Mission
To provide New York State residents with protection from failure in the performance of certain contractual obligations due to the impairment or insolvency of life and heath insurance companies authorized to do business in New York State.
Public Charity
THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE
THE LIFE AND HEALTH INSURANCE COMPANY GUARANTY CORPORATION OF NE is a Public Charity headquartered in Freehold, NJ. Financial data from the 2025 filing: $4.3M revenue, $4.9M expenses, $30.9M total assets.
EIN: 133528849
Freehold, NJ
Latest filing: 2025
Total Revenue$4.3M
Total Expenses$4.9M
Total Assets$30.9M
Grant Records0
Filing Years2021–2025
Where $100 goes at The Life and Health Insurance Company Guaranty Corporation of Ne
How The Life and Health Insurance Company Guaranty Corporation of Ne divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$34
The Corporation assumed the ownership of all long-term care insurance contracts issued by American Independent Network Insurance Company of New York ("AINIC") upon its dissolution
$33
From 2012 through 2015, collected and provided over $500 million in benefit support payments on behalf of the policyholders of Executive Life Insurance Company of New York
$33
From 1995 to 1999, provided nearly $100 million of claims and liquidity support to Mutual Benefit Life Assurance Company
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Vice-Chairman and Director
James Donellan
Chairman, Ex Officio
Kaitlin Asrow
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.3M | $4.9M | $30.9M |
| 2024 | $28.1M | $2.6M | $31.5M |
| 2023 | $897K | $453K | $6.0M |
| 2022 | $272K | $251K | $5.6M |
| 2021 | $193K | $228K | $5.5M |
Between 2021 and 2025, reported annual revenue grew from $193K to $4.3M (+2141%), with total assets most recently reported at $30.9M.
Interactive year-over-year charts and full filing details available with membership.