All Life Insurance Tips

Does anyone know anything about Life Insurance?

I heard on the news that some life insurances might be in trouble..especially if they dealt with AIG. I have life insurance with AARP...Please tell me if I am in danger of losing it....What is the matter with people...Why are they so evil and greedy??? How would I find out if my Life Insurance si still good??

Public Comments

1. Now in India the total insurance field is controlled by the IRDA. The insurance regulation and development authority. Instated of asking the answers from some other you should visit to the IRDA web site and see your self the position of the company were you took policy.
2. You're not in danger of losing any policy. The ones through AIG are fine. AIG's holding company was in trouble, AIG Life (which is a subdivision) is still doing fine and profitable. Think of it like a record label. If the record label goes bankrupt, that doesn't mean the bands under that record label will be bankrupt too, they just move on to another label. If AIG's holding company goes bankrupt, AIG Life will just get sold to another company and there won't be any changes. And even if there are, in Canada at least there is a thing called Assuris, which insures insurance companies to protect the clients. IF an insurance company goes bankrupt Assuris gaurantees policies and such.
3. First of all a little background: AARP is an association, not an insurance company. The members of AARP can purchase insurance from certain companies such as The Hartford, sometimes at a discounted rate. Look at your insurance policy to determine what insurance company issued the policy. After you know the name of the company, contact your state Insurance Department to check out the company. If there are concerns about the company's liquidity, the Insurance Department should have that information.