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Shenadoah Life going out of Business?

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Posted: Sun Feb 15, 2009 7:28 pm   Post subject: Shenadoah Life going out of Business?   I saw on the news where Shenadoah Life is going out of business and the Ins Dept has taken control of them. I read a big long website the scared me to death, telling me that I can't touch my money. Can anyone tells us more? _________________ Register Now to have your Insurance queries solved.	Concern client Guest
Posted: Sun Feb 15, 2009 8:00 pm   Post subject:    Click shenlife.com/home/wcm/connect/shenlife+public+site/Shenandoah+Life/ for more information. Typically, when these things happen the state will take control of the company and attempt rehabilitation. If that fails they'll sell the company to a healthy insurer and all policyowners will be safe and sound. _________________ Gary Spicuzza, *SAFE Copyright 1956. No Rights Reserved. *Self Appointed Financial Expert	GarySpicuzza Forum Expert Joined: 03 Apr 2008 Posts: 959 Location: West Pasco County, FL 242.78 Dollars($)
Posted: Tue Mar 10, 2009 8:59 pm   Post subject:    there is also something called the state garuantee fund that should make sure everyone gets paid that should. Typcially insurance companies have large reserves for every dollar insured so I wouldnt worry to much. You should get what your entittled to it may just take awhile.	wwwsimplyinsuremecom New member Joined: 10 Mar 2009 Posts: 14 7.32 Dollars($)
Posted: Wed Mar 11, 2009 3:36 am   Post subject:    One of my clients showed me a letter today from a small insurance company that went under. He had a term policy with them and the letter had a questionnaire with it that asked if he believed that he deserved some or all of his money back. WHAT CLIENT WOULD SAY NO, KEEP IT??	ChrisBantly Senior member Joined: 11 Mar 2009 Posts: 381 Location: Upstate SC 0.53 Dollars($)
Posted: Fri Mar 20, 2009 3:06 pm   Post subject:    My goodness, would it even MATTER? Why in the world would they do that? You know most of everyone will say yes! I wonder what thier intentions on sending that letter was? _________________ Protect your family and assests with quality term life insurance.	Domcha New member Joined: 06 Mar 2009 Posts: 18 Location: South U.S.A 8.35 Dollars($)
Posted: Thu Jun 04, 2009 11:24 pm   Post subject: SHENADOAH   Shenadoah was going through a receivership and I got that information from the horses mouth.	todayinsurance New member Joined: 04 Jun 2009 Posts: 11 4.47 Dollars($)
Posted: Fri Jun 05, 2009 9:23 am   Post subject:    Hi Domcha, Quote: I wonder what thier intentions on sending that letter was? Well it could be a legal obligation..but what if it was a survey aimed to judge the support of the current policy owners? Steven	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.66 Dollars($)
Posted: Fri Jun 05, 2009 9:35 am   Post subject:    Hi todayinsurance, Quote: Shenadoah was going through a receivership and I got that information from the horses mouth. How long ago did that happen? Steven	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.66 Dollars($)

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