Company Ratings Table

All ratings displayed without dates have been in effect for one year or more.
Some dates unavailable for those ratings that have recently been added or changed.

* Indicates the rating was newly assigned or recently upgraded.

** Indicates the rating was recently downgraded.

Company Name	BEST's a	S & P's b	MOODY'S c	FITCH d
	---	---	---	---
ACACIA NATIONAL LIFE INS. CO.	A	AA	---	---
AEGON USA GROUP	---	AAA	---	---
AETNA LIFE INS. & ANNUITY CO.	A+	AA+	Aa2	AA+
AETNA LIFE INS. CO. OF AMERICA	A+	AA+	Aa2	AA+
AETNA LIFE INS. CO. OF IL	A	A+	---	---
AETNA LIIFE INS. CO.	A	A	A2	AA-
AID ASSOC. FOR LUTHERANS	A++	AA+	Aa2	AA+
AIG LIFE INS. CO.	A++	AAA	Aaa	AAA
AKSARBEN LIFE INS. CO.	---	AAA	---	---
ALL AMERICAN LIFE INS. CO.	A+	AA+	Aa3	AA+
ALLIANZ LIFE INS. CO. OF NORTH AMERICA	A++	AAA	Aa3	---
ALLMERICA FINANCIAL LIFE and ANNUITY CO. (formerly SMA Life Assur. Co.)	A	AA-	A1	AA
ALLSTATE LIFE INS. CO.	A+	AA+	Aa2	---
ALLSTATE LIFE INS. CO. OF NY	A+	AA+	Aa2	---
AMERICAN BANKERS LIFE ASSUR. CO. OF FL	A	AA-	---	---
AMERICAN ENTERPRISE LIFE INS. CO.	A+	A	Aa2	AA
AMERICAN FOUNDATION LIFE INS. CO. (See Protective Life & Annuity Ins. Co.)	---	---	---	---
AMERICAN GENERAL ANNUITY INS. CO.	A+	AA+	Aa3 **
AA+
AMERICAN GENERAL LIFE & ACCIDENT INS.CO.	A+	AA+	Aa3	AA+
AMERICAN GENERAL LIFE INS. CO. (TX)	A+	AA+	Aa3	AA+
AMERICAN GENERAL LIFE INS. CO. OF NY	A+	AA+	---	AA+
AMERICAN INTERNAT'L LIFE ASSUR.CO.OF NY	A++	AAA	Aaa	AAA
AMERICAN INVESTORS LIFE INS. CO.	A	A	Baa1	---
AMERICAN LIFE & CASUALTY INS. CO. (See Conseco Annuity Assur. Co.)	---	---	---	---
AMERICAN LIFE INS. CO. OF NY	A-	AA+	---	---
AMERICAN LIFE INS. CO.(DE)	NR-2	AAA	Aaa	AAA
AMERICAN MAYFLOWER LIFE INS. CO.	A+	AA	Aa2	AA
AMERICAN NATIONAL LIFE INS. CO. (TX)	A+	AA+	Aa3 * (01/1999) ** (03/2002)
---
AMERICAN SKANDIA LIFE ASSUR. CORP.	A w	A+	---	AA-
AMERICAN UNITED LIFE INS. CO.	A+	AA-	A1	AA
AMERITAS LIFE INS. CORP.	A+	AA	A1	---
AMERITAS VARIABLE LIFE INS. CO.	A	AA	---	---
AMERUS LIFE INS. CO. (formerly AMERICAN MUTUAL)	A	A	Baa1 **
---
ANCHOR NATIONAL LIFE INS. CO.	A++	AAA	Aaa	AAA
ANTHEM ALLIANCE HEALTH INS. CO. (Formerly Anthem Ins. Co. Inc.)	---	A	A3	---
ARKANSAS BLUE CROSS & BLUE SHIELD	A-	BBB+	---	---
ASSOCIATED INS. COS. INC. (SEE ANTHEM INS. CO. INC.)	---	---	---	---
AURORA NATIONAL LIFE ASSUR. CO.	FPR 6	BBB	Baa1	A+
