SUSORP Products, Fees, Returns & Company Information
|
During the month of September, 2008, the Division of Retirement received numerous calls regarding the financial situation surrounding AIG and other insurance companies. To find out more information regarding insurance companies and this situation you can visit the National Association of Insurance Commissioners (NAIC) Web site. |
|
SUSORP Products, Fees, & Returns |
|---|
|
Approved Products, Fees, and Returns Listing - PDF version - This table provides products, associated fees, surrender charges and historical returns for the various provider companies of the SUSORP. |
|
Investment Provider Companies |
|---|
|
COMPANY |
JEFFERSON NATIONAL Life Insurance Company |
|
PHONE |
Customer Service: 866-667-0561 |
|
ADDRESS |
Jefferson National Life Insurance Company |
|
RATINGS |
AM Best: B (Fair) |
|
COMPANY |
METLIFE Investors |
|
PHONE |
Toll-Free: 800-560-5001 |
|
ADDRESS |
MetLife/MetLife Investors |
|
RATINGS |
AM Best: A+ (Superior) |
|
COMPANY |
TIAA-CREF (Teachers Insurance and Annuity Association - College Retirement Equities Fund) |
|
PHONE |
Toll-Free: 877-267-4510 |
|
ADDRESS |
TIAA-CREF |
|
RATINGS |
TIAA Ratings: |
|
COMPANY |
AIG Retirement(VALIC - Variable Annuity Life Insurance Company) |
|
PHONE |
Toll-Free: 800-448-2542 PH: 813-961-1019 |
|
ADDRESS |
10006 N. Dale Mabry Hwy |
|
RATINGS |
A.M. Best: A (Excellent) |
|
COMPANY |
ING |
|
PHONE |
Toll-Free: 800-525-4225 |
|
ADDRESS |
ING |
|
RATINGS |
A.M. Best: A+ (Superior) |
|
A Brief Overview of Insurance Company Rating Services |
|
|---|---|
|
Rating services provide a measurement of the financial soundness of insurance companies. Many purchasers of insurance policies and annuities use these ratings to assist them in determining their level of comfort in investing with a particular company. However, such ratings cannot guarantee performance; they merely reflect the professional opinion of the raters about the financial condition (e.g., strength, stability, etc.) of various companies. |
|
|
Each rating service has its own analysis methodology and rating system. Therefore, all ratings should be put in their proper context with respect to the rating service’s criteria and the relative position of the rating on the overall scale used. Since any given rating is subject to change, you will want to ensure that you have the most current rating information. You may wish to ask each provider company for a copy of their latest rating report. Or, you could contact the various rating services directly for detailed information regarding their respective rating scale and how to interpret each letter rating. Be sure to inquire as to what written reports are available and if there is a charge. These rating services are: |
|
|
|
|
For general information regarding annuities, you may also contact the Florida Department of Financial Services’ toll-free consumer helpline (800-342-2762). The department also publishes a free consumer guide on annuities that you may order through the helpline or download from the department’s Web site. |
|
E-mail your SUSORP comments or questions to us. Please include your name, mailing address, e-mail address, the last four digits of your social security number (SSN), and your phone number if you require an answer from us. |