What is the Nevada Life and Health Insurance Guaranty Association?

The Nevada Life and Health Insurance Guaranty Association (NLHIGA) is a state-mandated safety net that protects Nevada policyholders if a licensed insurance carrier becomes insolvent and cannot pay its obligations. All licensed life and health insurance carriers in Nevada must participate in the Guaranty Association as a condition of licensure.

Protection limits in Nevada generally include: $300,000 in life insurance death benefits, $100,000 in cash surrender or withdrawal values, $100,000 in health insurance benefits, and $100,000 in present value of annuity benefits—per covered person from any one insolvent insurer. These limits may be updated; check with the Nevada Division of Insurance for current amounts.

The Guaranty Association provides a safety net, but it is not a substitute for selecting financially strong carriers. A carrier that becomes insolvent may cause significant delays, benefit reductions, and administrative complications during the wind-down process—even with Guaranty Association coverage. This is one reason why agents in our network prioritize carriers rated A or better by A.M. Best for financial strength.

Guaranty Association coverage does not apply to policies issued by insurers not licensed in Nevada, fraternal benefit societies, or certain other non-standard coverage types. Confirm your carrier's Nevada licensure status with the Nevada Division of Insurance if you have questions.