Wisconsin Insurance Security Fund
- Company typePrivate
- Founded2001
- HeadquartersMadison, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Wisconsin Insurance Security Fund firmographics
Firmographics- Name
- Wisconsin Insurance Security Fund
- Legal name
- Wisconsin Insurance Security Fund
- Website
- https://wilifega.org
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Wisconsin Insurance Security Fund industry classification
Industry- Product category
- Insurance Guaranty Services
- NAICS
- Other Insurance Funds (52519), Insurance and Employee Benefit Funds (5251)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321)
- akta.pro primary industry
- Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)
- akta.pro secondary industries
- Voluntary/Worksite Critical Illness & Hospital Indemnity (Employee-Paid) (FSAIAKAF), Group Universal Life (GUL) (FSAIADAC)
Keywords
Where Wisconsin Insurance Security Fund is headquartered
LocationHeadquarters
- HQ city
- Madison
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Wisconsin Insurance Security Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Distribution channels1 record
Marketing channels1 record
Wisconsin Insurance Security Fund product offering
Product offeringCore offering
The Wisconsin Insurance Security Fund is a state-mandated, non-profit guaranty association that protects Wisconsin resident policyholders by continuing their life, annuity, accident, and health insurance coverage and paying claims when a member insurance company becomes insolvent. The Fund services ongoing portfolios from multiple past insolvencies (Lincoln Memorial, National States, Penn Treaty, Time Insurance, Colorado Bankers Life) and administers reinsurance coverage for town mutual insurers through the Wisconsin Reinsurance Corporation.
Product overview
The Wisconsin Insurance Security Fund (WISF) is a non-profit legal entity that provides guaranty association services to protect Wisconsin policyholders when their insurance company becomes insolvent. The organization operates several interconnected product and service lines: it services the continuation of policies from four major liquidations (Lincoln Memorial Life for life insurance, National States for LTC and limited medical, Penn Treaty for LTC, and Time Insurance for life and hospital indemnity), manages the transition of Colorado Bankers Life Insurance policies to Continental General Insurance Company, covers reinsurance for town mutual insurers through Wisconsin Reinsurance Corporation, and provides supporting services including premium payment processing (via check and ACH through Johnson Bank) and claims submission. The fund operates at its Madison, Wisconsin office and provides policyholder access through policyholder portals.
Differentiator
Problem solved
Functional benefit
Products and services
- Lincoln Memorial Life Insurance Policy Continuation Services
Quantifiable outcome
- Continental General Insurance Company (CGIC) assumed in-force policies and contracts having Security Fund coverage effective January 1, 2026
- +1 more outcomes
Companies that use Wisconsin Insurance Security Fund
Customer profileSegments1 record
Ideal customer profiles1 record
Wisconsin Insurance Security Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wisconsin Insurance Security Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Continental General Insurance Company (CGIC)coreOn December 15, 2025, the Wisconsin Insurance Security Fund entered into an agreement with Continental General Insurance Company and other state guaranty associations to place responsibility for Colorado Bankers Life Insurance Company (CBL) life policies and annuity contracts with CGIC effective January 1, 2026. CGIC assumed the Fund's policy coverage obligations for covered policies.
- Wisconsin Reinsurance Corporation (WRC)coreThe Wisconsin Insurance Security Fund covers reinsurance issued to assessable town mutual insurers by Wisconsin Reinsurance Corporation (WRC). Claims for WRC-covered reinsurance continue to be submitted to the WRC for adjustment.
- Johnson BankminorJohnson Bank processes ACH withdrawals for policyholders who pay premiums through automatic bank draft. Withdrawals are made on the banking day closest to the due date from the Wisconsin Insurance Security Fund or WISF through Johnson Bank.
- National Organization of Life & Health Insurance Guaranty Associations (NOLHGA)coreNOLHGA is a trade organization for state life and health insurance guaranty associations. The Wisconsin Insurance Security Fund coordinates with NOLHGA for multi-state insolvencies and maintains links to NOLHGA resources on its website.
- Epiq (Special Master Administration)minorEpiq serves as the court-appointed Special Master administrator for Greg Lindberg's criminal lawsuit distribution. The Special Master distributed restitution checks to approximately 43,000 policyholders with uncovered claims totaling approximately $157,000,000.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Wisconsin Insurance Security Fund competitors and assessment
Company assessmentDirect peers
- California Life & Health Insurance Guarantee Association: California's state life and health guaranty association, the largest by insured population. Same statutory mandate and operational model as WISF, with far greater scale and similar multi-state coordination role.
