While reserching on the policies (both term plan and health insurance) – i noticed that most of them have the coverage per year basis (some term plans long term coverage for single payment) – but below questions come to my mind.

These can silly questions or questions for which answer are obvious – may be I’m missing, but i still want to ask

– lets say, i buy a term plan (and health plan)  from ABC company upto 65 years of my age (which is like close to 4 decades years from now) and I depend on these policies for coverage both life and health wise. In some 20 years, what if the company crashes down suddenly or they have to close the business –  and hence my coverages will vanish… what is solution for this?

– if i go some other company whan I’m 50 or something premium will cost of bomb for me!!! then, how is that we beleive that these companies will continue to operate and pay claims (if any)?

Thanks