Our Due Diligence Process
Although there are similarities which do exist between Planning Firms, at Conry Financial Services, we combine our 53 years of professional experience with a keen understanding of our client’s goals and objectives and take pride in developing unique, safe, time-tested strategies to help seniors meet their financial goals. But not all Planning Firms employ the same Due Diligence process.
Our Due Diligence Process
The work we do for our clients does not stop with our experience and technical expertise. When insurance products serve as a viable planning tool to enhance our planning strategies, the products we offer must pass a rigorous selection process. Only top insurance companies, with excellent claims paying ability, are offered through our office. We do not rely on any one rating agency to assess the financial strength of an insurance company.
At Conry Financial Services, all five rating agencies are used in our Due Diligence Process, which results in a report card, expressed in terms of a Comdex Rating. In our opinion;
Insurance companies with inadequate claims paying ability have a Comdex Rating from 50 to 60.
- Insurance companies with a poor, to average claims paying ability, are in the 60 to 70 range.
- At Conry Financial Services, only those companies with a superior claims paying ability are offered. For years, we have only recommended products from carriers with a Comdex Rating of 80, or better.
