Personal Lines Bulletin

 

February 17, 2011

To our Michigan and Ohio Personal Lines Agents:

AM Best recognizes Patriot Life Insurance Company with “A” (Excellent) rating

The AM Best Company announced this week it has recognized Patriot Life Insurance Company with an A (Excellent) rating.

Patriot Life Insurance Company is a member of Frankenmuth Insurance.

In a statement released by AM Best, the organization stated “the ratings of Patriot Life reflect the formal guaranty issued by Frankenmuth with respect to Patriot Life’s liabilities. In addition, the parent also provides administrative expertise and distribution channels for the growth of Patriot Life’s ordinary life business. AM Best anticipates that Patriot Life will begin marketing an ordinary life portfolio through Frankenmuth’s independent agency force. These products are planned to complement the parent’s personal lines property/casualty products.”

“We are certainly pleased with AM Best’s rating,” says Patriot Life COO Kevin Marti.  “Best is recognized industry-wide as a definitive source for information on the financial condition and operating performance of an insurance company.  Our A (Excellent) rating speaks well of the organization’s confidence in Patriot Life.”

Patriot Life offers 10, 20 & 30 Year Renewable and Convertible Term policies to age 95.  Additionally, a 20 Pay Whole Life policy – Permanent life insurance paid up in 20 years is also among the company’s life insurance solutions.  Additional information may be found at the company’s web site: www-patriotlife-com.devfmins.wpengine.com

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