Legislation governing the winding-up of life companies in Ireland means that the insurer cannot use assets that have been set aside to meet liabilities to policyholders to pay the company’s creditors.In simple terms, the insurance company has to pay the policyholders first.Hopefully, that puts your mind at ease.Click to read the full article on policyholder protection.Now you know your premiums are safe – check if you’re paying too much by getting a life insurance quote.