No. of Recommendations: 1
Has anyone heard of these things going sour?

Insurance companies are strictly regulated at the state level for exactly that reason. Their financial stability is rated by AM Best. As part of your due diligence you will want to look into the AM Best rating of the company you deal with.

(Sometimes the product is rebranded with the result that an AM Best rated company stands behind the policy even if the brand name on yours is not listed.)

So far the industry has always been able to rescue failing insurance companies. Many worried back in the days of the collapse of junk bonds, and you have to wonder about major bubbles in the future, but so far so good.
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