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What are COMDEX scores for all times insurance coverage corporations?


Melissa Morris has a BS and MS in train science and a doctorate in academic 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.
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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 era 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 effectively. She has labored for small well being insu…

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Rachael Brennan



Licensed Insurance coverage Agent


Rachael Brennan

UPDATED: Jun 8, 2022

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This is the Scoop

  • COMDEX scores for all times insurance coverage corporations compile monetary energy scores from a number of the greatest insurance coverage firm ranking businesses to make it simpler to grasp an organization’s monetary energy
  • COMDEX scores are expressed in a rating from 1 to 100 that signifies which percentile an organization is in in comparison with different insurance coverage corporations
  • The upper the COMDEX ranking, the higher an organization’s monetary energy

If you happen to’ve ever tried to find out about selecting one of many finest life insurance coverage corporations, you’ve most likely heard concerning the significance of economic energy scores when deciding on a coverage. Nevertheless, discovering an organization’s monetary energy ranking could also be difficult and complicated, particularly with the numerous variations between ranking businesses’ strategies.

To make it simpler for customers and insurance coverage brokers, EbixLife developed the COMDEX scores to compile monetary energy scores from main ranking businesses. Nevertheless, when you’re questioning, “What’s a COMDEX ranking on life insurance coverage?” you’re not alone.

Preserve studying beneath to find out about COMDEX scores, what they imply, how you can discover them, and why it’s vital to grasp monetary energy scores earlier than shopping for a coverage.

What are COMDEX scores for all times insurance coverage corporations?

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

It averages the scores from a number of the greatest monetary energy ranking businesses, together with A.M. Greatest, Moody’s, Fitch, and Normal & Poor’s. Subsequently, an insurance coverage firm will need to have scores from a minimum of two of those businesses earlier than receiving a COMDEX ranking.

Through the use of the opposite businesses’ scores, the COMDEX ranking produces a rating between 1 and 100. The upper the rating, the upper the insurance coverage firm’s monetary energy.

The COMDEX can generally make it simpler for consumers to grasp the monetary energy 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 corporations.

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How are COMDEX scores calculated?

COMDEX scores are comparatively straightforward to calculate, however on a regular basis customers almost certainly don’t wish to spend an excessive amount of time looking a number of web sites to see every company’s ranking. As well as, it may be difficult to grasp every company’s ranking technique.

Subsequently, COMDEX scores are calculated by EbixLife utilizing VitalSigns software program. The scores are recalculated each few weeks or extra typically for giant insurers. EbixLife can compile tons of data 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. Greatest, eighty fifth percentile from Moody’s, and eightieth percentile from Normal & 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 implies that the insurance coverage firm has a greater monetary energy ranking than 85% of the opposite insurance coverage corporations.

Why are monetary energy scores vital?

Once you’re looking for 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 property and supplies your life insurance coverage beneficiaries with the loss of life profit you paid for. Subsequently, whenever you’re buying round, it may be useful to analysis an organization’s monetary energy earlier than shopping for from them.

The businesses listed above (A.M. Greatest, Moody’s, Fitch, and Normal & Poor’s) fee insurance coverage corporations primarily based on their monetary energy, together with creditworthiness, asset administration, profitability, income forecasts, and extra.

Nevertheless, it may be difficult to grasp the scores from every of those businesses. It might even take a subscription to entry the data needed to find out an organization’s monetary energy. However, the COMDEX ranking is less complicated to grasp, compiles information from a number of sources, and is straightforward to search out on-line.

How can I work out an organization’s COMDEX ranking?

Sadly, VitalSigns is obtainable 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 extensively out there.

Nevertheless, many web sites and blogs on-line will present lists of some top-ranking corporations with their corresponding COMDEX ranking. Merely do a web based seek for “COMDEX scores,” and also you’re prone to discover a couple of completely different lists which have been up to date lately.

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Who has the very best COMDEX ranking?

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

Prime 25 Life Insurance coverage Corporations by 2021 COMDEX Rankings

Firm COMDEX Ranking
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 scores can change each few weeks. Subsequently, it might be useful to debate any modifications with an insurance coverage agent that has entry to present studies.

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

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