Alabama Life & Disability Insurance Guaranty Association 6 Office Park Circle, Suite 200 / Birmingham, AL 35223 Home About Us FAQs Receiverships Additional Info Links Terms of Use Contact Us Frequently Asked Questions      Who is protected? Life and health insurance guaranty associations cover individual policyholders and their beneficiaries; typically, persons protected by certificates of insurance issued under policies of group life, group health insurance, disability insurance, annuity contracts and contracts supplemental to life and disability insurance policies, are also covered. Annuities that are directly issued to and owned by individuals, or annuities that directly guarantee benefits to individuals by the insurer are generally covered. What are known as "unallocated" annuities are not covered. Coverage is limited to policy holders and beneficiaries who are live human beings. Limits on benefits and coverage are established by the ALDIGA Act. For more information about coverage, see the questions below.   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 ]