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Steinlaw, Lawyer
Category: Consumer Protection Law
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Experience:  Consumer law attorney, author of California Debt Blog, top foreclosure attorney
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Regarding State Guaranty Funds for Annuities, whereby there

Resolved Question:

Regarding State Guaranty Funds for Annuities, whereby there is a maximum per state (for example, Florida where I live is $100,000), is that $100,000 for each insurer that might go bust, or a total of $100,000 if I have 3 insurers and they all go bust? Thank you. Richard Reiter
Submitted: 7 years ago.
Category: Consumer Protection Law
Expert:  Steinlaw replied 7 years ago.
This is a great question. The State Guaranty is per policy per insurer. So, if you have 3 policies with 3 different insurers, you get $300,000. If you have 3 policies with 1 insurer, you get $100,000.
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