AUSA LIFE INS. CO.	A+	AAA	Aa3	AA+
BALTIMORE LIFE INS. CO.	A	A+	---	---
BANKERS LIFE & CASUALTY CO. (IL)	A-	BBB	Baa3 w- ** (11/2001)
BBB
BANKERS SECURITY LIFE INS. SOC. (SEE RELIASTAR)	---	---	---	---
BANKERS UNITED LIFE ASSUR. CO./AEGON	NR-5 ** (04/2002)
AAA	Aa3	AA+
BANNER LIFE INS. CO.	A++ * (02/2002)	BBB	A2	---
BERKSHIRE HATHAWAY LIFE INS CO. OF NE	A++	AAA	---	---
BERKSHIRE LIFE INSURANCE CO.	A+	---	---	AA-
BLUE CROSS & BLUE SHIELD OF FL, INC.	A	A+	---	---
BLUE CROSS & BLUE SHIELD OF IL	---	AA	---	---
BLUE CROSS & BLUE SHIELD OF MN	A	AA-	---	---
BLUE CROSS & BLUE SHIELD OF TEXAS, INC.	NA-1	A	---	---
BLUE CROSS & BLUE SHIELD OF VA	NA-1	AA-	---	---
BUSINESS MEN'S ASSUR. CO. OF AMERICA	A	AA	A1	AA- ** (09/2001)
CANADA LIFE ASSUR. CO.	A+	AA	Aa3	AA+ w-
CANADA LIFE INS. CO OF AMERICA/C.L.A	A+	AA	Aa3	AA+
CANADA LIFE INS. CO. OF N.Y./C.L.A.	A+	AA	---	AA+ w-
CAPITOL BANKERS LIFE INS. CO.	A-	A-	---	---
CENTRAL BENEFITS NAT'L LIFE INS. CO.	B++	BB	---	---
CENTURY LIFE OF AMERICA (see CUNA Mutual life Ins.)	---	---	---	---
CGU LIFE INS. CO. OF NY	A+	A	---	AA-
CHARTER NATIONAL LIFE INS. CO.	---	---	---	---
CHUBB LIFE INS. CO. OF AMERICA (see Jefferson-Pilot Financial Ins. Co.)	---	---	---	---
CHUBB LIFEAMERICA GROUP (see Jefferson-Pilot Financial Ins. Co.)	---	---	---	---
CHUBB SOVEREIGN LIFE INS. CO. (see Jefferson-Pilot Financial Ins. Co.)	---	---	---	---
CLARICA LIFE INS. CO. (formerly TMG Life Ins. co.)	A++	AA	---	---
CM LIFE INS. CO.	A++	AAA	Aa1	AAA
COLONIAL LIFE & ACCIDENT INS. CO.	A ** (08/2001)
AA-	A2	AA-
COLONIAL LIFE INS. CO. OF AMERICA (see Jefferson-Pilot Financial Ins. Co.)	---	---	---	---
COLONIAL PENN LIFE INS. CO. (see Conseco Direct Life Ins. Co.)	---	---	---	---
COLUMBUS LIFE INS. CO.	A+	AAA	Aa2	AAA
COMMONWEALTH LIFE INS. CO. (see Monumental Life Ins. Co.)	---	---	---	---
CONFEDERATION LIFE INS. & ANNUITY CO.	E	R	---	CCC
CONFEDERATION LIFE INS. CO.(CANADA)	E	R	---	DD
CONNECTICUT GENERAL LIFE INS. CO.	A+	AA	Aa3	AA+
CONNECTICUT NATIONAL LIFE INS. CO. (see Conseco Medical Ins. Co.)	---	---	---	---
CONSECO ANNUITY ASSUR. CO. (Formerly American Life & Casualty Ins. Co.)	A-	BBB	Ba1 w- ** (11/2001)
BBB
CONSECO DIRECT LIFE INS. CO. (Formerly Colonial Penn Life Ins. Co.)	A-	BBB	Ba1 w- * (11/2001) ** (11/2001)
BBB
CONSECO LIFE INS. CO.	A-	BB+ ** (01/2002)
