Sentinel Security Life Insurance Company Rating: A Review

When it comes to life insurance, it's essential to choose a reputable company that can provide financial security for your loved ones in the event of your passing. One such company is Sentinel Security Life Insurance Company, which has been in operation since 1948. While its financial ratings may not be top-tier, Sentinel Security has consistently met its obligations and maintains a fairly secure financial position.

Financial-planning experts often recommend purchasing life insurance from companies with an A.M. Best rating of 'A' or higher. However, Sentinel Security's A.M. Best rating is not quite that high, which means there are other life insurers with better financial ratings available. Nevertheless, the company has taken steps to ensure its financial stability by holding approximately two-thirds of its assets in stable, investment-grade bonds and cash.

As of the end of 2019, Sentinel Security had total assets of around $690 million and an annual net income of about $8.7 million. The company operates primarily in the western states, although its reach is limited east of the Mississippi River, particularly in the Northeast. Despite this geographical limitation, Sentinel Security has achieved significant growth over the years by expanding its product lines, acquiring other insurers, and converting from a mutual company to a stock-issuing corporation.

From its headquarters in Salt Lake City, Utah, Sentinel Security issues annuities and insurance policies through a network of over 23,000 agents in 36 states. The company was originally established as Sentinel Mutual Insurance Company, with the goal of providing final expense insurance to help surviving family members cover burial and funeral costs for deceased loved ones. Today, Sentinel Security Life Insurance Company continues to serve this purpose while also offering other types of life insurance policies.

In conclusion, while Sentinel Security's financial ratings may not be the highest, the company has a solid track record of meeting its obligations and maintaining a stable financial position. As such, it can be considered a reputable choice for those seeking life insurance coverage.

Sentinel security life insurance company rating