- National Organization of Life & Health Insurance Guaranty Associations: NOLHGA is the umbrella trade association for state life and health insurance guaranty associations, including WISF. It coordinates multi-state insolvencies and provides shared resources, making it functionally the closest peer to WISF's operational model.
- Life and Health Insurance Company Guaranty Corporation of New York: New York's separate life and health guaranty corporation, distinguished by New York's pre-emptive statutory regime. Operates the same core function as WISF and is the peer association covering the largest single U.S. insurance market.
- Minnesota Life and Health Insurance Guaranty Association: Minnesota's state guaranty association serving a neighboring Midwest market with substantially the same statutory mandate under Minnesota law. Operates with similar scope (life, annuity, A&H) and serves as a natural operational peer.
- Illinois Life and Health Insurance Guaranty Association: Illinois state guaranty association, one of the largest by premium volume. Operates the same statutory model as WISF and was a co-party to the CBL-to-CGIC transition agreement, demonstrating direct operational coordination.
- Texas Life and Health Insurance Guaranty Association: Texas's state life and health guaranty association. Same mandate and operational model as WISF, with significantly larger volume given Texas's population. Participates in NOLHGA multi-state insolvency responses.
- Indiana Life and Health Insurance Guaranty Association: Indiana state guaranty association with the same statutory structure for life, annuity, and A&H coverage continuation. Directly comparable mandate and operational model to WISF.
- Michigan Life and Health Insurance Guaranty Association: Michigan's state guaranty association protecting Michigan policyholders against insurer insolvency. Comparable in scope, statutory foundation, and function to WISF, with joint NOLHGA coordination on multi-state matters.
- Iowa Life and Health Insurance Guaranty Association: Iowa's state guaranty association serving a smaller Midwest market with the same statutory mandate. Comparable in scale and operations to WISF, and a co-party in NOLHGA multi-state insolvencies.
Broad incumbents
- National Conference of Insurance Guaranty Funds: NCIGF is the national trade association for property/casualty insurance guaranty funds. While focused on P&C rather than life/health, it represents the broader guaranty association ecosystem and is linked from WISF's website as an industry resource.
Market position
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Wisconsin Insurance Security Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wisconsin Insurance Security Fund leadership team
Management profileNumber of profiles
Wisconsin Insurance Security Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wisconsin Insurance Security Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wisconsin Insurance Security Fund
What does Wisconsin Insurance Security Fund do?
The Wisconsin Insurance Security Fund is a state-mandated, non-profit guaranty association that protects Wisconsin resident policyholders by continuing their life, annuity, accident, and health insurance coverage and paying claims when a member insurance company becomes insolvent. The Fund services ongoing portfolios from multiple past insolvencies (Lincoln Memorial, National States, Penn Treaty, Time Insurance, Colorado Bankers Life) and administers reinsurance coverage for town mutual insurers through the Wisconsin Reinsurance Corporation.
Is Wisconsin Insurance Security Fund a public or private company?
Wisconsin Insurance Security Fund is a private company. It is classified as state government owned and is currently operating.
When was Wisconsin Insurance Security Fund founded?
Wisconsin Insurance Security Fund was founded in 2001. It employs 1 to 10 people.
Where is Wisconsin Insurance Security Fund based?
Wisconsin Insurance Security Fund is headquartered in Madison, United States, in the North America region.
Who are Wisconsin Insurance Security Fund's main competitors?
Direct peers on record are California Life & Health Insurance Guarantee Association, National Organization of Life & Health Insurance Guaranty Associations, Life and Health Insurance Company Guaranty Corporation of New York, Minnesota Life and Health Insurance Guaranty Association, Illinois Life and Health Insurance Guaranty Association, Texas Life and Health Insurance Guaranty Association, Indiana Life and Health Insurance Guaranty Association, Michigan Life and Health Insurance Guaranty Association and Iowa Life and Health Insurance Guaranty Association. National Conference of Insurance Guaranty Funds is listed as a broad incumbent.
Does Wisconsin Insurance Security Fund have an API?
No public API is recorded for Wisconsin Insurance Security Fund.
What industry is Wisconsin Insurance Security Fund in?
Wisconsin Insurance Security Fund's product category is Insurance Guaranty Services. Its primary akta.pro industry code is FSAIAEAD, Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident), with a secondary code of FSAIAKAF, Voluntary/Worksite Critical Illness & Hospital Indemnity (Employee-Paid). Its NAICS code is 52519 and its SIC code is 6311.