October 17, 2008
What LIFE insurance companies have had a bad record in denying legitimate claims?
ZZ asked:
I am deciding which company to go with for my life insurance purchase. Wanted to make sure my spouse and child wouldn’t be mistreated by the company should anything happened to me.
Thanks!
I am deciding which company to go with for my life insurance purchase. Wanted to make sure my spouse and child wouldn’t be mistreated by the company should anything happened to me.
Thanks!
Filed under Insurance by admin
Comments on What LIFE insurance companies have had a bad record in denying legitimate claims? »
Any A rated company should be just fine. Life insurance companies don’t make a habit of denying legitimate claims.
You check with AM Best, Moody or Weiss Rating, I wouldn’t take a policy with anyone but an A company. I ha vent seen many deny claims but take forever to settle is another story. The rating is used to show financial solvency. The more solvent the more money they have in there coffers to pay out. Hope that helps