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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (764080)	6/19/2022 10:23:46 PM
From: Shoot1st	Read Replies (1) \| Respond to of 794308

In the old days when most major life companies were Mutual....owned by the policy holders.....they didn't bankrupt, they were assumed by other companies if they had financial issues. They didn't issue stock and were not valued by anything other than real estate and bonds. Things changed. Demutualization. Bankruptcies. But, they will never not pay a claim. Re-insurance guards against that. The risk is spread so thin that no one company can take the kind of hit that would cripple it. The stock companies might lose their asses due to piss poor management decisions but the policy holder will get the check. And, if it ever get to where death benefits become a questionable payout.......we will all be searching for the last few grains of rice... Shootie