Examples of Accumulation Annuity Insurance Protection
Example 1
Benefit | Original Policy
when Company Fails | Explanation | Assuris Protection
when Company Fails |
|
| $80,000 |
Since the amount is below $100,000, the Accumulated Value Benefit is fully protected.
| $80,000 |
Example 2
Benefit | Original Policy
when Company Fails | Explanation | Assuris Protection
when Company Fails |
|
| $150,000 |
Since the amount is higher than $100,000, the Accumulated Value Benefit is protected up to $100,000.
| $100,000 |
If the liquidator, appointed to manage the company failure, achieves a greater return on the policy than the Assuris protection, your benefits will be adjusted to the greater of either:
- The Assuris protection or;
- The amount recovered by the liquidator.