Adam Sherman, president and CEO of Firstrust Financial Resources, a wealth management firm in Philadelphia, said policyholders should continue to pay their premiums. “Have confidence in the life insurance industry. They have always paid their claims,” Sherman said.

For more information on your state caps for life, health and annuity benefits, visit the National Organization of Life & Health Insurance Guaranty Associations at www.nolhga.com/policyholderinfo/main.cfm/location.

For information about the guaranty fund in your state for car, homeowners and workers’ comp claims, visit the National Conference of Insurance Guaranty Funds at www.ncigf.org.