Ba1 w- ** (11/2001)	BBB
CONSECO MEDICAL INS. CO. (Formerly Connecticut National Life Ins. Co.)	A-	BBB	---	BBB
CONSECO VARIABLE INS. CO. (Formerly Great American Reserve Ins. Co.)	A-	BBB	Ba1 w- ** (11/2001)
BBB
CONTINENTAL ASSUR. CO.	A	A+ * (02/2002)	A2	AA- **
CONTINENTAL GENERAL INS. CO.	A-	---	---	A-
COVA FINANCIAL SERVICE LIFE INS. CO. (formerly XEROX FINANCIAL SER.)	A+	AA-	Aa2	AA+
CUNA MUTUAL INS. SOCIETY	A	A	---	AA
DELTA LIFE AND ANNUITY CO.	A	BBB	Baa1	---
EMPIRE GENERAL LIFE ASSUR. CO.	A+	AA	---	AA
EQUITABLE LIFE ASSUR. SOC. OF THE U.S.	A+	AA	Aa3	AA
EQUITABLE LIFE INS. CO. OF IOWA	AA+	AA+	Aa2	AA+
EQUITABLE OF COLORADO,INC.	A+	AA	---	AA
EQUITY NATIONAL LIFE INS. CO./AEGON	A	AA+	---	---
FARMERS NEW WORLD LIFE INS. CO.	A+	A	Aa3	---
FEDERAL HOME LIFE INS. CO.	A+	A	Aa2	AA
FEDERAL KEMPER LIFE ASSUR. CO.	A+	A+ * (12/1999) (03/2002)	Aa3	AA
FIDELITY & GUARANTY LIFE INS. CO.	A	AA	A3	AA
FIDELITY BANKERS LIFE INS. CO.	E	R	---	---
FIRST ALEXANDER HAMILTON LIFE INS. CO.	NR-5	BBB	---	AAA
FIRST ALLMERICA FINANCIAL LIFE (formerly State Mutual Assurance)	A	AA-	A1	AA
FIRST CAPITAL LIFE INS. CO. (SEE PACIFIC CORINTHIAN)	---	---	---	---
FIRST CENTRAL NAT'L LIFE INS. CO. OF NY	A	AA	---	---
FIRST COLONY LIFE INS. CO.	A++	AA	Aa2	AA
FIRST FORTIS LIFE INS. CO.	A	AA	---	---
FIRST GNA LIFE INS. CO. OF NY (SEE GE CAPITAL LIFE ASR OF NY)	---	---	---	---
FIRST PENN-PACIFIC LIFE INS. CO.	A	AA-	A1	AA
FIRST RELIANCE STANDARD LIFE INS. CO.	A-	A	---	A+
FIRST SAFECO NATIONAL LIFE INS.CO.OF NY	A+	AA	---	---
FIRST TRANSAMERICA LIFE INS. CO. (SEE TRANSAMERICA LIFE OF NY)	---	---	---	---
FIRST UNUM LIFE INS. CO.	A ** (08/2001)
AA-	A2	--- AA-
FORD LIFE INS. CO. (see SunAmerica Life )	A-	A+	---	---
FORETHOUGHT LIFE INS. CO.	A	A	A	---
FORTIS BENEFIT LIFE INS. CO.	A	AA-	Aa3 *	---
FRANKLIN LIFE INS. CO.	A+	AA+	Aa3	AA+
GE LIFE & ANNUITY INS. CO. (Formerly Life Ins. Co. of Virginia)	A+	AA	Aa2	AA
GENERAL AMERICAN LIFE INS. CO.	A+	AA-	Aa2	AA+
GENERAL ELECTRIC CAPITAL ASR. CORP/ AMEX (formerly United Pacific Life)	A+	AA	Aa2	AA
GLENBROOK LIFE & ANNUITY CO.	A+	AA+	Aa2	---
GLOBE LIFE & ACCIDENT INS. CO.	A+	AA	---	---
GOLDEN AMERICAN LIFE INS. CO.	A+	AA+	---	AA+
GOLDEN RULE INSURANCE CO.	A	A+	---	---
GRAND PACIFIC LIFE INS. CO., LTD.	B+	---	---	BBB+
GREAT AMERICAN LIFE INS. CO.	A	A * (03/2002)	A3	AA-
