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My spouse and I each own an annuity contract worth $75,000 with the same insurance company. How does the $100,000 limit apply to us?

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My spouse and I each own an annuity contract worth $75,000 with the same insurance company. How does the $100,000 limit apply to us?

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If there is a different annuitant on each of these contracts, they are both eligible for coverage up to a maximum of $100,000. Other limitations, such as the interest earnings when compared to the stautory interest rate, may also apply.

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