Coastal States Life Insurance Company, an insurer domiciled in Georgia, was placed in rehabilitation in 1992 and in liquidation in 1996. The state life and health insurance guaranty associations helped arrange for Security First Life Insurance Company (who became MetLife Investors USA Insurance Company) to assume all of Coastal States’ in-force policies as of September 30, 1996. The Liquidator finalized the liquidation and dissolution of Coastal States in December 2004.
Policies of an insolvent company are often transferred to a financially sound insurance company. If policies are not transferred to another company, the policies are continued and claims administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. Please contact the company/TPA listed below or the guaranty association in your state of residence for more information about your policy.
MetLife Investors USA Insurance Company (formerly known as Security First Life Insurance Company) transferred the former Coastal States life Insurance Company policies to the three companies listed below. Policyholders should contact these companies directly for further assistance or the guaranty association in their state of residence.
|Type of Policy||Company||Effective Date|
Unified Life and Fidelity Security Life
PO Box 25326
Overland Park, KS. 66225
|Sep 30, 1996|
Monumental Life Insurance Company
2 East Chase Street
Baltimore, MD. 21202
|Jan 01, 1998|
United Fidelity Life Insurance Company
PO Box 410288
Kansas City, MO. 64141-0288
|Jan 01, 1990|
Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The drop-down menu below will take you to your state association's Web site, which provides answers to frequently asked questions and contact information.
The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company.
If you are unsure whom to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party.
NAIC Number: 61980
An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.
Domiciliary State: Georgia
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: January 24, 1996
Liquidation Date: October 01, 1996
Estate Closed: September 17, 2004