Stellar National Life Insurance Company Receives Initial Ratings From AM Best
Stellar National Life Insurance Company Receives Initial Ratings From AM Best
CHICAGO, IL – February 3, 2023 – Stellar National Life Insurance Company, a growing provider of annuity products, has received its initial ratings from AM Best:
“AM Best has assigned a Financial Strength Rating (FSR) of B++ (Good) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) to Stellar National Life Insurance Company (Stellar Life) (Phoenix, AZ). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Stellar Life’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.” Source: AM Best
“We are pleased to receive a positive rating from AM Best in recognition of our financial strength,” stated John Muscolino, Chief Executive Officer of Stellar National Life. “Our operating model is guided by our focus in providing simple and secure annuity products to the market while leveraging an experienced team committed to providing a ‘Stellar Experience’ to our clients.”
Stellar National Life was launched with a focus on becoming a fully digital issuer of annuities and a partner of choice for the U.S. independent annuity sales channel. Stellar National Life intends to offer a mix of mainstream and niche fixed annuity products designed for banking, credit union and broker dealer distribution through its platform, as well as partner with other direct issuance private credit experts. Stellar National Life’s introductory fixed interest product series for the annuity market will include three, five and seven-year non-market value adjusted annuities (“non-MVA”). Over time, Stellar National Life intends to offer a no-load advisor product suite and specialty designed versions of its products for defined contribution plans.
For the latest Best’s Credit Rating, access www.ambest.com.
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