Comdex Rating
“Comdex is not a rating itself, but a composite of all ratings that a company has received.”
A Comdex rating is a score given to insurance carriers based on the credit standing of a company and ability to pay out claims.
Comdex is given on a scale of 1-100. In relation to the other companies that have been rated by the rating services. A 100 would be an incredible score to achieve but most will stay in the high 90’s.
Comdex is an effort to reduce the confusion of ratings which is caused by different rating companies rating services & rankings.
Sometimes this can actually be based on the percentage of payouts on legitimate death claims.
Where Does Comdex Get its Name?
“Comdex” gets its name from a combination of “Composite” & “Index”.
More About Comdex Score
Comdex is made up of composite score, rating companies such as A.M. Best, S&P, Moody’s & Fitch.
Has a Company Ever Got 100 Comdex Score?
Northwestern Mutual. New York Life. Thrivent. TIAA have in the past achieved Comdex scores of 100!
Conclusion
If you are interested in getting life insurance from a high scoring Comdex rating insurance carrier call Insurance Broker Resources to get a quote on a insurance.
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