if the economy crashes, will life insurance policies be worth anything?

Answer 1

Nothing has ever happened to life insurance, why the concern now?

Answer 2

The cash value in a depression goes to the Guaranteed value which means you will have nothing.   But that has not happened in 100 years.   The death benefit is insured by reserves the company is forced to put aside.   The government forces insurance companies to keep a reserve for death benefits just in case of a depression.

Answer 3

If your insurance company cannot pay its claims, then I agree.  However, life insurance companies are carefully managed and regulated to avoid this.

Answer 4

Any insurance company that manages it's float properly and doesn't under charge will have no problem paying out its obligations. 

Answer 5

That depends a great deal on if your life insurance policy survives! a lot of people had insurance back in the days of the great depression their stocks and their insurance got used as wallpaper! Souvenirs of the great depression. 

Answer 6

Many life insurance policies have zero cash value 365/24/7.    Many people buy life insurance for the purpose of being insured, not as a type of financial asset.