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Ability Insurance
A Nebraska life insurer owned by Mount Logan Capital Inc. that began writing annuities directly in 2026 with its ReliAbility multi-year guaranteed annuity.
Financial strength
B+
AM Best
AM Best B+ (Good)
AM Best assigned Ability Insurance Company a B+ (Good) Financial Strength Rating and a bbb- (Good) Long-Term Issuer Credit Rating, with a stable outlook, on July 23, 2026.
Source: AM Best press release, July 23, 2026Incorporated 1967
Incorporated under Nebraska law on October 6, 1967; commenced business on June 10, 1968 as a capital stock life insurance company.
Source: Nebraska Department of Insurance examination report as of December 31, 2022Owned by Mount Logan Capital
A wholly owned subsidiary of Mount Logan Capital Inc. (Nasdaq: MLCI), which acquired the company in 2021.
Source: Mount Logan Capital press release, August 2026Run live numbers on Ability Insurance products
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MYGAs / Fixed Annuities
Selected product: Reliability MYGA
A fixed annuity group for buyers who want a declared guaranteed rate, principal protection, and tax-deferred growth.
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Multi-Year Guaranteed Annuity
Fixed-rate contracts grouped separately from indexed annuities so guaranteed terms are compared on their own terms.
- Fixed-rate contracts grouped separately from indexed annuities
- Check each product page for guaranteed term rates and surrender context
Best for: Savers who want a declared fixed rate for a set period and a direct path to each product review.
This directory is not a statement of current availability. Confirm current rates, state availability, premium bands, and rider terms in the analyzer or on each product page.
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Find your fit
Ability Insurance currently offers one annuity family. Open the live product page for current terms and rates.
Company overview
What Ability Insurance is
Ability Insurance Company is a Nebraska-domiciled life insurer with its statutory home office in Lincoln, Nebraska. Its charter authorizes it to write life and sickness and accident insurance.
Report adopted 2024-10-25 · Nebraska Department of Insurance examination report as of December 31, 2022
Before 2026 the company focused on annuity reinsurance and on running off blocks of long-term care insurance. AM Best describes its move into directly written annuities as a new growth strategy.
2026-07-23 · AM Best press release, July 23, 2026
The company reports that it is licensed in 42 states and the District of Columbia.
2026-08-12 · Mount Logan Capital press release, August 2026
Scale, labeled
Domicile
Nebraska
Statutory home office: 5601 South 59th Street, Lincoln, Nebraska.
Report adopted 2024-10-25 · Nebraska Department of Insurance examination report as of December 31, 2022
Owner
Mount Logan Capital
Wholly owned subsidiary of Mount Logan Capital Inc. (Nasdaq: MLCI).
2026-07-23 · AM Best press release, July 23, 2026
AM Best
B+ (Good)
Financial Strength Rating assigned July 23, 2026, stable outlook.
2026-07-23 · AM Best press release, July 23, 2026
History highlights
Incorporated in Nebraska on October 6, 1967; began business on June 10, 1968.
Incorporated 1967 · Nebraska Department of Insurance examination report as of December 31, 2022
Renamed from Medico Life Insurance Company to Ability Insurance Company on February 10, 2009.
Renamed 2009-02-10 · Nebraska Department of Insurance examination report as of December 31, 2022
Launched its first directly written annuity products, the ReliAbility MYGA suite, on August 12, 2026.
2026-08-12 · Mount Logan Capital press release, August 2026
Ownership
The company was owned by Medico Insurance Company until 2007, when Ability Resources, Inc. bought it. It changed its name from Medico Life Insurance Company to Ability Insurance Company on February 10, 2009. Advantage Capital Holdings, LLC acquired it in February 2013.
Report adopted 2024-10-25 · Nebraska Department of Insurance examination report as of December 31, 2022
Mount Logan Capital Inc. bought the company on October 29, 2021. Mount Logan describes Ability as its wholly owned subsidiary.
Acquired 2021-10-29 · Nebraska Department of Insurance examination report; Mount Logan Capital press release, August 2026
Financial strength
AM Best
B+
Good. Financial Strength Rating with a bbb- (Good) Long-Term Issuer Credit Rating, stable outlook. AM Best called the business profile limited, given that the annuity growth plan is new.
2026-07-23
About Ability Insurance
Ability Insurance Company is a Nebraska life insurer that dates to 1967. Mount Logan Capital Inc. has owned it since 2021.
Report adopted 2024-10-25 · Nebraska Department of Insurance examination report as of December 31, 2022
In 2026 the company moved from annuity reinsurance and long-term care run-off into writing annuities directly, starting with the ReliAbility multi-year guaranteed annuity.
2026-08-12 · AM Best press release, July 23, 2026; Mount Logan Capital press release, August 2026
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Sources
- Ability Insurance Company website — 2026-11-14
- Nebraska Department of Insurance, examination report of Ability Insurance Company as of December 31, 2022 (adopted October 25, 2024) — 2024-10-25
- AM Best, "AM Best Assigns Credit Ratings to Ability Insurance Company" — 2026-07-23
- Mount Logan Capital Inc. press release on the ReliAbility MYGA launch — 2026-08-12
- Live product data (ReliAbility MYGA): CANNEX Financial Exchanges via AdvisorWorld — Rendered live
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