Tag: "Insurance Company"
What If My Insurance Company Goes Bankrupt?
Readers QuestionL “What if your insurance company does bankrupt?” Llance of Conroe, Texas. Answer to Readers Question: You should search Florida Department of Insurance Statutes for Guaranty Fund and Insolvency for this information because you need to name the insurance company. I cannot determine the amount of guaranteed coverage and therefore I recommend you call [...]
Can The IRS Seize Life Insurance Benefits?
Readers Question: Eric lives in Bryan, Texas and his question is: Can the IRS seize life insurance benefits? Answer to Readers Question: Yes, the IRS can size any life insurance benefits if you owe back taxes and are going to receive a life insurance benefit settlement. The insurance company cannot be forced to make a [...]
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