North Dakota Life & Health Insurance Guaranty Association PO Box 2422 / Fargo, ND 58108-2422 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 North Dakota 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: $100,000 per insured life Long-Term-Care Insurance Claims: $100,000 per insured life Annuity Benefits (Present Value): $100,000 per contract owner Unallocated Group Annuity Benefits: $5,000,000 per contract owner (not per individual)   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 ]