State guaranty coverage

State annuity guaranty coverage, read from each state’s own statute

What each state’s life-and-health guaranty association actually protects for an annuity owner, and where the protection stops — every limit taken from the association’s own documents or the statute, with the access date attached.

If your insurance company fails, a state guaranty association — not the federal government — stands behind your annuity, up to a limit that state sets. Those limits are not uniform, and the summaries that flatten them into one national number are wrong often enough to matter: Pennsylvania is widely listed at $300,000 when its individual annuity limit is $250,000, and North Carolina is widely listed at $250,000 when its statute says $300,000.

Each page below reads that state’s own association documents and statute text, consolidates source details at the end for easier reading, and states plainly where a fact could not be established rather than filling the gap with a guess.

Covering all 51 US jurisdictions.

  • Alabama

    Alabama generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to statutory eligibility requirements and exclusions.

  • Alaska

    Alaska generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Arizona

    Arizona’s guaranty fund generally provides up to $250,000 in protection for the present value of covered annuity benefits when a member insurer becomes impaired or insolvent, subject to eligibility requirements and statutory exclusions.

  • Arkansas

    Arkansas generally provides up to $300,000 for the present value of covered annuity benefits, subject to eligibility rules and statutory exclusions.

  • California

    California generally protects 80% of covered annuity obligations, up to $250,000 in present value for one life. Eligibility, exclusions, and the $300,000 combined life-and-annuity aggregate can further limit the result.

  • Colorado

    Colorado generally provides protection of up to $250,000 for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Connecticut

    Connecticut generally provides up to $500,000 in protection for the present value of covered annuity benefits—one of the higher state guaranty limits.

  • Delaware

    Delaware generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • District of Columbia

    The District of Columbia generally provides up to $300,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Florida

    Florida draws a sharp line between deferred contracts and annuities already paying income: eligible deferred cash value can be protected to $250,000, while qualifying payout benefits can reach $300,000 in present value.

  • Georgia

    Georgia generally provides up to $300,000 in protection for the present value of covered annuity benefits, but eligible net cash surrender and withdrawal values are limited to $250,000.

  • Hawaii

    Hawaii generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Idaho

    Idaho provides up to $250,000 per qualifying annuity contract, while all covered benefits with respect to one life remain subject to a $300,000 aggregate.

  • Illinois

    Illinois generally provides up to $250,000 in protection for the present value of covered annuity benefits with respect to one life, subject to eligibility requirements, statutory exclusions, and a separate $300,000 general aggregate.

  • Indiana

    Indiana generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements, statutory exclusions, and a $300,000 overall aggregate.

  • Iowa

    Iowa generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Kansas

    Kansas generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to a $300,000 overall aggregate and statutory exclusions.

  • Kentucky

    Kentucky generally provides up to $250,000 in protection for the present value of covered annuity benefits. A separate $300,000 aggregate applies across certain health and annuity benefits.

  • Louisiana

    Louisiana generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to a $500,000 overall individual aggregate and statutory exclusions.

  • Maine

    Maine generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Maryland

    Maryland uses one $250,000 present-value ceiling whether an annuity is still accumulating or has begun paying income.

  • Massachusetts

    Massachusetts generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to ownership, residency, and other statutory requirements.

  • Michigan

    Michigan generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Minnesota

    Minnesota generally provides up to $250,000 in protection for the present value of covered annuity benefits. A higher $410,000 limit applies to structured-settlement annuities and certain annuities whose qualifying periodic payments had already begun before the insurer became impaired or insolvent.

  • Mississippi

    Under Mississippi law, eligible annuity benefits ordinarily receive no more than $250,000 in present-value protection for one life. The act’s qualifications and exclusions still apply.

  • Missouri

    Under Missouri’s current schedule, qualifying annuity benefits can receive as much as $250,000 in present-value protection. A separate $300,000 combined ceiling and the act’s exclusions also apply.

  • Montana

    For a qualifying Montana annuity, the life-and-health association can respond for as much as $250,000 of present-value benefits.

  • Nebraska

    For one life, Nebraska caps the present value of a covered annuity at $250,000. A distinct all-benefit ceiling and the Act’s eligibility rules still apply.

