BEST Life provides competitive, best in class, affordable, dental, vision, life and disability insurance plans to small and large employers in 39 states. We have been in business for over 45 years and in that time, built a reputation for our superior service, rapid claims payment, and quality plans.
Our plans are designed to maximize flexibility. Every employer is different. We understand the importance of tailoring to the specific needs of each employer. One of our keys strengths is having the agility and power to move quickly. We pride ourselves on our ability to provide customized plan designs to meet the specific needs of each employer.
AM Best assesses ratings to insurance companies to provide an opinion of their financial strength and ability to meet ongoing obligations to policy-holders. These ratings come from an in-depth evaluation of a company’s balance sheet strength, operating performance and business profile.
AM Best’s Capital Adequacy Ratio (BCAR) is the methodology behind how they do this. BCAR calculates the net required capital to support the financial risks of the company. They look at the exposure of assets and underwriting to adverse economic and market conditions. Then they compare it all to the economic capital.
Our BCAR score is 222%. And when we compare this score to AM Best BCAR Guidelines above, it shows our rating has an implied strength of A++.
Standard publishes independent insurance reports which provide brief and to-the-point financial information with comparable financial ratios for life and property and casualty insurance companies. They calculate key financial ratios for individual insurance companies and measure and compare them to the financial ratios of leading US insurance companies.
In 2014, Standard reported that BEST Life has far better solvency, substantially higher surplus funds and significantly more liquid assets than the 25 leading insurance carriers in the US.
BEST Life has been around for more than 45 years, doing business in 39 states. There’s a reason for that. We are privately-owned with a solid financial structure built on conservative investments. We offer great products at competitive rates and provide superior service to our brokers, your employer groups and the members we share.