New Jersey Life & Health Insurance Guaranty Association
One Gateway Center, 9th Floor / Newark, NJ 07102
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Frequently Asked Questions   New Jersey Life & Health Insurance Guaranty Association
01.  What happens when my insurance company goes out of business?
02.  How is policy coverage determined?
03.  What is the New Jersey Life & Health Insurance Guaranty Association?
04.  Who is protected?
05.  Does it matter where I live?
06.  What contracts are covered?
07.  Are all policies fully protected?
08.  What is the difference between cash surrender value and present value with respect to annuity benefits?
09.  For example, if I own three annuities worth $100,000 each and my insurance company fails, how much is protected?
10.  What will happen to my insurance coverage if the guaranty association becomes liable for my policy?
11.  When might the guaranty association provide benefits?
12.  What is NOT protected by the guaranty association?
13.  How will I know if my life or health insurance company has failed or is unable to fulfill its obligations to its policyholders?
14.  How can I find out if my company is licensed in New Jersey?
15.  Why hasn't my agent or company told me more about the New Jersey Life & Health Insurance Guaranty Association?