Minnesota Life & Health Insurance Guaranty Association 4760 White Bear Parkway / Suite 101 / White Bear Lake, MN 55110 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      Coverage limits, and are all covered policies fully protected? Not always. If your insurance company fails, the maximum amount of protection provided by the Minnesota 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: $500,000. per insured life Life Insurance Net Cash Surrender: $130,000. per contract owner Health Insurance Claims: $500,000 per insured life Fixed Annuity Net Cash Surrender Value: $250,000 per contract owner Structured Settlement Annuities and Fixed Annuities with a period certain benefit of at least ten years to life: $410,000 in present value per annuitant Unallocated Group Annuities: subject to a maximum amount per covered plan--$250,000 per individual resident participant These dollar amounts are effective for a rehabilitation or insolvency that occurs after May 8, 2009.   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 ]