Old Paid Up Ins-company Out of Business?

I've got a client who purchased a policy from me(yippee) who, when I delivered the policy showed me 2 old policies from companies that went out of business. Question is, is there a way to collect cash value on them? Does the state guarantee fund(they are small sizes) pay out?

I told her we prob don't have a chance but I'd take a look into it. What say you experts???

Source of insurance-forums.net