Disability Insurance Articles
Taking a Look at a Company's Financial Strength, The Comdex Ranking!
by Anthony Delvecchio
When purchasing a disability insurance policy, the financial strength of the company can be an important factor in your decision. You are ultimately investing in a company to protect you if and when a disability strikes. Since a disability insurance policy is designed to be in force for many years, a company’s financial strength can be a good indicator of whether the policy you are buying will be there as expected. There are many rating agencies that have been established to assess the ability of a company to meet its ongoing and long term financial obligations. But what do all those letters and numbers mean?
The Comdex Ratings of the Major Disability Insurance Carriers1
Please consult with your financial advisor for complete details concerning the ratings stated above. Some of the ratings reflect the performance of the parent company and/or other entities related to the issuing insurer.
According to most experts, the difference between a company with a Comdex of 98 and a 94 is the difference between choosing a company that is “extremely safe” and “safe.”
A company’s financial strength is an important component when choosing a disability insurance policy. The Comdex Ranking has now made this even easier by compiling the ratings of the different carriers into one easy to understand number. With Comdex and a knowledgeable insurance agent, you are well on your way to protecting your income.
1Vital Signs, April 2011
Anthony DelVecchio, Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. The views and opinions expressed here are that of the author and do not necessarily represent the views and opinions of The Guardian Life Insurance Company of America, its subsidiaries or affiliates.
For more information about the Comdex Ranking go to: Comdex Ranking