What are COMDEX rankings for all times insurance coverage firms?

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Here is the Scoop

  • COMDEX rankings for all times insurance coverage firms compile monetary power rankings from a number of the largest insurance coverage firm ranking companies to make it simpler to know an organization’s monetary power
  • COMDEX rankings are expressed in a rating from 1 to 100 that signifies which percentile an organization is in in comparison with different insurance coverage firms
  • The upper the COMDEX ranking, the higher an organization’s monetary power

For those who’ve ever tried to find out about selecting one of many finest life insurance coverage firms, you’ve in all probability heard in regards to the significance of economic power rankings when deciding on a coverage. Nonetheless, discovering an organization’s monetary power ranking could also be sophisticated and complicated, particularly with the various variations between ranking companies’ strategies.

To make it simpler for shoppers and insurance coverage brokers, EbixLife developed the COMDEX rankings to compile monetary power rankings from main ranking companies. Nonetheless, in the event you’re questioning, “What’s a COMDEX ranking on life insurance coverage?” you’re not alone.

Preserve studying beneath to find out about COMDEX rankings, what they imply, learn how to discover them, and why it’s essential to know monetary power rankings earlier than shopping for a coverage.

What are COMDEX rankings for all times insurance coverage firms?

COMDEX rankings are used to measure an insurance coverage firm’s monetary power. COMDEX (which stands for composite index) combines the rankings from vital insurance coverage ranking companies to create a percentile rating.

It averages the scores from a number of the largest monetary power ranking companies, together with A.M. Finest, Moody’s, Fitch, and Commonplace & Poor’s. Subsequently, an insurance coverage firm will need to have rankings from at the least two of those companies earlier than receiving a COMDEX ranking.

By utilizing the opposite companies’ rankings, the COMDEX ranking produces a rating between 1 and 100. The upper the rating, the upper the insurance coverage firm’s monetary power.

The COMDEX can typically make it simpler for buyers to know the monetary power of an insurance coverage firm as a result of the rating correlates with the percentile to which the corporate belongs. For instance, if an insurance coverage firm has a COMDEX ranking of 85, it’s financially stronger than 85% of the opposite firms.

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How are COMDEX rankings calculated?

COMDEX rankings are comparatively straightforward to calculate, however on a regular basis shoppers more than likely don’t need to spend an excessive amount of time looking out a number of web sites to see every company’s ranking. As well as, it may be difficult to know every company’s ranking technique.

Subsequently, COMDEX rankings are calculated by EbixLife utilizing VitalSigns software program. The scores are recalculated each few weeks or extra typically for large insurers. EbixLife can compile tons of knowledge from every company to see which percentile an insurance coverage firm matches into in line with every company. The percentiles are then averaged to calculate the COMDEX ranking.

For instance, if an insurance coverage firm is within the ninetieth percentile from A.M. Finest, eighty fifth percentile from Moody’s, and eightieth percentile from Commonplace & Poor’s, you’d merely add 90+85+80 and divide by three to get a COMDEX ranking of 85.

Moreover, the COMDEX ranking of 85 signifies that the insurance coverage firm has a greater monetary power ranking than 85% of the opposite insurance coverage firms.

Why are monetary power rankings essential?

If you’re trying to find a life insurance coverage firm, it’s important to make sure you’re shopping for a coverage from an organization that may adequately handle its belongings and gives your life insurance coverage beneficiaries with the loss of life profit you paid for. Subsequently, whenever you’re purchasing round, it may be useful to analysis an organization’s monetary power earlier than shopping for from them.

The companies listed above (A.M. Finest, Moody’s, Fitch, and Commonplace & Poor’s) price insurance coverage firms primarily based on their monetary power, together with creditworthiness, asset administration, profitability, income forecasts, and extra.

Nonetheless, it may be difficult to know the rankings from every of those companies. It might even take a subscription to entry the knowledge vital to find out an organization’s monetary power. Alternatively, the COMDEX ranking is simpler to know, compiles information from a number of sources, and is straightforward to search out on-line.

How can I determine an organization’s COMDEX ranking?

Sadly, VitalSigns is out there solely to insurance coverage brokers and brokers promoting insurance coverage insurance policies. Whereas they will present a model of the software program on their web site for particular person clients, it isn’t broadly obtainable.

Nonetheless, many web sites and blogs on-line will present lists of some top-ranking firms with their corresponding COMDEX ranking. Merely do a web-based seek for “COMDEX rankings,” and also you’re more likely to discover just a few totally different lists which have been up to date not too long ago.

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Who has the very best COMDEX ranking?

COMDEX rankings could change over time, however here’s a record of some prime life insurance coverage by 2021 COMDEX rankings:

Prime 25 Life Insurance coverage Firms by 2021 COMDEX Scores

Firm COMDEX Score
Northwestern Mutual Life Insurance coverage Firm 100
New York Life Insurance coverage Firm 100
Berkshire Hathaway Lifetime of NE 100
Lecturers Insurance coverage & Annuity Affiliation 100
USAA Life Insurance coverage Firm 99
TIAA-CREF Life Insurance coverage Firm 99
Berkshire Life Insurance coverage Firm of America 99
Massachusetts Mutual Life Insurance coverage 98
State Farm Life Insurance coverage Firm 98
Guardian Life Insurance coverage Firm of America 98
Knights of Columbus 98
Nice-West Life & Annuity 97
Solar Life & Well being Insurance coverage Firm 97
Minnesota Life Insurance coverage Firm 96
American United Life Insurance coverage Firm 96
Western & Southern Life Insurance coverage Firm 96
Integrity Life Insurance coverage Firm 96
State Life Insurance coverage Firm 96
Lafayette Life Insurance coverage Firm 96
Columbus Life Insurance coverage Firm 96
Securian Life Insurance coverage Firm 96
Metropolitan Life Insurance coverage Firm 95
Prudential Insurance coverage Firm of America 95
Pruco Life Insurance coverage Firm 95
Pruco Life Insurance coverage Firm of NJ 95

As we talked about above, COMDEX rankings can change each few weeks. Subsequently, it might be helpful to debate any adjustments with an insurance coverage agent that has entry to present experiences.

Researching a number of life insurance coverage firms can take effort and time. Nonetheless, in the long term, it’s value it to make sure you’re selecting an organization that can present peace of thoughts and monetary help for you and your loved ones.

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Melissa Morris has a BS and MS in train science and a doctorate in instructional management. She is an ACSM licensed train physiologist and an ISSN licensed sports activities nutritionist. She teaches vitamin and utilized kinesiology on the College of Tampa.
She has been featured on Yahoo, HuffPost, Eat This, Bulletproof, Vitacost, LIVESTRONG, Toast Fried, The Trusty Spotter, Finest Comp…

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Melissa Morris
Professor of Vitamin & Kinesiology
Melissa Morris

Rachael Brennan has been working within the insurance coverage trade since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which period she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as nicely. She has labored for small well being insu…

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Rachael Brennan


Licensed Insurance coverage Agent


Rachael Brennan

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