I’m aware of a couple of B++ companies that may have ratings downgrades pending. I’ll post about those if/when the downgrades happen.Please refer to Colorado Bankers Life situation earlier within this thread.Comparing Aspida (A-); 6.15% for 5 years to Canvas (B++); 6.25%
If the amount is well below the state insurance fund limits, it seems like the company rating wouldn't be a significant factor, although I'm sure going through that process wouldn't be much fun if a company went insolvent. I guess that also depends on the state.
Any thoughts on how to quantify the difference?
I’ve been observing the MYGA space pretty closely for about 4 years now. I’ve just about decided that if I buy another MYGA from a B++ company, it will be for a term no longer than 3 years. And I wouldn’t buy anything from a B+ company.
Statistics: Posted by Stinky — Mon May 13, 2024 6:47 pm