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California Life & Health Insurance Guarantee Association
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PO Box 16860 / Beverly Hills, CA 90209-3319 |
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Frequently Asked Questions  |
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My spouse and I each have an annuity contract worth $75,000. Does the $100,000 limit apply to us jointly?
No. The limit applies to you and your spouse separately. You and your spouse would have combined total protection of up to $120,000. Each spouse receives up to $60,000 (80% of $75,000). Interest rate adjustments could further reduce the amount you are entitled to recover. |
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| 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. |
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