Connecticut Life and Health Insurance Guaranty Association PO Box 600 / Manchester, CT 06045-0600 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 Connecticut guaranty association for each type of policy issued by the same company, no matter how many of that type of policy you bought from that company, is: Life Insurance Death Benefit: $500,000 per insured life Life Insurance Cash Surrender: $500,000 per insured life Health Insurance Claims: $500,000 per insured life Annuity Benefits (Present Value): $500,000 per contract owner In no event, however, will the guaranty association be liable for more than $500,000 in the aggregate for any one insured life for all policies issued by an insolvent insurance company on that life.   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 ]