What Happens When Your Life Insurer Kicks The Bucket?

What Happens When Your Life Insurer Kicks The Bucket?

Life insurance polices are backed by state guarantee associations, but the coverage offered varies drastically from state to state. Some products, like variable annuities, can be recovered in full because of the way they’re structured, but if you have term life insurance or a universal policy, you should know the limitations of your state’s coverage…