Assuris

Examples of Payout Annuity Protection


Example 1

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Monthly Income
$1,500 per month
    Since the amount is below $2,000 per month, the Monthly Income Benefit is fully protected.
$1,500 per month

Example 2

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Monthly Income
$3,000 per month
    Since the amount is higher than $2,000 per month, the 85% protection is applied to the Monthly Income Benefit. ($3,000 x 85% = $2,550)
$2,550 per month
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.