Vermont Life & Health Insurance Guaranty Association One National Life Drive / Montpelier, VT 05604 Home About Us FAQs 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 Vermont 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: $500,000 per contract owner for basic hospital, medical, and surgical insurance or major medical insurance Long-Term Care and Disability Insurance: $300,000 per contract owner Health Insurance Not Covered by the Two Items Above: $100,000 per contract owner, including net cash surrender and net cash withdrawal values Annuity Benefits (Present Value): $250,000 per contract owner Unallocated Group Annuity Benefits: $5,000,000 per contract holder   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 ]