What is Bankers Life and Casualty and their AM Best Rating?

What is Bankers Life and Casualty?

Bankers Life and Casualty is a US-based insurance provider founded in 1879. They offer a range of products and services, including life insurance, health insurance, long-term care insurance, annuities, and retirement plans. The company is a subsidiary of CNO Financial Group, and the products are marketed through local offices and partnered agents.

What is AM Best Rating?

AM Best is an independent company that evaluates insurance companies based on their financial strength and performance. They provide ratings to help consumers decide which companies to trust in terms of offering insurance products. Each company is rated on a scale from A++ (superior) to D (weak). Bankers Life and Casualty currently have an A- (Excellent) rating from AM Best.

Why Is the AM Best Rating Important?

The AM Best rating is important for consumers because it provides an unbiased evaluation of the company. It helps consumers to know if the company is financially stable and reliable. AM Best ratings are a great way to compare different insurers and make an informed decision when it comes to buying an insurance policy.

What Does Bankers Life and Casualty’s AM Best Rating Mean?

A- (Excellent) is a good rating for Bankers Life and Casualty, as it shows that the company is financially sound and able to pay claims. It also means that the company has good customer service and a high level of customer satisfaction.

Conclusion

Bankers Life and Casualty has an A- (Excellent) AM Best rating, which is a good indication of their financial strength and customer satisfaction. This rating should give consumers the confidence to choose Bankers Life and Casualty when purchasing insurance products.