We just found out today that Monumental Ins. Co. now has the policies of Empire Life Ins. that was in Indianapolis, In. I to had to find them on an old policy that my mother in law had who just passed away.I called the Independent Ins. Agents of In.and their number is 317-824-3780 and got the info I needed on Empire.The number to Monumental is 1-800-638-3080. I hope this is some help to you.
No. The only thing that matters is when you apply for life insurance is to tell them. There are limits on how much insurance you can get based on income and needs.
Does the trust have assets in it?
The customer has beome more aware and intelligent today than his yesteryear counterpart. The role of the salesman has changed to that of a consultant. Case in point the private insurance players who provide the prospect with the product profile suiting his budget, returns expected etc. They do this to aim at long term customer relations rather than short term selling (a thing of the past today)
A Corporation in bankruptcy is really operating under the control of the Court and obstensibly...the creditors committee. The shareholders (or management) can still do many things, but really only with the consent of the others.
Can the company take over, buy, merge with, etc another - sure. Change name - sure - it is frequently part of the re-org plan if especially if the factors leading to the BK gave it a bad one.
Financial restructures and corporate mergers and dissolutions are frequently part of what needs to be done to get the company operating again. The shareholders, generally, lose all their value too....thats what happens if your asking any creditor to take less than they are owed..they get to take your ownership interest...or you have to pay them in full. which once again means restructure and do things that lessens the value of your ownership...otherwise there is no reason to be in bankruptcy.
Your question itself shows you may not understand the SHAREHOLDERS are the corporation (they aren't creditors, they are actually the debtors) ...they can't take it over from themselves...the bankruptcy is protecting the corp and them from the creditors....generally, if there was a way to refinance and pay the creditors without giving up their ownership...that would be done without the BK.