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If a Life Insurance company goes out of business what happens to the loan you have with them?
Wiki User
∙ 12y ago
Life insurance companies never go out of business. They are merged, purchased, or absorbed by another insurance company who then owned their assets and liaiblities. Any loan you have on a life insurance policy is going to be less than the cash value of the insurance policy so the value is going to exceed the amount you owe. You will want to find the new insurance company who now is responsible for your policy.
Wiki User
∙ 12y ago
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Victory life insurance going by now?
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What are the benefits of doing business with the Hartford Life Insurance Company?
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Who is the oldest mutual life insurance company that is still doing business?
MassMutual
