Date: Tue, 30 Nov 2004 09:05:16 CST
From: kevwalsh@gmail.com (kevwalsh)
Newsgroups: misc.invest.financial-plan
Subject: Re: How risky is a life insurance company?
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	Lt97x2X8XZ2MczsUD4Yn5gI35L06bmB23YqoNRgBJ/YQj7uHXlgPLg==
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"Cal Lester"  wrote:
> On the other hand, maybe I should switch
> > while I am young and healthy, and before I am diagnosed with (say) a
> > genetic predisposition to bad stuff.
> 
> There is no aparrent reason for you to do this. The premiums listed IN
> the contract will remain in force for the life of THAT contract.

I am not sure what you mean by this bit. My worry here was that, due
to insurance company bankruptcy, I might find myself in 5 or 10 years
looking for a few more years worth of term insurance, and I might not
be as healthy then as now. Instead, I could just pre-emptively get a
new 15 or 20 year policy NOW and cheap, since I am currently healthy.

All this isn't a concern, though, if the state would step in to
protect existing policies even in the case of bankruptcy. And
Transamerica (and formerly AUSA, but now merged, apparently), which,
as everyone has pointed out, is not likely to go broke any time soon.


-Kevin