What Is The Equitable Life Insurance Company

The Equitable Life Insurance Company is a leading life insurance provider, and this company has a lot to offer if you are looking for coverage. Life insurance can help you protect your loved ones financially, but choosing the right policy can seem difficult because of all the different life insurance companies which offer products. With Equitable you can be assured that you are getting a high quality life insurance policy, from a company that has a long history and tradition of quality life insurance. The Equitable Life Insurance Company started out in the year 1859, by a man named Henry Baldwin Hyde, and the name of the company was The Equitable Life Assurance Society of the Unites States. In 1875 the company moved to the Equitable Life Building in Manhattan, very close to Wall Street. In 1912 this historic building burned down, and the company relocated to the Equitable Building, which is still in Manhattan. At the end of 2008 this financial protection giant held assets worth more than five hundred billion dollars, and it is part of the global AXA corporation.

One factor that you should always look at is the financial rating of any life insurance company, and with the Equitable Life Insurance Company you will see high ratings in this department. There are a number of independent companies which rate the finances of life insurance businesses, and all of them have given Equitable high marks for financial security. In June of 2009, A.M. Best Co. gave a rating of A+, which is superior. Moody's rated the Equitable Life Insurance company Aa3, which is considered excellent, in February of 2009. Both Fitch and Standard and Poor's have rated the company as very strong. These ratings show that the company has the ability to pay claims that are filed without experiencing any financial difficulty. This is what you want in a life insurance company, because if your beneficiaries have to file a claim you do not want them to have to wait long periods before the claim is paid, or have to go through the courts to settle a dispute over the payment.

Equitable Life Insurance is a company that you can trust. They have been in business for more than a century, and their reputation is excellent when it comes to their life insurance and financial protection products. The claims history of this company is great, with valid claims being paid promptly and denials made only when there was substantial evidence that a claim should not be paid. The Equitable Life Insurance Company is backed by hundreds of billions of dollars in assets, so you do not have to worry that the company is small and can not be competitive. Life insurance will not provide financial protection if the company you purchase this coverage from is not around when you do pass away. A financially strong life insurance company is crucial to protecting your loved ones when you are gone, and that is exactly what Equitable offers you.