  • Nevada

    Nevada generally provides up to $250,000 in protection for the present value of covered annuity benefits, subject to a $300,000 aggregate across most covered benefit categories.

  • New Hampshire

    New Hampshire generally protects up to $250,000 in present-value annuity benefits with respect to one life at one member insurer.

  • New Jersey

    New Jersey generally protects deferred-annuity cash surrender value up to $250,000, while qualifying annuity benefits in the payout or on-benefit stage may receive up to $500,000 in present-value protection.

  • New Mexico

    New Mexico’s compiled 2025 Act states a $250,000 present-value ceiling for covered annuity benefits, including qualifying net cash available for surrender or withdrawal.

  • New York

    New York uses a statutory guaranty corporation and a $500,000 per-life aggregate across covered policies from one failed insurer.

  • North Carolina

    North Carolina’s ordinary $300,000 figure is both the annuity maximum and the shared ceiling for most benefits on one life, with separate $1 million and $5 million special categories.

  • North Dakota

    North Dakota generally protects up to $250,000 in the present value of covered annuity benefits for one life at one failed member insurer.

  • Ohio

    Ohio generally protects up to $250,000 in the present value of covered annuity benefits. The association may assist during rehabilitation, but its mandatory guaranty duties begin after a court liquidates an insolvent member insurer.

  • Oklahoma

    Oklahoma generally provides up to $300,000 in protection for the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Oregon

    Oregon generally protects up to $250,000 in the present value of qualifying annuity benefits for one covered life at a failed member insurer.

  • Pennsylvania

    Pennsylvania generally protects up to $250,000 in the present value of covered annuity benefits, subject to eligibility requirements and statutory exclusions.

  • Rhode Island

    Rhode Island generally protects up to $250,000 in the present value of qualifying annuity benefits for one covered life at one failed member insurer. Life, annuity, and related benefits generally share a $300,000 per-life aggregate.

  • South Carolina

    South Carolina generally protects up to $300,000 in the present value of covered annuity benefits for one life. The ordinary combined-benefit aggregate uses the same amount, while a separate health-benefit-plan exception can raise the aggregate to $500,000.

  • South Dakota

    For a covered South Dakota claimant, the ordinary annuity ceiling is $250,000 for the life involved. Most unallocated contracts are outside the act, but an arrangement backed by a direct guarantee to an individual may be classified differently.

  • Tennessee

    Tennessee currently provides up to $250,000 in present value for qualifying annuity benefits with respect to one life, subject to its $300,000 ordinary aggregate and statutory eligibility rules.

  • Texas

    Texas generally provides up to $250,000 in protection for the present value of covered annuity benefits with respect to one life, subject to eligibility requirements, a $300,000 overall aggregate, and statutory exclusions.

  • Utah

    Utah uses a covered-portion fraction rather than promising a flat $250,000 payment. The fraction’s numerator can reach $250,000, and a separate $500,000 aggregate applies to one life.

  • Vermont

    Vermont’s ordinary annuity calculation can recognize no more than $250,000 for a single life. A separate $300,000 total governs the usual combination of covered benefit categories.

  • Virginia

    Virginia generally recognizes no more than $250,000 of covered annuity value for one life. Its separate $350,000 ordinary aggregate can also encompass other qualifying benefit categories attached to that life.

  • Washington

    Washington generally recognizes up to $500,000 in qualifying annuity present value with respect to one life. Government-plan participants can face a much lower $100,000 special amount.

  • West Virginia

    West Virginia generally recognizes up to $250,000 in covered annuity present value with respect to one life. A separate $300,000 total applies across the ordinary benefit categories.

  • Wisconsin

    Wisconsin uses a multi-line Insurance Security Fund. For a covered annuity, the ordinary $300,000 ceiling applies to the current loss claim measured at liquidation, and the Fund may pay that value instead of preserving the original contract.

  • Wyoming

    Wyoming limits qualifying annuity benefits to $250,000 in present value for one life. A separate $500,000 combined-benefit ceiling can matter when the same member-insurer failure also involves another covered category.