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	<title>New answer on: What Life Insurance Companies Have Failed?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-life-insurance-companies-have-failed</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 24 Mar 2014 16:48:04 +0000</pubDate>

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		<description><![CDATA[Insurance companies are regulated by individual states.  States provide guarantee associations which keep coverage in force as long as premiums are paid or there is cash value.  This is often accomplished by transferring policies to another insurance company.  The policy terms could allow that the policy be terminated.  If this is happening to you right now, continue making premium payments to keep coverage in force. ]]></description>

		

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		<title>By: Tim Wilhoit</title>

		<link>https://insurancelibrary.com/life-insurance/what-life-insurance-companies-have-failed</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Sat, 22 Mar 2014 16:42:19 +0000</pubDate>

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		<description><![CDATA[I could not personally answer every life insurance company that has failed recently. However, I can tell you that roughly 80 life insurance companies have failed in the last 40 years, so not all that often. When a life insurance company fails it goes into receivership versus bankruptcy. This process is handled by the courts that take the companies remaining assets to pay claims on a percentage basis to policy holders. Next to be paid would be creditors of the business on a percentage basis. Last to be paid would be the agency and agents themselves. Usually at this point the funds have all been dispersed and if the agents were advanced commissions, they too would repay the company by court order.]]></description>

		

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