GREAT AMERICAN RESERVE INS. CO. (See Conseco Variable Ins. Co.)	---	---	---	---
GREAT SOUTHERN LIFE INS. CO.	A	A	---	---
GREAT-WEST LIFE & ANNUITY INS. CO. (US)	A++	AA+	Aa2	AAA
GREAT-WEST LIFE ASSUR. CO.(CANADA)	A++	AA+	Aa2	AAA
GUARDIAN INS. & ANNUITY CO.	A+	AA+	Aa1	AA+ ** (02/2002)
GUARDIAN LIFE INS. CO. OF AMERICA	A+	AA+	Aa1	AA+ ** (02/2002)
HARTFORD LIFE & ACCIDENT INS. CO.	A+	AA	Aa3	AA+
HARTFORD LIFE & ANNUITY INS. CO.	A+	AA	Aa3	AA+
HARTFORD LIFE INS. CO.	A+	AA	Aa3	AA+
HOME LIFE INS. CO. (SEE PHOENIX HOME)	---	---	---	---
HORACE MANN LIFE INS. CO.	A	AA-	A2	AA-
IDS LIFE INS. CO.	A+	A ** (08/2001)
Aa3	AA
IDS LIFE INS. CO. OF NY	A+	A ** (08/2001)
Aa3	AA
INDIANAPOLIS LIFE INS. CO.	A+	A	Baa1	AA-
INTEGRITY LIFE INS. CO.	A+ * (11/2001)	AAA	Aa2	AAA
INTER-STATE ASSUR. CO.	A	A+	---	---
JACKSON NATIONAL LIFE INS. CO.	A+	AAA	Aa3	AA+
JEFFERSON PILOT LIFE INS. CO.	A++	AAA	Aa2	AAA
JOHN ALDEN LIFE INS. CO.	A-	AA-	A2	---
JOHN HANCOCK LIFE INS. CO. (formerly John Hancock Mutual Life Ins.)	A++	AA+	Aa2	AAA
JOHN HANCOCK VARIABLE LIFE INS. CO.	A++	AA+	Aa2	AAA
KANSAS CITY LIFE INS. CO.	A+	A+	A3	---
KEMPER INVESTORS LIFE INS. CO.	A+	A+ * (03/2002)	Aa3	AA
KEYPORT LIFE INS. CO.	A+	AA+	Aa2 ** (11/2001)
AA-
KNIGHTS OF COLUMBUS	A++	AAA	Aa3	---
LAFAYETTE LIFE INS. CO.	A	A	---	A+
LIBERTY LIFE ASSUR. CO. OF BOSTON	A	AA-	A1	---
LIBERTY LIFE INS. CO.	A	---	---	AA-
LIBERTY NATIONAL LIFE INS. CO.	A+	AA	A2	---
LIFE INS. CO. OF GA.	A+	A-	Aa2	AA+
LIFE INS. CO. OF THE SOUTHWEST	A	A	Baa1	AA-
LIFE INS. CO. OF VIRGINIA (See GE Life & Annuity Ins. Co.)	---	---	---	---
LIFE INVESTORS INS. CO. OF AMER./AEGON	A+	AAA	Aa3	AA+
LIFE OF MARYLAND, INC.	A	A+	---	---
LIFE USA INS. CO.	A	A+	Aa3	---
LINCOLN BENEFIT LIFE CO.	A+	AA+	Aa2	---
LINCOLN NATIONAL LIFE INS. CO.	A	AA-	Aa3	AA
LUTHERAN BROTHERHOOD	NR-3 ** (01/2002)
AA+	Aa2	AA+
LUTHERAN BROTHERHOOD VAR. INS. PROD. CO.	A++	AA+	---	AA+
LYNDON INS. CO./ LYNDON INS. GROUP	A+	---	---	---
MA. SAV. BANK LF INS.(SEE SAV. BANK LIFE)	---	---	---	---
MANHATTAN NATIONAL LIFE INS. CO.	A-	BBB	---	BBB
MANUFACTURERS LIFE INS. CO OF NORTH AMERICA	NR-3 ** (01/2002)
AA+	Aa2	AAA
MANUFACTURERS LIFE INS. CO. (USA)	NR-3 ** (01/2002)
AA+	Aa2	AAA
MANUFACTURERS LIFE INS. CO.(CANADA)	A++	AA+	Aa2	AAA
MASSACHUSETTS CASUALTY INS. CO.	A	---	---	---
