MYGA by State: Guaranty Fund Limits for All 50 States and DC (2026)
Written & reviewed by Hans Goldstein, Independent Licensed Insurance Producer · CA license 4273294 · NPN 20602398Independently reviewed & last updated 2026-11-06
Quick answer: where you live decides how much of a MYGA the state guaranty association backs if the insurer fails. It is $250,000 in most states, $300,000 in 6 jurisdictions, $500,000 in Connecticut, New York and Washington, and 80% of value up to $250,000 in California.
Deferred annuity limit, present value, per person, per insolvent insurer. Source: NOLHGA state coverage levels (information as of June 1, 2025), checked against state association sites and statutes on October 3, 2026, as compiled on my 50-state annuity guaranty table. Links go to my state pages where I have one (43 so far).
| State | Annuity limit (deferred) |
|---|---|
| Alabama | $250,000 |
| Alaska | $250,000 |
| Arizona | $250,000 |
| Arkansas | $300,000 |
| California | 80% of value, max $250,000 |
| Colorado | $250,000 |
| Connecticut | $500,000 |
| Delaware | $250,000 |
| District of Columbia | $300,000 |
| Florida | $250,000 |
| Georgia | $250,000 |
| Hawaii | $250,000 |
| Idaho | $250,000 |
| Illinois | $250,000 |
| Indiana | $250,000 |
| Iowa | $250,000 |
| Kansas | $250,000 |
| Kentucky | $250,000 |
| Louisiana | $250,000 |
| Maine | $250,000 |
| Maryland | $250,000 |
| Massachusetts | $250,000 |
| Michigan | $250,000 |
| Minnesota | $250,000 |
| Mississippi | $250,000 |
| Missouri | $250,000 |
| Montana | $250,000 |
| Nebraska | $250,000 |
| Nevada | $250,000 |
| New Hampshire | $250,000 |
| New Jersey | $250,000 |
| New Mexico | $250,000 |
| New York | $500,000 |
| North Carolina | $300,000 |
| North Dakota | $250,000 |
| Ohio | $250,000 |
| Oklahoma | $300,000 |
| Oregon | $250,000 |
| Pennsylvania | $250,000 |
| Rhode Island | $250,000 |
| South Carolina | $300,000 |
| South Dakota | $250,000 |
| Tennessee | $250,000 |
| Texas | $250,000 |
| Utah | $250,000 |
| Vermont | $250,000 |
| Virginia | $250,000 |
| Washington | $500,000 |
| West Virginia | $250,000 |
| Wisconsin | $300,000 |
| Wyoming | $250,000 |
How to use this
- Use the limit for the state you live in, not the insurer's home state.
- Above the limit, split across unrelated insurers so each contract stays covered. The limit resets per insurer.
- Guaranty coverage is a backstop. Check the insurer's rating and the surrender schedule first.
- Rates and product availability differ by state; see current MYGA rates and ask which products are filed where you live.
Related: are annuities FDIC insured, best 5-year MYGA.
Is the annuity you're looking at actually the best one available?
Send your email and I'll send what it really guarantees, what the surrender schedule costs you, and the two or three carriers paying more for the same guarantee. If it's already a good fit, I'll tell you that.
Email only. Hans reads every one himself and replies within one business day. Hans Goldstein · NPN 20602398.
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This page is education, not a quote or a recommendation. Guaranty association coverage is a last-resort backstop, not a reason to choose an insurer, and many states restrict using it in sales. Limits change when legislatures amend their guaranty acts; confirm with your own state association before relying on any number. I am licensed in California; this is general information for residents of every state, not state-specific legal or tax advice.