Montpelier, VT (October 8, 2018) - Moody’s Investors Service has improved the ratings outlook of the insurance companies of National Life Group to positive, reflecting the companies’ “growing market position in life insurance and annuities, strong financial flexibility and good consistent operating profitability.”
Moody’s also reaffirmed the insurance financial strength rating of A2 for National Life’s two insurance companies, National Life Insurance Company and Life Insurance Company of the Southwest.
“We’re gratified that the financial markets recognize the strong position of National Life,” said Mehran Assadi, Chairman, CEO and President of National Life. “With a focus on our cause and our mission, National Life has been growing steadily and responsibly for the past five years.”
Moody’s noted the growth in a news release, describing “solid growth over the past few years in fixed indexed annuities and indexed universal life insurance. In addition, (National Life) maintains a solid position in the 403(b) annuity market, serving K-12 teachers through its LSW subsidiary.”
National Life has been keeping our promises since 1848. We’re here to bring you peace of mind. Believe in tomorrow, do good today. Learn more at NationalLife.com.
Contact: Ross Sneyd, corporate communications, National Life Group, 802.229.3866.
National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, 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.