Overview

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Est.

1978

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Pennsylvania Life & Health Insurance Guaranty Association (EIN: 23-2135158) is dedicated to protecting policyholders, insureds, beneficiaries, annuitants, payees, and assignees of life and health insurance policies, as well as annuity contracts, from the risks associated with insurer insolvency. Operating with a budget of $1.3 million and total revenue of $250.6 million in the 2024 filing year, the organization focuses on ensuring the fulfillment of contractual obligations in the health care administration and financing sector. More information can be found on their website at PALIFEGA.ORG.

Mission Statement

THE PURPOSE OF THE ORGANIZATION IS TO PROTECT POLICYHOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE INSURANCE POLICIES, HEALTH INSURANCE POLICIES, ANNUITY CONTRACTS AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OR INSOLVENCY OF THE INSURER ISSUING SUCH POLICIES.
Revenues
$250.6M
Expenses
$56M
Net Income:
+$194.7M
Assets
$245M
Liabilities
$0
Net Assets:
+$245M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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N
Nancy Margolis
Board Member
C
Colonial Penn Life Insurance Co
Board Member
E
Erie Family Life Insurance Co
Board Member

Frequently Asked Questions

What is PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION’s budget?
In 2024, PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION support?
PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION supports work in Health care administration and financing.
Where does PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION operate?
PENNSYLVANIA LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION is headquartered in Radnor, PA.