Ratings Updates

Entries for December 2010

Only a few changes this month of note.  
 
Here are some other items of interest:
·        The big news was the tax relief - for the next 2 years. We still lack long-term clarity but the new law had many favorable aspects to it. Life insurance assets may be impacted by the changes - if you have questions, please keep us in mind.
·        Genworth has withdrawn from the variable annuity market, including the asset based long-term care product line.
·        The Society of Actuaries completed a study that indicates only about half of Americans have plans for protecting themselves against outliving their assets. (If you are concerned - give us a call - we might be able to help.)
·        Fun Fact: Pew Research Center says approximately 10,000 people a day will reach age 65 - for the next 19 years! The Boomers are coming.

 
Please call on us if we can be of assistance to you or your clients as they evaluate their life insurance assets.  205.414.9955

 


 
Ratings updates for December 2010

 
Insurer
A.M. Best
S&P
Moody's
Conseco
 
B - B+
 
BB- to BB
 
 -

ING
 
 -
 A w- to A
 
 -
 John Hancock
 
 -
AA w- to AA-
 
 -