If you were in the market for a new car, chances are you wouldn’t buy it without first getting opinions from people you trust or checking reliable product reviews. Doing your homework before you make an important purchase — like a car — can help you make a more informed decision.
The same holds true for insurance companies. If you’re shopping for insurance — whether it’s a life policy, a supplemental health plan or even an annuity — it’s important to know if the insurance company offering the coverage is financially strong enough to live up to its guarantees. Here’s what you need to know.