This complete assessment of a family's financial needs will help determine the
correct life insurance provider, type of
insurance (term
life, whole
life, or a combination of both),
death benefit amount, and the amount of monthly premium the insured can afford to maintain the policy.
Hello Liz, You are
correct, as a California resident policy holder, in the very remote case of liquidation of Genworth, the California Health &
Life Insurance Guarantee Association would pay as follows: Life insurance death benefit protection: 80 % of the policy death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions wi
Insurance Guarantee Association would pay as follows:
Life insurance death benefit protection: 80 % of the policy death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions wi
insurance death benefit protection: 80 % of the policy
death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions will occur.
So, if you're noticing that I'm analyzing the Roth IRA and whole
life insurance together, you're
correct and I'm doing so because a whole
life insurance policy operates like a Roth IRA but with greater flexibility as well as a
death benefit.