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

StateMax liability for present value of an annuity contractMax death benefit with respect to any one lifeMax liability for cash or withdrawal value of life insurance policyMax aggregate benefits for all lines of insuranceState Guaranty Association Phone Numbers
Alabama$250,000 $300,000  $100,000 $300,000 205.879.2202
Alaska$250,000 $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
California80% not to exceed $250,00080% not to exceed $300,00080% not to exceed $100,00080% not to exceed $300,000323.782.0182
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$250,000 $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$250,000 $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$250,000 $300,000 $100,000 $300,000 601.981.0755
Missouri$250,000 $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 $300,000 775.329.6171
New Hampshire$250,000 $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$250,000 $300,000 $100,000 $500,000 303.292.5022

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.

Compliance statement:

The information, data, and opinions contained herein this communication are provided solely for informational purposes only. They are not warranted to be correct, complete, or accurate. To the extent permitted by law, Caitlin John does not accept any liability arising from the use of this communication. You should not assume that any information, data, or opinions contained herein serves as the receipt of, or a substitute for, personalized investment advice from Caitlin John or from any other investment professional. Past performance is not an indication of future results and actual results may vary. Investing carriers an inherent element of risk, including the risk of losing invested principal.