Delaware Life & Health Insurance Guaranty Association 220 Continental Drive, Suite 309 / Newark, DE 19713 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      What happens when my insurance company goes out of business? In most cases, the guaranty association will continue life insurance and annuity contracts, up to the statutory limits as long as premiums are paid or cash value exists. It may do this directly, or, most often, it may transfer the policy to another insurance company. In any case, policyholders should continue making premium payments to keep their coverage in force. Continuation of health insurance will depend upon the terms of your existing health insurance policy.   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 ]