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My Life Insurance Company Goes Out of Business? A common and legitimate question a consumer may ask when shopping for life insurance is, “What if the company goes out of business or is unable to pay a claim?” The good news for consumers is that the life insurance industry is heavily regulated and monitored. Thus, large scale life insurance companies’ insolvencies have become rare.  Also, if you chose a highly rated insurer by an independent rating agency such as AM Best or Standard & Poor’s, then the odds of misfortune go down even further.  As a measure of security, each […]