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      Are all policies fully protected? Not always. If your insurance company fails, the maximum amount of protection provided by the Delaware 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 - $300,000 per insured life Life Insurance Cash Surrender - $100,000 per insured life Health Insurance Claims - $500,000 for basic hospital, medical or surgical (per insured life) insurance or major medical insurance - $300,000 for disability insurance and long term care insurance - $100,000 for health insurance coverages not defined as disability insurance, long term care insurance, basic hospital, medical or surgical insurance or major medical insurance. Annuity Benefits (Present Value) - $250,000 per contract owner Unallocated Group Annuity Benefits - $1,000,000 per contract owner Please see the Delaware Life and Health Insurance Guaranty Association Act (a link to the Act can be found in the Additional Info section) for specific terms of the limitations or coverage.   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 ]