# Ohio — State life and health insurance guaranty association benefit limits — how much is protected if your insurer fails

For Ohio, life insurance death benefit cap ($) is Three hundred thousand dollars; life insurance cash value cap ($) is one hundred thousand dollars; annuity present value cap ($) is Two hundred fifty thousand dollars; health insurance benefit cap ($) is Five hundred thousand dollars; other accident & sickness cover cap ($) is One hundred thousand dollars, verified against its source on 2026-08-19.

- **State:** Ohio _(our reading, not quoted from the source)_
- **Life insurance death benefit cap ($):** Three hundred thousand dollars _(verified: appears in the quote below)_
- **Life insurance cash value cap ($):** one hundred thousand dollars _(verified: appears in the quote below)_
- **Annuity present value cap ($):** Two hundred fifty thousand dollars _(verified: appears in the quote below)_
- **Health insurance benefit cap ($):** Five hundred thousand dollars _(verified: appears in the quote below)_
- **Other accident & sickness cover cap ($):** One hundred thousand dollars _(verified: appears in the quote below)_
- **Disability income / long-term care benefit cap ($):** Three hundred thousand dollars _(verified: appears in the quote below)_
- **Aggregate cap per life ($):** three hundred thousand dollars _(verified: appears in the quote below)_
- **Statute section:** 3956.04 _(verified: appears in the quote below)_

## What the source says

> (D) The benefits for which the association may become liable shall not exceed the lesser of either of the following: (1) The contractual obligations for which the member insurer is liable or would have been liable if it were not an impaired or insolvent insurer; (2)(a) With respect to any one life, regardless of the number of policies or contracts: (i) Three hundred thousand dollars for life insurance death benefits, but not more than one hundred thousand dollars in net cash surrender and net cash withdrawal values for life insurance; (ii) One hundred thousand dollars for health insurance benefits other than health benefit plan coverage, disability income insurance, or long-term care insurance, including any net cash surrender and net cash withdrawal values; (iii) Three hundred thousand dollars for disability income insurance; (iv) Three hundred thousand dollars for long-term care insurance; (v) Five hundred thousand dollars for health benefit plan coverage; (vi) Two hundred fifty thousand dollars for the present value of annuity benefits, including net cash surrender and net cash withdrawal values. (b) With respect to each individual participating in a governmental retirement plan established under section 401, 403(b), or 457 of the "Internal Revenue Code of 1986," 100 Stat. 2085, 26 U.S.C.A. 1, as amended, and covered by an unallocated annuity contract, or the beneficiaries of each such individual if deceased, in the aggregate, two hundred fifty thousand dollars in present value annuity benefits, including net cash surrender and net cash withdrawal values. The association is not liable to expend more than three hundred thousand dollars in the aggregate with respect to any one individual under divisions (D)(2)(a), (b), and (d) of this section combined, except with respect to benefits for health benefit plan coverage under division (D)(2)(a)(v) of this section, in which case the aggregate liability of the association shall not exceed five hundred thousand dollars with respect to any one individual. (c) With respect to any one contract holder, covered by any unallocated annuity contract not included in division (D)(2)(b) of this section, five million dollars in benefits, irrespective of the number of contracts held by that contract holder.

## Source

- https://codes.ohio.gov/ohio-revised-code/section-3956.04

Last verified: 2026-08-19. Review by: 2027-08-19.
Part of [State life and health insurance guaranty association benefit limits — how much is protected if your insurer fails](https://referencesource.org/insurance-guaranty-association-limits-by-state/).