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      Are all policies fully protected? There are limits to ALDIGA coverage set by the Alabama Legislature through the ALDIGA Act. A policy must meet coverage requirements, and there are limits to the amounts ALDIGA pays as a maximum. If your insurance company fails, the maximum amount of protection provided by ALDIGA for any one person is: Life Insurance Death Benefit: $300,000 per insured life Life Insurance Cash Surrender: $100,000 insured life Health Insurance Claims: $300,000 per insured life Annuity Cash Surrender: $100,000 per contract owner Annuity in Benefit: $300,000 per contract owner (All the above limits assume the policy or contract is covered) ALDIGA’s liability is never greater than the obligations for which the insolvent insurer would have been contractually liable but for its insolvency. ALDIGA is never liable for punitive or exemplary damages.   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 ]