Nevada Life & Health Insurance Guaranty Association One East First Street / Suite 605 / Reno, NV 89501 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 Nevada 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 for coverages other than disability, basic hospital, medical & surgical or major medical insurance (this includes long-term care) - $300,000 disability insurance - $500,000 basic hospital, medical and surgical insurance or Major Medical Insurance Annuity Benefits (Present Value): $100,000 per contract owner Allocated Group Annuity Benefits: $100,000 per contract owner   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 ]