MASSACHUSETTS GENERAL LIFE INS. CO. (SEE CONSECO LIFE INS. CO.)	---	---	---	---
MASSACHUSETTS MUTUAL LIFE INS. CO.	A++	AAA	Aa1	AAA
MERRILL LYNCH LIFE INS. CO.	A+	AA-	Aa3	---
METROPOLITAN INS. & ANNUITY CO.	A	AA	Aa3	---
METROPOLITAN LIFE INS. CO.	A+	AA	Aa2	AA+
MIDLAND NATIONAL LIFE INS. CO.	A+	AA	A2	---
MILICO (SEE PRIMERICA LIFE INS. CO.)	---	---	---	---
MINNESOTA LIFE INS. CO. (formerly MINNESOTA MUTUAL)	A++	AA+	Aa2	AA+
ML LIFE INS. CO.NY (formerly ROYAL TANDEM)	A+	AA-	Aa3	---
MML BAY STATE LIFE INS. CO.	A++	AAA	---	AAA * (11/2001)
MODERN WOODMEN OF AMERICA	A+	---	---	AA
MONY LIFE INS. CO. (Formerly Mutual Life Ins. Co. of New York)	A	AA-	A2	AA- w- ** (11/2001)
MUTUAL LIFE INS. CO. OF NEW YORK (See MONY Life Ins. Co.)	---	---	---	---
MUTUAL OF AMERICA LIFE INS. CO.	A+	AA+	Aa3	AA
MUTUAL OF OMAHA LIFE INS. CO.	A	AA-	Aa3	AA
MUTUAL TRUST LIFE INS. CO.	A	A+	---	A+
NATIONAL INTEGRITY LIFE INS. CO.	A+ * (11/2001)	AAA	Aa2	AAA
NATIONAL LIFE INS. CO. (VERMONT)	A	A+	A3	AA-
NATIONAL WESTERN LIFE INS. CO.	A-	A+	---	---
NATIONWIDE LIFE INS. CO.	A+	AA	Aa3	AA+
NEW ENGLAND LIFE INS. CO. (FORMERLY NEW ENGLAND VARIABLE LIFE)	A+	AA	Aa2	AA+
NEW ENGLAND MUTUAL LIFE INS. CO. (SEE MET LIFE)	---	---	---	---
NEW YORK LIFE INS. & ANNUITY CORP.	A++	AA+	Aa1	AAA
NEW YORK LIFE INS. CO.	A++	AA+	Aa1	AAA
NORTHBROOK LIFE INS. CO.	A+	AA+	Aa2	---
NORTHERN LIFE INS. CO.	A+	AA+	Aa2 * (09/2000)	AA+
NORTHSTAR LIFE INS. CO.	A+	BB	---	AAA
NORTHWESTERN MUTUAL LIFE INS. CO.	A++	AAA	Aaa	AAA
NORTHWESTERN NATIONAL LIFE INS. ( see ReliaStar Life Ins. Co.)	---	---	---	---
OHIO NATIONAL LIFE ASSUR. CO.	A+	AA	A1	AA
OHIO NATIONAL LIFE INS. CO.	A+	AA	A1	AA
OLD AMERICAN INS. CO.	B+	A	---	---
OLD LINE LIFE INS. CO. OF AMERICA	A+	AA+	Aa3	AA+
OLD UNITED REINSURANCE CO	11/01/2001 * (11/2001)	---	---	---
PACIFIC CORINTHIAN LIFE INS. CO.	NA-4	R	---	---
PACIFIC GUARDIAN LIFE INS. CO. LTD. (SEE PACIFIC LIFE)	---	---	---	---
PACIFIC LIFE INS. CO. (formerly Pacific Mutual)	A++	AA+	Aa3	AA+
PAINEWEBBER LIFE INS. CO.	A-	BBB+	---	---
PAN-AMERICAN LIFE INS. CO.	A-	---	A3	A
PARAGON LIFE INS. CO.	A+	AA-	---	AA+
PAUL REVERE LIFE INS. CO.	A	AA-	A2	AA-
PAUL REVERE PROTECTIVE LIFE INS. CO.	NR-5	AA-	A2	--- * AA-
PAUL REVERE VARIABLE ANNUITY LIFE INS.CO.	A	AA-	A2	AA-
PENN INS. & ANNUITY CO.	A	AA-	A2	AA-
PENN MUTUAL LIFE INS. CO.	A	AA-	A2	AA-
