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This should bring about a firestorm: Just saw Clark Howard today on Fox News. He literally said that those buying term life should now only consider A++ rated companies (rated by A.M. Best). Who only sells A++ rated term insurance companies, come on! I thought any companies A- or better were adequate. However, there are people who live and die by Clark Howard. Does he have a valid point, or no...
If he does, there are only like two A++ rated options probably: New York Life and/or Northwestern Mutual Life (if you want to overpay for your term and let them keep billions of your dollars in their safe 'mutually' held company vaults...all to puff up their A++ ratings...Opinions on this please.
Better to buy term with a 'mutual' company with 'perfect' ratings and overpay, or concede on an A- company or better?
If he does, there are only like two A++ rated options probably: New York Life and/or Northwestern Mutual Life (if you want to overpay for your term and let them keep billions of your dollars in their safe 'mutually' held company vaults...all to puff up their A++ ratings...Opinions on this please.
Better to buy term with a 'mutual' company with 'perfect' ratings and overpay, or concede on an A- company or better?