Insurance Company Ratings - How Safe Is Your College Account?

When most people think of college savings accounts, they don't think of insurance companies. But, through slick marketing to parents who don't know any better, a number of insurance companies and insurance agents continue to convince parents that life insurance policies are good savings vehicles.

While I'd love to talk everyone I can out of these policies, I know some people have already bought them and others are going to buy them no matter what I say. In either case, it is crucial to understand how insurance company ratings work and what they mean about the safety of your college account.

If you find yourself in either of these situations, I've written a longer article about insurance company ratings that you should spend a few minutes reading. The article also contains links to the three main rating agencies (AM Best, Standard & Poor's, and Moody's).

To get more important updates about all the happenings in the college planning world, sign up for my free weekly E-Newsletter.