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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
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Disability Income Insurance: Individual: 101

Insurance Company Financial Situation: How To Check

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It doesn't do you any good to purchase a Disability Insurance policy if the insurer won't be able to pay the benefit, or if it goes out of business.

You can check the company's financial situation through third party rating agencies such as AM Best (www.ambest.com), Standard and Poor's (www.standardandpoors.com offsite link) or TheStreet.com (www.thestreet.com/ratings offsite link), formerly Weiss Ratings.

Check with your state insurance department to find out whether there have been complaints about the company, and if so, what they are. For contact information for your state agency, see: www.naic.org offsite link

Also check to see what, if anything, is known about the company at your local Better Business Bureau. For contact information, see: www.bbb.org


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