PHL Variable prepares for liquidation amid buyer search


Under the proposed liquidation framework, approximately 70% of policyholders are expected to be fully protected through state guaranty associations, with benefits continuing to be paid in the ordinary course. However, policyholders with benefits exceeding guaranty caps may face reductions, making the pursuit of a third-party transaction a key priority for regulators.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *