Is Shenandoah Life currently paying all of its claims?
No. At this time, the Deputy Receiver has imposed certain moratoriums upon policy loans (other than automatic loans), payment of cash or surrender values, surrenders, fund transfers, cash-outs, and similar payments and certain contract changes or conversions pending further orders. The moratorium may be adjusted as and when the Deputy Receiver and/or the State Corporation Commission find that the circumstances are appropriate. Is Shenandoah Life paying all of its other claims? Answer: Yes, the moratorium does not affect death, accident and health claims, or periodic annuity payments until further notice. Plus—and this really worries me—there is no guarantee that current Shenandoah annuity holders will continue to receive their regular payments (although they do for now). Will I continue receiving periodic monthly principal payments under my annuity? Answer: Yes. At this time such payments will continue. However, changing circumstances may require that such payments be suspended in the
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