Pennsylvania Life & Health Insurance Guaranty Association 290 King of Prussia Road / Radnor, PA 19087 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      Are all policies fully protected? Not always. If your insurance company fails, the maximum amount of protection provided by the Pennsylvania guaranty association for each type of policy, no matter how many of that type of policy you bought from your company, is: Life Insurance Death Benefit: $300,000 per insured life Life Insurance Cash Surrender: $100,000 per insured life Health Insurance Claims: $300,000 per insured life Annuity Benefits as of Date of Insolvency: $300,000 if contract has been annuitized $100,000 if contract is in deferred status Under no circumstances can the statutory obligation of the Guaranty Association exceed the contractual obligation of the insolvent insurer. There is an overall lifetime maximum per individual of $300,000.   NOTE: This information is not intended as legal advice, and no liability is assumed in connection with its use. The applicable state guaranty association statute is the controlling authority, regardless of any information presented on this site. Users should seek advice from a qualified attorney and should not rely on this compilation when considering any questions relating to guaranty association coverage.   [ Back to FAQ list ]