Investors Heritage Life Insurance Review

linkedin  revises Outlooks for Investors Heritage life Insurance Company. May 2,2020, A.M.  linkedin  provides a "Buy" recommendation. Oldwick - AM Best has revised its outlooks for positive from stable to strengthened and reaffirmed the Financial Strength Index (FSI) of B+. (good) and Long-Term issuer credit rating (of B (very good), which AM Best has determined as an indicator of financial strength and a key determinant of AM Best's premium and other risk factors. The company will continue to work with our clients on improving the long-term ICR rating and on other issues that may contribute to better financial performance for their business.

The current outlook maintains an A-rated financial position and has been upgraded to AA-plus rating, with the highest grade possible. The outlook is also upgraded from A to A-minus rating, reflecting our commitment to ongoing improvement. In addition, the rating is upgraded from "overweight" to "neutral" and from a strong to a moderate to medium-sized weight. The rating reflects our view that, at this time, it is not feasible for AM Best to achieve or maintain a rating at or above a B+ rating and is not currently expected to do so in the near future.

We are recommending to our clients that they consider AM Best as an option in their life insurance needs. The company is one of the most respected providers in the United Kingdom with a good solid record of service and investment in its customers and its portfolio. The company's business strategy is centered on the growth of its client base through continued diversification of its business model and expansion into new and unique markets. Its ability to continue to offer competitive products at affordable premiums reflects this strategy.

The main reason for our recommendation is that AM Best offers the best value and lowest premiums for a high quality product. As a result of the changes in the company, the premium payments are now substantially lower. Premiums are now only about 7% higher than they were prior to the changes. Even though we do not feel strongly that the premium increases reflect sound investment practices by AM Best, the cost savings can be significant for some of our clients.

AM Best's portfolio contains the largest number of different investments available in any company today. This large base makes it one of the most diversified in the United Kingdom and offers a variety of products to meet all of our clients' needs. These products include a range of types of whole and term life insurance. We feel that AM Best is still a strong leader when it comes to their policies for women, young people, and seniors.

AM Best's reputation and track record as a leading independent insurance provider has made it very popular with insurance agents and brokers. Our independent research shows that AM Best continues to provide strong financial management practices in terms of both policy and risk analysis. With the exception of the one-year review that was done in 2020, the review panel that we commissioned has been consistent in its findings and recommendations.

We believe that there are many benefits in choosing AM Best over its competitors for our clients. For example, we believe that AM Best does not discriminate based on gender and has a greater diversity of plans and offerings for clients. Our clients have a better experience by using AM Best because of the more diverse insurance mix that they have available. AM Best also has several additional advantages that make it a good choice for both women and senior citizens.

Since we are an independent organization, we are not connected to AM Best in any way. This does not alter the fact that we feel very confident in the recommendations that we make to our clients and do not feel any obligation to buy AM Best insurance.