1. Briefly describe the steps to take when you shop for and buy life insurance. 2. Briefly describe the insurance company ratings assigned by A. M. Best, Moody’s, Fitch, Standard & Poor’s, and Comdex....

1. Briefly describe the steps to take when you shop for and buy life insurance.

2. Briefly describe the insurance company ratings assigned by A. M. Best, Moody’s, Fitch, Standard & Poor’s, and Comdex. Why is it important to know how a company is rated? What ratings would you look for when selecting a life insurance company? Explain.