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What happens when a life insurer fails? Unlike banks, insurance companies are regulated at the state level -- not the federal level. A state guarantee association is the last line of defense in the event of a failure.

Unfortunately, state guarantee associations often mean that policyholders are left waiting and wondering if and when they'll get their money back. There often isn't even a clear-cut timeline about anything, according to Clark.

 

Submitted: Mar 10, 2009    Views: 81    Comments: 0    Likes: 2   


View Article: http://clarkhoward.com/liveweb/shownotes/2009/03/10/15289/


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