Iowa Life & Health Insurance Guaranty Association 700 Walnut Street, Suite 1600 / Des Moines, IA 50309-3899 Home About Us FAQs Additional Info Links Terms of Use Contact Us Frequently Asked Questions    01.  What happens when my insurance company goes out of business? 02.  How is policy coverage determined? 03.  What is the Iowa Life & Health Insurance Guaranty Association? 04.  Who is protected? 05.  Does it matter where I live? 06.  What contracts are covered? 07.  Are all policies fully protected? 08.  For example, if I own three annuities which each have a present value of annuity benefits, including net cash surrender and net cash withdrawal value, of $100,000 and my insurance company fails, how much is protected? 09.  Is long-term care insurance covered by the Iowa Life & Health Insurance Guaranty Asociation? 10.  What will happen to my insurance coverage if the Iowa Life & Health Insurance Guaranty Association becomes liable for my policy? 11.  When might the Iowa Life & Health Insurance Guaranty Association provide benefits? 12.  What is NOT protected by the Guaranty Association? 13.  How will I know if my life or health insurance company has failed or is unable to fulfill its obligations to its policyholders? 14.  How can I find out if my company is licensed in Iowa? 15.  Why hasn't my agent or company told me more about the Iowa Life & Health Insurance Guaranty Association? 16.  Is there a comparable organization that covers property and casualty insurance contracts?