AM Best Affirms Ratings of Guardian Life Insurance Company of America and Its …

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AM Best Affirms Ratings of Guardian Life Insurance Company of America and Its …
News from PYMNTS.com:

A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of Guardian Life Insurance Company of America (Guardian Life) (New York, NY) and its subsidiaries, Guardian Insurance & Annuity Company, Inc. (Wilmington, DE) and Berkshire Life Insurance Company of America (Pittsfield, MA) (together referred to as Guardian). Concurrently, A.M. Best has affirmed the debt rating of “aa-” on the $ 400 million 7.375% surplus note due September 30, 2039 of Guardian Life.

Additionally, A.M. Best has affirmed the FSR of A (Excellent) and ICRs of “a” of Family Service Life Insurance Company, Sentinel American Life Insurance Company (both domiciled in Texas) and Park Avenue Life Insurance Company (Delaware). A.M. Best also has affirmed the FSR of A (Excellent) and ICR of “a+” of First Commonwealth Insurance Company (Chicago, IL). These companies also are subsidiaries of Guardian Life. The outlook for all ratings is stable.

The ratings of Guardian reflect its superior capitalization and positive premium trends generated from its core individual, group and asset based business segments despite continued challenging economic conditions. Guardian’s consiste…………… continues on PYMNTS.com

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Do I need life insurance?
News from Market Intelligence Center:

Life insurance is an important part of your financial planning that can easily be overlooked.

Virtually no one chooses to go without health insurance; auto insurance is required if you want to drive; homeowners insurance is required by most mortgage lenders, but life insurance can be easy to forge…………… continues on Market Intelligence Center

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