PEOPLES BENEFIT LIFE INS. CO. (Formerly Providian Life & Health Ins. Co.)	A+	AAA	Aa3	AA+
PEOPLES SECURITY LIFE INS. CO. (see Monumental Life Ins. Co.)	---	---	---	---
PFL LIFE INS. CO./AEGON GROUP	A+	AAA	Aa3	AA+
PHF LIFE INS. CO.	B+	BBB	---	AA-
PHILADELPHIA LIFE INS. CO.	A	A+	---	AA-
PHL VARIABLE LIFE INS. CO.	A	AA	---	---
PHOENIX AMERICAN LIFE INS. CO.	A	---	---	AA
PHOENIX LIFE INS. CO.	A	AA-	Aa3	AA
PHYSICIANS LIFE INS. CO.	A+	AA	---	---
PHYSICIANS MUTUAL LIFE INS. CO.	A	AA	---	---
PRESIDENTIAL LIFE INS. CO	A-	A	Baa1	---
PRIMERICA LIFE INS. CO. (FORMERLY MILICO)	A++	AA	Aa3	AA
PRINCIPAL LIFE INS. CO.	A+	AA	Aa2	AA ** (02/2002)
PROTECTIVE LIFE & ANNUITY INS. CO. (formerly American Foundation Life Ins. Co.)	A	AA	---	AA
PROTECTIVE LIFE INS. CO.	A+	AA	A1	AA
PROVIDENT LIFE & ACCIDENT INS. CO.	A	AA-	A2	AA-
PROVIDENT MUT. LIFE INS. CO. OF PHIL.	A	AA-	A2	AA
PROVIDENT NATIONAL ASSUR. CO	A	BBB	---	AA-
PROVIDENTMUTUAL LIFE & ANNUITY INS. CO.	A	AA-	A2	AA
PROVIDIAN LIFE & HEALTH INS. CO. (See Peoples Benefit Life Ins. Co.)	---	---	---	---
PRUCO LIFE INS. CO.	A	A+	A1	---
PRUCO LIFE INS. CO. OF NJ	A	A+	A1	---
PRUCO LIFE INS. CO. OF TX	NA-4	AA-	---	---
PRUDENTIAL INS. CO. OF AMERICA	A	A+	A1	AA-
REASSURE AMERICA LIFE INS. CO.	---	---	---	---
RELIANCE STANDARD LIFE INS. CO.	A-	A	Baa2 w+ ** (11/2001)
A+
RELIASTAR LIFE INS. CO.	A+	AA+	Aa2	AA+
ROYAL MACCABEES LIFE INS. CO.	A-	A	---	A
ROYAL TANDEM LIFE (SEE ML LIFE)	---	---	---	---
SAFECO LIFE INS. CO.	A	A+	A1	AA-
SAVINGS BANK LIFE INSURANCE (MA)	A+	AA-	---	AA
SECURITY BENEFIT LIFE INS. CO.	A+	AA-	A2	AA-
SECURITY EQUITY LIFE INS. CO.	A+	B	---	AA+
SECURITY FIRST LIFE INS. CO.	A+	AA	Aa3	AA+
SECURITY LIFE OF DENVER INS. CO.	A+	AA+	Aa2	AA+
SECURITY MUTUAL OF NY LIFE INS. CO.	A	A+	Baa1	A+
SECURITY-CONNECTICUT LIFE INS. CO.	A	AA+	Aa2	AA+
SIERRA HEALTH & LIFE INS. CO.	A-	BB	---	BBB+
SOUTHLAND LIFE INS. CO.	A+	AA+	Aa2	AA+
SOUTHWESTERN LIFE INS. CO.	B++	--- *	---	---
STANDARD INS. CO.	A	A+	A2	AA-
STATE FARM LIFE & ACCIDENT ASSUR. CO.	A++	AAA w- ** (03/2002)
Aaa	AAA
STATE FARM LIFE INS. CO.	A++	AAA w- ** (03/2002)
Aaa	AAA
STATE LIFE INS. CO.	A+	AA-	---	AA
SUN LIFE ASSUR. CO. OF CANADA	A++	AA+	Aa2	AAA
SUN LIFE INS. & ANNUITY CO. OF NY	A++	AAA	---	AAA
SUNAMERICA LIFE INS. CO.	A++	AAA	Aaa	AAA
SUNSET LIFE INS. CO. OF AMERICA	A	A+	---	---
SURETY LIFE INS CO.	A+	AA+	---	---
