Ritter Insurance Marketing, Craig Ritter

Posts Categorized: Shenandoah Life

Link to National Organization of Life and Health Insurance Guarantee Associations

Posted by & filed under News, Shenandoah Life.

I’ve had some questions from agents (Thanks Sue) regarding the Financial Situation with Shenandoah Life.  Shenandoah is NOT in liquidation at this point.  The company is in receivership with the intent being rehabilitation.  However, there are questions about the State Guarantee protection.  Since every state is different, I’m posting a link to the National Organization…

Shenandoah Life Taken over by Virginia Regulators; AM Best Downgrades; Shenandoah Immediately Ceases New Business

Posted by & filed under Final Expense Life, Medicare Supplement, Shenandoah Life.

Late last year, Shenandoah Life announced that it was merging with OneAmerica.  Shenandoah had taken major losses on its Bond Portfolio (mainly from Fannie Mae bonds) and needed a partner.  At the time of the writedown, AM Best downgraded Shenandoah from A- (Excellent) to B++ (Very Good).  News of the proposed merger was posted on…

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