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North Carolina Life & Health Insurance Guaranty Association
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PO Box 10218 / Raleigh, NC 27605-0218 |
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Frequently Asked Questions  |
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Are all policies fully protected?
Not always. If your insurance company fails, the maximum amount of protection provided by the North Carolina guaranty association for each individual is $300,000 no matter how many policies you bought from your company. The maximum coverage for an unallocated annuity is $5,000,000 per contract owner. The Guaranty Association will not cover the portion for which you, the policyholder, are at risk if you have a variable life or variable annuity contract. |
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| 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. |
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