TANDEM INS. GROUP(SEE ML LIFE)	---	---	---	---
TEACHERS INS. AND ANNUITY ASSOC.	A++	AAA	Aaa	AAA
TIAA-CREF LIFE INS. CO.	--- * A++	AAA	Aaa	AAA
TIME INSURANCE COMPANY (SEE FORTIS)	---	---	---	---
TMG LIFE INS.CO.(see Clarica Life Ins. Co.)	---	---	---	---
TRANSAMERICA LIFE INS. & ANNUITY CO.	A+	AAA	Aa3	AA+
TRANSAMERICA LIFE INS. CO. OF NY ( FORMERLY FIRST TRANSAMERICA LIFE)	A+	AAA	---	AA+
TRANSAMERICA OCCIDENTAL LIFE INS. CO.	A+	AAA	Aa3	AA+
TRAVELERS INS. CO.	A++	AA	Aa3	AA
TRAVELERS LIFE & ANNUITY CO.	A++	AA	Aa3	AA
UNION CENTRAL LIFE INS. CO.	A	A+	A3	A+
UNION LABOR LIFE INS. CO.	B++ W ** (12/2001)
BBB	---	---
UNION SECURITY LIFE INS. CO.	A	AA-	---	---
UNITED AMERICAN INS. CO.	A+	AA	---	---
UNITED FAMILY LIFE INS. CO.	A	AA-	---	---
UNITED INVESTORS LIFE INS. CO.	A+	AA	A3	---
UNITED OF OMAHA	A	AA-	Aa3	AA
UNITED PACIFIC LIFE (SEE GE CAPITAL ASR.)	---	---	---	---
UNITED STATES LIFE INS. CO. (NY)	A+	AA+	Aa3	AA+
UNUM LIFE INS. CO. OF AMERICA	A ** (08/2001)
AA-	A2	AA-
USAA LIFE INS. CO.	A++	AAA	Aa1	---
USG ANNUITY & LIFE CO.	A+	AA+	Aa2	AA+
VALLEY FORGE LIFE INS. CO.	A	A+ * (02/2002)	A2	AA-
VARIABLE ANNUITY LIFE INS. CO.	A+	AA+	Aa2	AA+
WEST COAST LIFE INS. CO.	A+	AA	A1	AA
WESTERN & SOUTHERN LIFE INS. CO.	A++	AAA	Aa2	AAA
WESTERN NATIONAL LIFE INS. CO. (See American General Annuity Ins. Co.)	---	---	---	---
WESTERN RESERVE LIFE ASSUR. CO./AEGON	A+	AAA	Aa3	AA+
WESTERN STATES L. I. C. (SEE TMG LIFE)	---	---	---	---
WESTERN-SOUTHERN LIFE ASSUR. CO.	A++	AAA	Aa2	AAA
WILLIAM PENN LIFE INS. CO. OF NY	A++ * (02/2002)	BBB	A2	---
WOODMEN OF THE WORLD	A+	AA	---	---
XEROX FINANCIAL LIFE INS. CO. (SEE COVA FINANCIAL)	---	---	---	---
ZURICH LIFE INSURANCE OF AMERICA	A	A+ * (03/2002)	Aa3	AA

a - Derived from Best's Insurance Reports 2000, Best's Rating Monitor, Best's Insurance Management Reports, and current periodicals.

b - Insurer's Capacity to meet insurance poicy obligations derived from Standard & poor's Insurance rating Service Bulletin and current periodicals.

c - Insurer's financial strength rating derived from Moody's Investors Service Bulletin and current periodicals.

d - Insurer's financial strength derived from Fitch, Inc. Insurance Insights

* Indicates the rating was newly assigned or recently upgraded.

** Indicates the rating was recently downgraded.