What Happens When Insurance Companies Fail?

We just watched two big banks fail - Silicon Valley Bank (SVB) and Signature. Bank failures happen quite frequently, but the failure of SVB and Signature heralded the largest bank failures since 2007-08.

With the failure of these banks, one may wonder how safe life insurance companies are. What happens when an insurance company goes broke like AIG did in 2008? Find out on Wealth Talks.