Annuity glossary
State Guaranty Association
A state-level safety net, funded by assessments on licensed insurers, that protects annuity and life insurance policyholders if an insurance company fails. All fifty states maintain one, and coverage limits differ from state to state and by product type. It is the industry's backstop, but carrier strength remains the first line of defense. Check current agency or regulator records because ratings, scores, and coverage details can change.
Any guarantee is backed by the claims-paying ability of the issuing insurer.
Keep learning
Put this term in context.
Continue with the guide that most directly explains where this term appears and what to review in a contract.
Educational film
See the retirement tradeoffs in context.
The Descent is a short educational film about income, taxes, and uncertainty after work. Watch it to build context before considering any insurance product.
Watch The Descent