Exactly. It’s not the business of the government to be paying out private insurance except possibly in the case of natural disasters.
I just recently bought a sizable term life policy from a company that has been around for a long time and is very well capitalized. If they somehow go down then I need to find a new insurance company. There’s no reason outside of Soc. Security that my family should be getting paid out because I bought insurance from a defunct company.
