Can a Life Insurance Company Declare Bankruptcy?

Can a Life Insurance Company Declare Bankruptcy?

In the early 1980s, the worry of a life insurance company going bankrupt or insolvent was a rarity, which quickly changed during the 1990s when some well-known insurance companies were placed into receivership. In fact, insurance companies cannot declare bankruptcy; instead, they are placed into insolvency receivership or liquidation by the state’s insurance department.

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How Personal Bankruptcy Can Affect Life Insurance Policies

How Personal Bankruptcy Can Affect Life Insurance Policies

Filing for bankruptcy is usually person’s worst nightmare, but when it comes to protecting your assets (including the value of your), information is key.

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