Examples of Group Accumulation Annuity Protection
Example 1
Benefit Type | 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 Type | 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, as of the date when the company fails, and increase thereafter in accordance with the policy terms to the greater of either:
- The Assuris protection or;
- The amount recovered by the liquidator.