New Jersey Life Insurance Company's territory consisted of 47 states, the District of Columbia, and Puerto Rico. Its offerings concentrated on premium whole life insurance products. In 1993, the company was issued an order of liquidation. The state life and health insurance guaranty associations helped arrange for American General Life Insurance Company to assume the company's policyholder liabilities the same year.
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.
|Type of Policy||Company||Effective Date|
American General Life Insurance Company
P.O. Box 818006
Cleveland, OH. 44181
|Sep 09, 1993|
|Additional Information: An AIG member company|
National Life Insurance Company
One National Life Drive
Montpelier, VT. 05604
|Feb 28, 1994|
|Additional Information: VT policyholders only|
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: 66907
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: New Jersey
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: September 05, 1991
Liquidation Date: August 12, 1993
Estate Closed: January 08, 1999