Assuris

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Examples of Individual Segregated Fund Policy Protection


Step 1

Benefit

Original Amount of the Policy when the Company Fails

Original Policy Guarantee when the Company Fails (75%)

Value of Fund at the guarantee date

Guaranteed Amount
$400,000
$300,000
$250,000

Step 2

Original Policy Guarantee when the Company Fails (75%)

Assuris Protection

Assuris Protected Amount

Explanation

Assuris Protection

$300,000
Since the amount is higher than $60,000, the 85% protection is applied to the guaranteed amount. ($300, 000 x 85% = $255,000)
$255,000
    You will receive $250,000 from the value of the fund. Assuris will ensure that you receive the difference between the Assuris protection and the value of the fund.
    ($255,000 - $250,000 = $5,000)
$5,000
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.