Has your annuity been reinsured in the Cayman Islands? Here’s why it matters
July 29, 2026 by Thomas Leonardi
What happens when a foundational promise of the retirement security system is broken? The collapse of PHL Variable Life Insurance Co. is a stark, unsettling answer. For policyholders depending on guaranteed retirement income, it is a cautionary tale about what can go wrong when an insurer loses its financial footing — and when the system designed to catch it looks the other way.
Originally Posted at InsuranceNewsNet on Jul 24, 2026 by Thomas Leonardi.
Categories: Industry Articles
