The Old Faithful Life Insurance Company was domiciled in Wyoming and was licensed to operate in 10 western states: Colorado, Idaho, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Washington, and Wyoming. The company had a general portfolio of life insurance, single and flexible premium individual annuities, and a small group of group life and individual health insurance. It was ordered into liquidation in late 1992. By March 1993, the state life and health insurance guaranty associations helped arrange for an assuming carrier to take over the policyholder obligations.
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|
LifeSecure Insurance Company
10370 Citation Drive, Suite 100
Brighton, MI. 48116
|Mar 01, 1993|
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: 67229
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: Wyoming
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: February 19, 1992
Liquidation Date: November 16, 1992
Estate Closed: November 04, 1996