The Life Insurance Company Guaranty Corporation of New York (“the Association”) is a non-profit legal entity that provides limited protection for the life, health, annuity, and unallocated annuity policies owned by New York residents if their insurance company becomes insolvent and is ordered liquidated by a court. To provide this protection, the Association either continues the insurance policy coverage while paying the claims and other policy benefits or funding the transfer of the policies to another insurance company subject to certain limits (see Frequently Asked Questions). The protection provided by the Association is based on New York law and on the language of the insolvent company’s policies at the time of the insolvency. The Association uses an assessment mechanism to provide benefits and collects money from New York-licensed life insurance companies.
If you have questions about our coverage or about a lost or old policy, please refer to the Frequently Asked Questions link https://www.nylifega.org/FAQ" or
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