A or B Rated

[Tahoe Ray]

Jackson is all annuity now and has strong ratings (A+ Best) as well as their S&P.

Jackson offers a wider breadth of annuities (specifically variable products) in more states than their more poorly ranked competitors (for the purpose of this discussion).

They also own Curian (who manages separate accounts) and are owned by Prudential PLC (the UK life insurance conglomerate) so I'm not sure if the comparison is accurate.

 

[VolAgent]

Jackson offers a wider breadth of annuities (specifically variable products) in more states than their more poorly ranked competitors (for the purpose of this discussion).

They also own Curian (who manages separate accounts) and are owned by Prudential PLC (the UK life insurance conglomerate) so I'm not sure if the comparison is accurate.

Also, while they aren't writing life insurance, they have been buying existing books. They are getting the diversification without the headache of writing new business.

 

[MichaelBurton]

Got to be quick!

Here are two excerpts from an article published a few days after Mutual Benefits was seized.

Mutual Benefit's woes also cast a harsh light on an insurance company rating system that is supposed to guide consumers toward the soundest underwriters. Until 11 days ago, Mutual Benefit enjoyed a top A+ rating from A.M. Best Co., the industry's oldest and most respected rating agency.


Part of the problem, too, is that many of these seized insurers, including Executive Life, received high marks from the nation's best known insurance rating firms until right before they collapsed.
Mutual Benefit was no exception. Indeed, though recently downgraded, the company still carries a "Contingent A" rating from A.M. Best Co. .
Note: They STILL maintained an A rating AFTER they failed.

Rouse, can you please direct me to links for that article and/or others for the companies that failed in the 70's/80's. If I just need to google it, no worries. But if you have any shortcuts, I would love to see 'em.

Thanks!

 

[rousemark]

Rouse, can you please direct me to links for that article and/or others for the companies that failed in the 70's/80's. If I just need to google it, no worries. But if you have any shortcuts, I would love to see 'em.

Thanks!

I did not save the article link but you should be able to find it on Google.

 

[goillini52]

Oxford Life I believe went from an A to a C because Uhaul filed bankruptcy. Had nothing to do with their finances but because the 2 are sister companies, they took a hit.

While I look at the ratings, I don't believe they are as telling as many believe.

And now Oxford is up to an A-.

 

[Cornelius]

Mutual Benefit Insurance Fails After Run on Assets : Economy: It is the largest such collapse in U.S. The New Jersey company cites bad real estate investments. - Los Angeles Times

 

[MichaelBurton]

Thank you, Cornelius. Very helpful!

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I did not save the article link but you should be able to find it on Google.

Thanks for taking the time to reply, Rousemark.