A.M. Best Co. has affirmed the financial strength rating and issuer credit ratings of the life/health companies under RBC Insurance Group, the rating agency said Tuesday.
The firm said that the ratings for its Canadian life insurance subsidiary, RBC Life Insurance Co., “reflect its strong risk-adjusted capitalization, generally increasing premium trends, as well as the overall strength and stability of RBC Insurance”. It notes that RBC Life “maintains a significant market position in the individual living benefits and group long-term disability insurance markets”, and that it has recently focused on growing its individual life segments, primarily through the sale of universal and term life insurance. Read entire article
RBC Insurance is the brand name for Liberty Life Insurance Company, a part of the global insurance operations of
Royal Bank of Canada.
A.M. Best has been recognized as a leading firm in analyzing the financial strength of insurance companies since 1899. Ratings are based on its current opinion of a company's financial ability to meet its obligations to policyholders. "A" is the third highest of 16 ratings and is assigned to companies Best believes demonstrate excellent overall performance.
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of the life/health members of RBC Insurance Group (RBC Insurance): RBC Life Insurance Company (RBC Life) (Mississauga, Ontario) and its U.S. life insurance entity, Liberty Life Insurance Company (Liberty Life) (Greenville, SC). The outlook for all ratings is stable.
RBC Insurance offers RBC Express Term life insurance. You may purchase up to $250,000 of term life insurance online in 15 minutes with no medical exam required.
Insurance without any Medical Exam,
Just a Few Health Questions.
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