AM Best assigned a financial strength rating (FSR) of B++ (good) and a long-term credit rating (long-term ICR) of “bbb+” (good) to
The ratings reflect the strength of CL Life’s balance sheet, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate management of business risks.
CL Life, which launched in
CL Life does not yet have an established or projected position in the market, with a high degree of competition currently in the annuity market hampering the execution of its business plan.
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Source: AM Best