Should I Worry About The Company’s Financial Soundness?
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UPDATED: Jul 16, 2021
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Yes. There have been a few failures by life insurance companies in recent years. The percentage of companies that have failed is very small and most of the customers have eventually received what they were entitled to. But the delay, the worry, and the inconvenience to policyholders of companies that fail can be substantial. So you should only deal with financially strong companies.