State Life Insurance Guaranty Associations

An emotional moment can already difficult situation. For your protection, Life and the Association of Health Insurance Guaranty (or NOLHGA) an association of health and / or life insurance company during their time of need in the unfortunate event that they are unable to pay their coverages have been launched.
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Founded in NOLGHA been established. To follow all laws and guidelines has its own life insurance in all states, the District of Columbia and Puerto Rico state has its own association.
The following Warranties Association, state regulations and NOLGHA the Frequently Asked Questions (FAQ) Here are some of them:
My life and / or health insurance company does business is what?


If my insurance company have to pay the premium?

The political life of the State Insurance Association is only valid if taken, so you will need to ensure that all policies are current.
I contact with questions about personnel policy do?


My insurance policies are completely safe?

There are several factors that are involved with this issue.
First, policies and life insurance are covered by NOLGHA. National Conference of Insurance Guarantee Funds of goods and / or accident insurance claims is responsible.
$ 100,000 FDIC protects bank deposits as the other, NOLGHA as limits, and then at the state level is decided. In most states offer at least:
$ 300,000 in death benefits of life insurance (life insurance)
The cash surrender values ​​of life insurance or retirement of $ 100,000 (the life insured)
values ​​and cash withdrawal for annuities $ 100,000 (life insurance)
$ 100,000 in benefits of health insurance policy (life insurance)
The value of the policy limit is more than worthy of their status, can not afford to lose money. Against your property, a creditor of the failed insurance company can claim. The assets of the insurance company after the failed political balance can be paid at the discretion of the courts.


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