Assuris
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Adding Together Benefits


If you have more than one policy with the failed company, all similar benefits issued are added together under the following categories and benefit types in order to allocate Assuris protection to specific policies.
  • The categories are: Individual Non-registered, Individual Registered, Group Non-registered, Group Registered, Individual Tax Free Savings Account and Group Tax Free Savings Account.
  • The benefit types are: Death Benefit, Health Expense, Monthly Income, Cash Value and Accumulated Value.
  • Categories are added together and benefit types are added together for each covered person.

For a specific example click here

Assuris Protection by Categories and Benefit Types



All similar benefits in each "box" are added together before Assuris protection is applied.


Individual
Registered
Individual Non- Registered
Group
Registered
Group
Non- Registered
Individual Tax Free Savings Account
Group
Tax Free Savings
Account
Death
Benefit
$200,000
or 85%, whichever is higher
$200,000

or 85%, whichever is higher

$200,000
or 85%, whichever is higher
$200,000
or 85%, whichever is higher
Health
Expense
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
Monthly
Income
$2,000/mth or 85%, whichever is higher$2,000/mth
or 85%, whichever is higher
$2,000/mth or 85%, whichever is higher$2,000/mth
or 85%, whichever is higher
Cash
Values
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
$60,000
or 85%, whichever is higher
Accumulated Values100% up to $100,000100% up to $100,000100% up to $100,000100% up to $100,000100% up to $100,000100% up to $100,000