Strongest and Weakest Long-Term Care Insurers		Back

A weak long-term care company represents a potential for financial loss to its policyholders, as well as a number of headaches and hassles. This includes the prospect of being left without coverage. Therefore, it is important to check the financial security offered by an insurer prior to purchasing a policy and then periodically monitor the company's condition going forward. Low-rated insurance companies should be avoided in favor of highly rated companies.

The following U.S. long-term care insurance underwriters received the highest ratings from TheStreet.com Ratings.

Strongest Long-Term Care Insurers Data as of 06/04/2010 Company Name State TheStreet.com Financial Strength Rating COUNTRY LIFE INS CO   IL  A+   PHYSICIANS MUTUAL INS CO   NE  A+   MASSACHUSETTS MUTUAL LIFE INS CO   MA  A   BERKSHIRE LIFE INS CO OF AMERICA   MA  A   NEW YORK LIFE INS CO   NY  A-   GERBER LIFE INS CO   NY  A-   COPIC INS CO   CO  A-   AMERICAN FAMILY LIFE ASR CO OF NY   NY  A-   STATE FARM MUTUAL AUTOMOBILE INS CO   IL  B+   AMERICAN FAMILY LIFE ASR CO OF COLUM  NE  B+   MUTUAL OF OMAHA INS CO   NE  B+

The following U.S. long-term care insurance underwriters were rated lowest by TheStreet.com Ratings.

Weakest Long-Term Care Insurers Data as of 06/04/2010 Company Name State TheStreet.com Financial Strength Rating LEWIS & CLARK LTC RRG INC   NV  E+   AMERICAN INDEPENDENT NETWORK INS CO   NY  D   GREAT REPUBLIC LIFE INS CO   WA  D   BANKERS LIFE & CAS CO   IL  D+   SCOR GLOBAL LIFE US RE INS CO   TX  D+   PENNSYLVANIA LIFE INS CO   PA  D+

Just because a particular insurer does not appear on this list of lowest rated long-term care insurance companies, it does not necessarily mean that the company is safe or highly rated.  To check the rating of a specific company, Weiss Ratings offers several online options and publications  including a comprehensive, easy-to-follow Consumer Guide to Long-Term Care Insurance.  

A =  Excellent B =  Good C =  Fair D =  Weak E =  Very Weak

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