How Safe Is My Money with a
Life Insurance Company vs. a Bank?

by | May 24, 2021

Many times we are asked, “Is my money safe with an insurance company?”  It’s a legitimate question.  After all, you are entrusting your money to an insurance company for 10, 20, 30 years or more, and even when you die, you’re counting on the insurance company to pay the benefits they promised you to your beneficiaries. 

The fact is, that insurance companies are highly regulated and they are some of the biggest and oldest financial institutions in the world.  There are, of course, some companies that are more solid than others.  That said, every insurance company is rated by several independent agencies who provide all the information you will need to know about their financial stability.

To learn more about the safety of insurance companies, click on the link below to watch a short video that does a great job addressing this issue.

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