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Whole Life Insurance - Click HERE for Original Thread
SaggyBrew
If the company holding my whole life policy goes under, financially.
Would I still be able to cancel the policy, and aquire cash my account built?
The_Lizard
It should be spelled out in the contract. Or it may depend on the bankruptcy filing by the company.
SaggyBrew
nothing in our policy concerning them going under.
Goverment bails them out, don't think they'll reinburst me.
The_Lizard
Don't look for terms like "go under" because they would never speak so plainly. It has to be encoded. It might even be hidden in plain sight; there could be some heading like "Solvency is just one of many exciting possible outcomes!"

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