One of our most popular blog posts, rating long term care insurance companies using the Comdex ratings, generates many questions. Most recently, one came in regarding the rating of Lincoln National Corporation and thought we should share some info with our readers:
Lincoln National Corporation is one of the largest financial services companies in the country and is #32 by assets on the Fortune 500 list for 2008 (May 2009). The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York:
- #2 provider in life insurance sales, LIMRA December 31, 2008
- #5 largest broker-sold variable annuities, VARDS/MARC December 31, 2008
- #12 ranked total sales for fixed annuities, LIMRA December 31, 2008
- Lincoln Financial Group is the eighth largest retirement plan provider by full service plans
Related posts:
In your ratings of the Best Long Term Insurance Companies you failed to include information on their “Claims Records”; do they honor claims on their policies on a timely basis without putting up roadblocks or is every claim a hassle?
You can learn of a company’s claims payment history by contacting your state insurance department. Insurance companies are required by law to file this on an annual basis. The companies that we have in our portfolio all have a claims payment history of 97% or higher. My personal experience has been excellent. The folks that work in the claims departments treat these folks as if they are part of their family.