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Will the long term care insurance policyholders don't get screwed out of their policies if GE goes bankrupt?
by ummonk 7y ago
Will the long term care insurance policyholders don't get screwed out of their policies if GE goes bankrupt?
- drewnick 7y agoEach state has a Guaranty Association that provides up to several hundred thousand dollars per policy for failed insurance companies. We've seen this story before with Penn Treaty which was liquidated in 2017. In California it's $560k. https://www.califega.org/ https://www.califega.org/