LICOALife Insurance Company of Alabama
LICOALong Island Corvette Owners Association (East Meadow, NY)
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9 March 2011 - AM Best reiterated on Tuesday the financial strength rating of B+ (good) and issuer credit rating of "bbb-" of US Life Insurance Company of Alabama (LICOA).
The ratings affirmation reflects LICOA's established niche marketing of supplemental accident and health and life insurance products primarily via worksite sales, its gradually increasing net premium revenue and ongoing profitability, the agency explained.
LICOA, licensed in 11 Southeastern states, is a small, closely held public company that has provided supplemental insurance products to employer groups and individuals since 1952.