A.M. Best Co. has affirmed its A (Excellent) financial strength ratings for National Life Insurance Company and Life Insurance Company of the Southwest, the two insurance companies of National Life Group. This is the third highest of A.M. Best’s 16 ratings.
“Our mission is to deliver on our promises,” said Mehran Assadi, president and CEO of National Life Group. “I am very pleased that A.M. Best has reaffirmed our excellent rating, which reflects our financial strength.”
In a news release announcing the ratings, A.M. Best cited a number of factors, including National Life Group’s competitive strength in the marketplace.
“National Life Group’s ratings recognize its consistent operating performance, conservative risk profile and favorable sales growth complemented by diverse distribution sources,” A.M. Best said. “Moreover, the company benefits from its competitive position in the indexed universal life (IUL) insurance and 403(b) indexed annuity markets.”
The companies of National Life Group offer a broad range of financial products, including life insurance, annuities, and investments, and financial solutions in the form of estate, business succession and retirement planning strategies. They are a leading provider of 403(b) and 457(b) tax-deferred retirement plans, primarily in the K-12 school marketplace.