Most states have guaranty funds to help pay the claims of financially impaired insurance companies. State laws specify the lines of insurance covered by these funds and the dollar limits payable. Coverage is usually for individual policyholders and their beneficiaries and not for values held in unallocated group contracts. Most states also restrict insurance agents and companies from advertising the funds’ availability.
There are many issues, too numerous to describe here, which determine the type and extent of coverage available. You are advised to consult your state insurance department for details about any policy you consider purchasing. Another source of information is the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA, 13873 Park Center Road, Suite 329, Herndon, VA 22071). http://www.nolhga.com/stateinformation/main.cfm
Liability Limits
To visit a particular state insurance
department's web site, click on the links provided in the table
below.
State |
Max. aggregate benefits for all lines of insurance |
Max. death benefit with respect to any one life |
Max. liability for cash or withdrawal value of life insurance policy |
Max. liability for present value of an annuity contract |
State Guaranty Association Phone Numbers |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(205) 879-2202 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(907) 243-2311 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(602) 364-3863 | |
|
$300,000 |
$300,000 |
$300,000 |
$300,000 |
(501) 378-2961 | |
|
80% not to exceed $250,000 |
80% not to exceed $250,000 |
80% not to exceed $100,000 |
80% not to exceed $100,000 |
(323) 782-0182 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(303) 292-5022 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(860) 529-3495 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(302) 456-3656 | |
|
$300,000 |
$300,000 |
$100,000 |
$300,000 |
(202) 434-8771 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(904) 398-3644 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(770) 621-9835 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(808) 528-5400 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(208) 378-9510 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(773) 714-8050 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(317) 636-8204 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(515) 283-3163 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(785) 271-1199 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(502) 895-5915 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(225) 381-0656 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(207) 633-1090 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(410) 998-3907 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(413) 744-8483 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(517) 372-3863 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(651) 407-3149 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(601) 981-0755 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(573) 634-8455 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(262) 965-5761 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(402) 474-6900 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(775) 329-8387 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(603) 226-9114 | |
|
$500,000 |
$500,000 |
$100,000 |
$100,000 |
(973) 623-3989 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(505) 237-9397 | |
|
$500,000 |
$500,000 |
$500,000 |
$500,000 |
(212) 909-6813 | |
|
$300,000 |
$300,000 |
$300,000 |
$300,000 |
(919) 833-6838 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(701) 235-4108 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(614) 442-6601 | |
|
$300,000 |
$300,000 |
$100,000 |
$300,000 |
(405) 272-9221 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(503) 588-1974 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(610) 975-0572 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(787) 765-2095 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(401) 273-2921 | |
|
$300,000 |
$300,000 |
$300,000 |
$300,000 |
(803) 536-9874 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(605) 336-0177 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(615) 242-8758 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(512) 476-5101 | |
|
$500,000 |
$500,000 |
$200,000 |
$200,000 |
(801) 572-1218 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(802) 244-8540 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(804) 282-2240 | |
|
$500,000 |
$500,000 |
$500,000 |
$500,000 |
(425) 562-3128 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(304) 733-6904 | |
|
$300,000 |
$300,000 |
$300,000 |
$300,000 |
(608) 242-9473 | |
|
$300,000 |
$300,000 |
$100,000 |
$100,000 |
(303) 292-5022 | |
| Disclaimer: AnnuityAdvantage.com is not to be held responsible for the accuracy of this information. You are advised to call your state insurance department prior to purchasing any annuity contract. | |||||