|
|
|
|
|
|
|
Minnesota Life & Health Insurance Guaranty Association
|
|
4760 White Bear Parkway / Suite 101 / White Bear Lake, MN 55110 |
|
|
|
|
|
|
|
|
Frequently Asked Questions  |
| |
My spouse and I are joint owners of a fixed annuity contract with a cash surrender value of $300,000 (for example)--how does the $250,000 limit apply to us?
If there are joint owners of an annuity contract, each owner would be covered up to the maximum of $250,000 each. Other limitations, such as interest earnings when compared to the statutory interest rate, may also apply. |
| |
| 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 ] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
