Which Companies will be around in the future ? who knows?
Posted in Whole Life Insurance over 3 years ago, 2 replies
submitted by Free willy in Indianapolis, IN
The Northwestern Mutual
submitted by bobbydigital in pittsburgh, pa
@ February 04, 2009 - 04:04 PM
Reply
I don't understand the question.
If the insurance companies that were formed in the 1800's made it through World Wars 1 and 2, the great depression inbetween, Black Monday of the 1980's, and everything in-between.......why wouldn't they make it past yours and mine lifetime?
A company like GM is the exception, not the rule.
I am a Guardian Field Representative. We are extremely conservative. Supposing everyone who owns a Guardian policy were to die simultaneously, Guardian would still be 4.6 billion to the good.
Obviously, not GM.
Now that I think about it, I may understand your question a little better.
When an insurance company starts to fail, it falls into receivership by its state insurance commission.
Under those terms, the state will make decisions for the company that make CERTAIN the policyowners' claims get paid, regardless of what that does to the company itself.
If the insurance companies that were formed in the 1800's made it through World Wars 1 and 2, the great depression inbetween, Black Monday of the 1980's, and everything in-between.......why wouldn't they make it past yours and mine lifetime?
A company like GM is the exception, not the rule.
I am a Guardian Field Representative. We are extremely conservative. Supposing everyone who owns a Guardian policy were to die simultaneously, Guardian would still be 4.6 billion to the good.
Obviously, not GM.
Now that I think about it, I may understand your question a little better.
When an insurance company starts to fail, it falls into receivership by its state insurance commission.
Under those terms, the state will make decisions for the company that make CERTAIN the policyowners' claims get paid, regardless of what that does to the company itself.
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