Standard & Poor’s has affirmed its A (Strong) financial strength ratings for National Life Insurance Company and Life Insurance Company of the Southwest, the two insurance companies of National Life Group.
According to Standard & Poor’s, the ratings ‘reflect our view of National Life Group’s strong business and very strong financial risk profiles, based on its very strong earnings and capitalization.’
The S&P analysis also said the rating agency believes that ‘National Life will continue to sustain a strong competitive position in both the life and 403(b) annuity markets, accompanied by very strong capital adequacy and earnings.’
The rating of A (Strong) is the sixth highest of the 21 categories used by Standard & Poor’s in its ranking of financial strength. The financial strength rating is designed to provide an opinion of a company’s ability to meet its policyholder obligations.
Mehran Assadi, president and chief executive officer of National Life Group, said he was pleased with the S&P report. ‘S&P is telling us that we have a strong competitive position and will continue to do so,’he said. ‘We are built for the long term and we are always focused on the future, looking for innovative ways to fulfill our vision of bringing peace of mind to everyone we touch.’
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.
National Life Group® is a trade name of National Life Insurance Company, Montpelier, Vt., Life Insurance Company of the Southwest, Addison, Texas, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc. is a Broker/Dealer and Registered Investment Adviser.
Sentinel Investments® is the unifying brand name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc. All companies referenced are affiliated and located in Montpelier, VT unless otherwise indicated.
Ratings are subject to change without notice.
Montpelier, Vermont ‘National Life Group 7.18.2013