Aurora Life Insurance Company Bankruptcy. Aurora national life assurance company operates as an insurance company. But the insurance industry has a stellar reputation for financial responsibility.
The second is if you’re the beneficiary under a life insurance policy and the insured dies within a certain time before or after you file bankruptcy. If the very worst happens, and your insurance company files for bankruptcy, you will receive notification telling you what they plan to do to settle their debts. Guaranteed coverage amounts typically vary from $100,000 to $500,000 in benefits.