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Life & Health Guaranty Associations

Every state has a Guaranty Association 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. The details presented below are intended to be used for general information purposes only.

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/factsandfigures/main.cfm/location/stateinfo

Slide table columns for more info:

State Max liability for present value of an annuity contract Max death benefit with respect to any one life Max liability for cash or withdrawal value of life insurance policy Max aggregate benefits for all lines of insurance State Guaranty Association Phone Numbers

Alabama

$250,000

$300,000  

$100,000

$300,000

205.879.2202

Alaska

$100,000

$300,000

$100,000

$300,000

907.243.2311

Arizona

$250,000

$300,000

$100,000

$300,000

602.364.3863

Arkansas

$300,000

$300,000

$300,000

$300,000

501.375.9151

California

80% not to exceed $250,000

80% not to exceed $300,000

80% not to exceed $100,000

80% not to exceed $300,000

323.782.0182

Colorado

$250,000

$300,000

$100,000

$300,000

303.292.5022

Connecticut

$500,000

$500,000

$500,000

$500,000

844.425.4442

Delaware

$250,000

$300,000

$100,000

$300,000

302.456.3656

Dist. of Col.

$300,000

$300,000

$100,000

$300,000

202.434.8771

Florida

$250,000

$300,000

$100,000

$300,000

904.398.3644

Georgia

$250,000

$300,000

$100,000

$300,000

770.621.9835

Hawaii

$100,000

$300,000

$100,000

$300,000

808.528.5400

Idaho

$250,000

$300,000

$100,000

$300,000

208.378.9510

Illinois

$250,000

$300,000

$100,000

$300,000

773.714.8050

Indiana

$100,000

$300,000

$100,000

$300,000

317.636.8204

Iowa

$250,000

$300,000

$100,000

$300,000

515.248.5712

Kansas

$250,000

$300,000

$100,000

$300,000

785.271.1199

Kentucky

$250,000

$300,000

$100,000

$300,000

502.895.5915

Louisiana

$250,000

$300,000

$100,000

$500,000

225.381.0656

Maine

$250,000

$300,000

$100,000

$300,000

207.633.1090

Maryland

$250,000

$300,000

$100,000

$300,000

410.998.3907

Massachusetts

$250,000

$300,000

$100,000

$300,000

413.744.8483

Michigan

$250,000

$300,000

$100,000

$300,000

517.339.1755

Minnesota

$250,000

$500,000

$130,000

$500,000

651.407.3149

Mississippi

$100,000

$300,000

$100,000

$300,000

601.981.0755

Missouri

$100,000

$300,000

$100,000

$300,000

573.634.8455

Montana

$250,000

$300,000

$100,000

$300,000

262.965.5761

Nebraska

$250,000

$300,000

$100,000

$300,000

402.474.6900

Nevada

$250,000

$300,000

$100,000

$300,000

775.329.8387

New Hampshire

$100,000

$300,000

$100,000

$300,000

603.472.3734

New Jersey

$100,000

$500,000

$100,000

$500,000

732.345.5200

New Mexico

$250,000

$300,000

$100,000

$300,000

505.820.7355

New York

$500,000

$500,000

$500,000

$500,000

212.202.4243

No. Carolina

$300,000

$300,000

$300,000

$300,000

919.833.6838

North Dakota

$250,000

$300,000

$100,000

$300,000

701.235.4108

Ohio

$250,000

$300,000

$100,000

$300,000

614.442.6601

Oklahoma

$300,000

$300,000

$100,000

$300,000

405.272.9221

Pennsylvania

$100,000

$300,000

$100,000

$300,000

610.975.0572

Puerto Rico

$100,000

$300,000

$100,000

$300,000

787.765.2095

Rhode Island

$250,000

$300,000

$100,000

$300,000

401.273.2921

So. Carolina

$300,000

$300,000

$300,000

$300,000

803.276.0271

South Dakota

$250,000

$300,000

$100,000

$300,000

605.336.0177

Tennessee

$250,000

$300,000

$100,000

$300,000

615.242.8758

Texas

$250,000

$300,000

$100,000

$300,000

512.476.5101

Utah

$200,000

$500,000

$200,000

$500,000

801.572.5067

Vermont

$250,000

$300,000

$100,000

$300,000

802.249.0284

Virginia

$250,000

$300,000

$100,000

$350,000

804.282.2240

Washington

$500,000

$500,000

$500,000

$500,000

360.426.6744

West Virginia

$250,000

$300,000

$100,000

$300,000

304.733.6904

Wisconsin

$300,000

$300,000

$300,000

$300,000

608.242.9473

Wyoming

$100,000

$300,000

$100,000

$300,000

303.292.5022

Disclaimer: Provided for informational purposes only and not for the purpose of sales, solicitation or inducement to purchase any annuity product. AnnuityAdvantage is not responsible for the accuracy of this information. If you wish to confirm these coverages prior to making an annuity purchase, please call your state insurance department.