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About First Colony Life:
First Colony Life is a GE Financial
Assurance company. Headquartered in
Lynchburg, Virginia, with a regional
office in Woodland Hills,
California, First Colony is licensed
in every state (in New York through
its subsidiary, American Mayflower
Life Insurance Company of New York),
in Guam and Bermuda.
With over $240 billion insurance in
force, First Colony is in the top
ranks of U.S. life insurance
companies in this category according
to Best's Review.
Financial
Ratings:
First
Colony is rated A++ (Superior), the
highest rating of A.M. Best
Company, based on its review of the
company's relative financial results
and operating performance in
comparison with norms of the life
and health insurance industry. The
company is also rated AA+ (Very
High), 3rd of 17, by Duff &
Phelps, AA (Excellent), 3rd of
18, by Standard & Poor's
based on claims paying ability, and
Aa2 (Excellent), 3rd of 19, by Moody's
Investors Service as it relates
to asset quality. These ratings are
the opinions of these agencies and
are not a warranty of the company's
ability to meet financial
obligations.
Financial
Profile:
First
Colony's investment portfolio is
composed of readily marketable,
investment grade securities with
maturities closely matched to future
cash flow needs.
The bond and redeemable preferred
stock portfolio has an average Moody
rating of A-2. Of the bond and note
portfolio, 97.9% is investment
grade. Life insurance and annuity
policy reserves are 100% backed by
investment grade bonds, preferred
stock and cash. First Colony has
insignificant investments in
mortgage loans and real estate.
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