W V Life & Health Guarantee

Who We Are

The West Virginia Life & Health Insurance Guaranty Association is a statutory entity created in 1977 when the West Virginia legislature enacted the West Virginia Guaranty Association Act. We are a statutory entity composed of all insurers licensed to sell life insurance, accident and health insurance, and individual annuities in the state of West Virginia.

Our Mission

Our mission is to provide protection to West Virginia residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company. We aim to continue coverage and pay claims to our policyholders up to the limits specified in the West Virginia Guaranty Association Act.

Our Services

We offer a range of services designed to protect the interests of our policyholders. When a member insurer is found to be insolvent and is ordered to be liquidated by a court, we take over the responsibility of servicing the insurance company's policies and providing coverage to West Virginia's resident policyholders. This includes:

• Continuation of coverage: We ensure that coverage is continued for our policyholders as long as premiums are paid or cash value exists.
• Transfer of policies: We transfer policies to another insurance company to ensure continuity of coverage.
• Payment of claims: We pay claims to our policyholders and beneficiaries in accordance with the terms of their policies.
• Liquidation: We work to liquidate the assets and liabilities of the insolvent insurer to ensure that our policyholders are protected.

Protected Policies

We cover a range of policies, including:

• Direct individual life and health insurance policies
• Direct group life and health insurance policies
• Individual annuity contracts
• Group life and health insurance policies issued under certificates of insurance

Eligibility

We provide protection to individual policyholders and their beneficiaries, as well as persons protected by certificates of insurance issued under policies of group life or group health insurance. Our coverage is limited to the state of West Virginia, unless the policy was issued by a company that is a member insurer of the state guaranty association where the policyholder resides.

Frequently Asked Questions

We understand that you may have questions about our services and how they apply to your specific situation. Please refer to our Frequently Asked Questions section for more information. If you have any further questions, please do not hesitate to contact us.