Life Insurance: What Happens If A Company Goes Bankrupt?
Posted October 21, 2009 – 4:19 am in: structured settlements FAQI currently have life insurance with AIG and this company almost went to bankrupt I believe? In general, what happens to people’s life insurance money if the insurance company that holds the insurances go bankrupt?
4 Comments | Tags: Bankrupt, Company, Goes, Happens, Insurance, Life, WhatIf A Life Insurance Company Goes Bankrupt, What Happens To Whole Life Insurance Benefits?
Posted April 25, 2009 – 11:11 pm in: structured settlements FAQMy Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable?
I also think it’s strange that he had to pay $700 [...]
