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A.M. Best Upgrades Ratings of New Era Life Insurance Company and Its Subsidiaries Thursday, May 11, 2017

OLDWICK, N.J., May 11, 2017 (BUSINESS WIRE) -- A.M. Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” from “bbb-” of New Era Life Insurance Company and its wholly owned life insurance subsidiaries, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company , together known as the New Era Group . All companies are domiciled in Houston, TX. The outlook of these Credit Ratings (ratings) has been revised to stable from positive.