Evaluate Life Insurance Companies | HSBC

 

How to Evaluate a Life Insurance Company?

The stability and credibility of your insurance company are just as important as the coverage you select. The company you choose should have a long history of insurance expertise, and the resources to make it through tough times.

Industry and third-party rankings

Like many other industries, insurance companies are ranked and rated by independent third-party agencies based on stability, service history, credibility and overall performance. Rankings provide a sense of the reliability and integrity of an insurance company. It's important that the company you choose has a strong reputation that's been verified by an independent agency.

The primary rating agency for life insurance providers is A.M. Best Company. The insurance companies HSBC selects to provide insurance to our customers have a minimum rating of A minus.

Services and options

Carefully review the details of your insurance policy – the policy terms and conditions, available riders, customer service options, payment options and product guarantees. You should be comfortable that the insurance product is right for you and fits your lifestyle.

What are the available term lengths and coverage amounts offered? Are they enough to cover your needs? Do they have riders that cover you in case of disability and accidental death? It's critical that the answers to these questions satisfy your needs.

Consider optional policy riders for more complete coverage. Some examples include:

  • Dependent Child Rider – covers all of your eligible dependent children up to age 23
  • Waiver of Premium Rider – waives your premium during Total Disability (eligibility requirements apply)
  • Accidental Death Benefit Rider – doubles the coverage amount of your base policy in the event of accidental death

Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Third party whole life, universal life and term life insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., which is a wholly-owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.


Investment, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE
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