New Jersey Life & Health Insurance Guaranty Association 11 Wharf Avenue, Suite One / Red Bank, NJ 07701 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 New Jersey guaranty association, for each type of policy, no matter how many of that type of policy you bought from your company, is, with respect to any one insured individual: Life Insurance Death Benefit: $500,000 Life Insurance Cash Surrender: $100,000 Annuity Benefits (Cash Surrender Value): $100,000 Annuity Benefits (Present Value): $500,000 Health Insurance Claims: No limit   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 ]