Some time ago I have seen software which could compare the rates of some term life insurance policies and even a few Whole Life type policies. The LifeGuide system is far more advanced than its older predecessors . As such it is capable of accurate analysis taking into consideration premium, cash values and, paid up values for each and every year . For Universal Life policies, LifeGuide also takes into consideration Fund Values for each and every years as well as numerous other factors which are necessary to survey these products. LifeGuide is the only multiple company multiple product life insurance system in Canada with the capabilities to survey the entire range of life insurance products including the often complex Universal Life products.
Ratings are by no means a definite prediction of the long term future.
Some ratings are based on currently available data whereas other ratings may be based on data which may be as old as a year or more. Ratings may differ among the ratings agencies and thus it is advisable to consult the opinions of a number of rating agencies. The LifeGuide system is designed to provide the professional life insurance agent, broker or financial planner with information from a number of the leading ratings agencies. It is important to note that if a certain company is not rated by any specific rating agency, that does not mean that there is something wrong with the company. There is no rating agency which rates all Canadian life insurance companies.