Melmunch3 said:To the best of my knowledge, AIG has NEVER had a B rating, by A&M best, which is who gave them the A++.
Also, term is not the only area in which they are competitive. Their price on a UL with a lifetime guarantee is also of the best in the business.
NHB_MMA said:I read about them being downgraded a while back several places, but that was sometime ago. There was a thread on the old forum somewhere where the topic was mentioned and someone else said something about "B rating" and I assumed they were talking A.M. Best, but it could have been another rating agency. I think A.M. Best is probably the most lenient, or simplified in terms of assessment criteria, agency out there, as everyone quotes their ratings and others seem more strict.
NHB_MMA said:I never looked at the UL. Obviously, I don't have handy access to all their rates and only an absolute fool (general public) would buy a permanent policy online or over the phone, IMO. In terms of my advising not buying permanent from a stock company, it's just my personal philosophy. I am rather conservative in my risk taking across the board and that mentality reflects in my feelings towards permanent coverage and the companies to buy them from.
NHB_MMA said:I just have some things I don't like about them and I hate when people compare them to companies like NW, NYL, and Guardian for permanent just because they have the same A.M. Best rating now.
NHB_MMA said:I've just seen some stock companies go down the drain and when you talking about an asset someone is considering keeping for 50, 60 years or more with equity tied to it, it's comparing apples and oranges.