First Security Benefit Life is a provider of retirement savings and income options for America’s pre- and post-retirees. Through our institutional partners and their advisors, we target multiple wealth segments, utilizing a focused, effective and strategically driven distribution structure.
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All ratings pertain to First Security Benefit Life Insurance and Annuity Company of New York. Ratings are assigned on a group basis to both Security Benefit Life Insurance Company and First Security Benefit Life Insurance and Annuity Company of New York by independent, third-party rating agencies and bear no relation to the investment performance of assets held in any of First Security Benefit Life Insurance and Annuity Company of New York’s separate accounts.Financial Strength Ratings
Financial Strength Rating: A-
(EXCELLENT, WITH A STABLE OUTLOOK)
A.M. Best’s rating represents an overall opinion of an insurance company’s ability to meet its obligations to policyholders and is derived by evaluating the financial strength, operating performance and market profile of an insurance company in comparison with quantitative and qualitative standards of a peer life/health industry composite. A.M. Best ratings range from A++ (superior) to S (rating suspended).
Financial Strength Rating: A-
(STRONG, WITH A STABLE OUTLOOK)
S&P Financial Strength Ratings are a current opinion of the financial strength of an insurance organization, and its capacity to meet senior obligations to policyholders and contract holders on a timely basis. The ratings are assigned to the insurance organization itself and do not address the suitability of a particular policy or contract for a specific purpose or purchaser. S&P ratings range from AAA (extremely strong) to R (under regulatory supervision) and short-term ratings range from A-1 (strong) to R (under regulatory supervision).
Summary of Statutory Financial Information
First Security Benefit Life Insurance and Annuity Company of New York (FSBL or the Company)
FSBL operates only in the state of New York.
This statutory financial information of the Company is presented on the basis of accounting practices prescribed or permitted by the New York Department of Financial Services. The New York Department recognizes only statutory accounting practices prescribed or permitted by the State of New York for determining and reporting the financial condition and results of operations of an insurance company for purposes of determining its solvency under the New York Insurance Law. The National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual has been adopted as a component of prescribed or permitted practices by the state of New York.
First Security Benefit Life Insurance and Annuity Company of New York (NAIC # 60084) is located in New York, NY. Insurance products offered in New York are issued by FSBL.
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