Is My Life Insurance Safe?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance companies are highly regulated by the states in which they do business. Historically, life insurance companies have been very safe and very reliable for paying claims. There are also life insurance state pools that provide a safety net if a life insurance company would default on its contracts. Typically, if a life insurance company struggles, it is bought by another company and all the policy contractual agreements are honored by the new company.
    Answered on October 9, 2013
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