++ (Superior) |
|---|---|
| Moody's Investors Service: | Aa (Excellent) |
| Standard & Poor's: | AA+ (Very Strong) |
MedAmerica Insurance Co
MedAmerica's Simplicity cash long-term care insurance is the highest independently-rated policy available
| A.M. Best Company: | B++ (Very Good) |
|---|---|
| Moody's Investors Service: | NA (Not Applicable) |
| Standard & Poor's: |
A- (Stable) |
MetLife (Metropolitan Life)
For over 140 years, MetLife has been one of the largest and most respected financial institutions in the U.S.
| A.M. Best Company: | A+ (Superior) |
|---|---|
| Moody's Investors Service: | Aa3 (Excellent) |
| Standard & Poor's: | AA- (Very Strong) |
Mutual of Omaha Ins Co
A strong, stable, secure company meeting the financial needs of its customers for the past 100 years
| A.M. Best Company: | A+ (Superior) |
|---|---|
| Moody's Investors Service: | As3 (Excellent) |
| Standard & Poor's: | Aa- (Very Strong) |
Prudential Insurance Co
LTC Insurance issued by The Prudential Insurance Company of America IFS-A160837 Ed. 1/2009
| A.M. Best Company: | A+ (Superior) |
|---|---|
| Moody's Investors Service: | Aa3 (Excellent) |
| Standard & Poor's: | AA (Very Strong) |
Transamerica Life Ins Co
Transamerica Life offers its LTCi products through individual, worksite, association and union sales
| A.M. Best Company: | A (Excellent) |
|---|---|
| Moody's Investors Service: | A1 (Good) |
| Standard & Poor's: | AA- (Excellent) |
Read What The Ratings Mean - Links To Rating Companies' Websites
The A.M. Best Company:
A.M. Best is one of the better known of the insurance rating companies. Here is an overview of what the A.M. Best rating system means.
| A++ and A+ (Superior): | The company has demonstrated superior overall performance and has a very strong ability to meet its obligations to policyholders over a long period of time. |
|---|---|
| A and A- (Excellent): | The company has demonstrated excellent overall performance and has a strong ability to meet its obligations to policyholders over a long period of time. |
| B++ and B+ (Very Good): | The company has demonstrated very good overall performance and has a good ability to meet its obligations to policyholders over a long period of time. |
| B and B- (Adequate): | The company has an adequate overall performance and can meet its obligations to policyholders but may be vulnerable to unfavorable changes in underwriting or economic conditions. |
| C++ and C+ (Fair): | The company has demonstrated fair overall performance and can meet its current obligations to policyholders but is vulnerable to unfavorable changes in underwriting or economic conditions. |
| BC and C- (Marginal): | The company has demonstrated marginal overall performance. It can meet its current obligations to policyholders but is very vulnerable to unfavorable changes in underwriting or economic conditions. |
| D (Very Vulnerable): | The company has demonstrated poor overall performance. The company can meet its obligations to policyholders but is extremely vulnerable to unfavorable changes in underwriting or economic conditions. |
| E (Under State Supervision): | The company is under state insurance regulatory authority supervision, control or restraint, such as conservatorship or rehabilitation, but not including liquidation. |
| F (In Liquidation): | The company has been placed under an order of liquidation by a court of law, or its owners have voluntarily agreed to liquidate. Companies that voluntarily liquidate or dissolve their charters are generally not insolvent. |
Standard and Poor's:
Standard and Poor's rates the claims-paying ability of over 300 insurance organizations worldwide. Here is an overview of what the Standard and Poor's rating system means.
| AAA (Superior): | Superior financial security on an absolute and relative basis. Capacity to meet policyholder obligations is overwhelming under a variety of economic and underwriting conditions. |
|---|---|
| AA (Excellent): | Excellent financial security. Capacity to meet policyholder obligations is strongunder a variety of economic and underwriting conditions. |
| A (Good): | Good financial security but capacity to meet policyholder obligations is somewhat susectible to adverse economic and underwriting conditions. |
| BBB (Adequate): | Adequate financial security, but capacity to meet policyholder obligations is susceptible to adverse economic and underwriting conditions. |
| BB (Adequate): | Financial security may be adequate, but capacity to meet policyholder obligations , particularly with respect to long-term or "long-tail" policies, is vulnerable to adverse economic and underwriting conditions. |
| B (Vulnerable): | Vulnerable financial security. Currently able to meet policyholder obligations, but capacity to meet policyholder obligations is particularly vulnerable to adverse economic and underwriting conditions. |
| CCC (Extremely Vulnerable): | Extremely vulnerable financial security. Continued capacity to meet policyholder obligations is highly questionable unless favorable economic and underwriting conditions prevail. |
| NR (Not Rated): |
Moody's:
Moody's ratings rates the financial strength of investment vehicles and institutions including insurance companies. Here is an overview of what the Moody's rating system means. 1, 2 or 3 modifiers for each rating category. A 1 indicates that the insurance company ranks in the higher end of its rating category. The modifier 3 indicates that the company ranks in the lower end of its category.
| AAA (Exceptional): | Exceptional financial security. While the financial strength of these companies is likely to change, such changes as can be visualized are most unlikely to impair their fundamentally strong position. |
|---|---|
| AA (Excellent): | Excellent financial security, together with Aaa group, they constitute what are generally known as high-grade companies. They are rated lower than Aaa companies because their long-term risks appear somewhat larger. |
| A (Good): | Goodfinancial security. However, elements may be present that suggest a susecptibility to impairment sometime in their future. |
| BAA (Adequate): | Adequate financial security. However, certain protective elements may be lacking or may be characteristically unreliable over any great length of time. |
| BA (Questionable): | Questionable financial security. Often the ability of these companies to meet policyholder obligations may be very moderate and thereby not well safeguarded in the future. |
| B (Poor): | Poor financial security. Assurance of punctual payment of policyholder obligatiions over a long period of time is small. |
| CAA (Very Poor): | Very poor financial security. Company may be in default on their policyholder obligations or there may be present elements of danger with respect to punctual payment of policyholder obligations - claims. |
| CA (Extremely Poor): | Extremely poor financial security. Such companies are often in default on their policyholder obligations. |
| C (Lowest Rated Class): | The lowest rated class of insurance company. can be regarded as having extremely poor prospects of ever offering financial security. |
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