Convert To Ppt Legal North Carolina Guaranty Forms For Free

Annuities are risk transfer vehicles with tax advantages, suitable to help you meet retirement and other long-term savings objectives. They're designed to provide spending money in retirement, and as such, they are not intended to provide the substantial returns one would expect from stocks or other securities.

If your insurance company fails, the maximum amount of protection provided by the North Carolina guaranty association for each individual is $300,000 no matter how many policies you bought from your company.

?Free look? is the period of time following policy delivery in which the applicant can return the policy for a full refund of premium. This period is a minimum 10-day ?free look? period on new policies and a minimum 20 day ?free look? period on replacement policies.

$100,000 in net cash surrender or withdrawal values for life insurance. $250,000 in present value of annuity benefits, including cash surrender and withdrawal values (payees of structured settlement annuities are also entitled to $250,000 of coverage) $300,000 in long-term care insurance benefits.

The Guaranty's origin is purely statutory; therefore, its liabilities and duties are controlled by the Act. The Act provides, among other things, the Guaranty's obligation to pay is limited to $300,000 per claim.

The maximum amount of protection provided by the Association to an individual, for all life insurance, annuities and structured settlement annuities is $300,000, regardless of the number of policies or contracts covering the individual.