5 Annuity Companies To Avoid

2. Genworth Life Insurance Company of New York

AM Best Rating: C++

Comdex Score: 31

Genworth Life Insurance Company of New York is based in New York and was founded in 1988.

A.M. Best and Moody’s have ratings of C++ and Caa1 (Very Poor) on Genworth Life Insurance Company of New York. The company is a subsidiary of Genworth Life Insurance Company and has $6.9 billion in assets. Its liabilities amount to $6.7 billion, making its assets-to-liability ratio stand at 103.14%.