News and Views from LTC Connects

Rating The Best Long Term Care Insurance Companies

Posted by Linda

Jul 13, 2009 2:24:00 PM


***UPDATE: Please see this post for updated ratings (as of August 2014).***


best-long-term-care-insurance-companies-and-comdex-rankingsThe top LTCI companies.

Company and/or service ratings can be rather ambiguous sometimes, but that doesn't mean they should be ignored. And the fact is, many base their buying decisions on them, so it's even more important that a good rating system be designed to accurately reflect a companies ability to provide a service.

Researching the best long term care insurance companies is really no different, which is why we want to provide you with an updated rating scale of the top long term care insurance companies in the market today.

A Note on The Comdex.

The Comdex is not a rating itself, but a composite of all the ratings that a company has received. The Comdex ranks the companies, on a scale of 1 to 100, in relation to other companies that have been rated by the services.
The Comdex is an effort to reduce the confusion over ratings, which is caused by each ratings service using a different scale. The Comdex is based on the ratings issued by the following rating services: AM Best, Standard & Poor's, Moody's Investors Service and Fitch. It does not include Weiss Ratings. Updates to our website will be made periodically.

The companies and their Comdex rankings.

Allianz Life is one of the largest insurance companies in the world offering a variety of financial products and services.

  • Long term Care Insurance Product: Generation Protector II
  • Company Assets: $1.2 Trillion
  • Comdex Financial Ranking: 85

MedAmerica Insurance Company is a health insurance company specializing in long term care insurance.

  • Long Term Care Insurance Product: Simplicity ii
  • Company Assets: $600 Million
  • Comdex Financial Ranking: 56

Genworth is a spin off company of GE Capital Assurance and offers a number of financial products and services.

  • Long term Care Insurance Products: Privileged Choice and Classic Select
  • Company Assets: $104 Billion
  • Comdex Financial Ranking: 79

John Hancock is now the second largest insurance company in North America and offers a wide variety of individual and group long term care insurance products.

  • Long Term Care Insurance Products: Custom Care II Enhanced, Leading Edge, Corporate Solutions and Corporate Choices.
  • Company Assets: $400 Billion
  • Comdex Financial Ranking: 95

MetLife Insurance Company is one of the nations leading multi-line providers of retirement plans and insurance for individuals, families and businesses.

  • Long Term Care Insurance Products: Value, Ideal, Premier VIP II, LifeStage Advantage Multi-Life
  • Company Assets: $500 Billion
  • Comdex Financial Ranking: 94

Founded in 1909, Mutual of Omaha has been selling long-term care insurance since 1987. Today, long-term care remains a core product for the company.

  • Long-Term Care Insurance Products: Mutual Care 3 & 5, Mutual Care My Way and Mutual Care at Work
  • Company Assets: $18.5 Billion
  • Comdex Financial Ranking:95

Prudential Financial's distinctive rock logo and Prudential's name are among the most enduring brands in U.S. corporate history. Founded in 1875, has been selling long-term care insurance since 1986.

  • Long-Term Care Insurance Products: LTC 3
  • Company Assets: $600 Billion
  • Comdex Financial Ranking:85

United of Omaha isa subsidiary company of Mutual of Omaha, founded in 1926.

  • Long-Term Care Insurance Products: Assured Solutions Gold, Cash First and Workplace Solutions
  • Company Assets: $18.5 Billion
  • Comdex Financial Ranking:95

Learn more.

If you are in the process of purchasing LTCI, or are just researching it, understanding your providers ability to pay for the care you will eventually need, is very important.

To learn more about LTCI, please request our free e-book by clicking on the image to the right.

 

Topics: Long Term Care Insurance, LTCI Carriers

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