Assuris

Examples of Tax Free Savings Account (TFSA) Protection


Example 1

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Accumulated Value
    (in TFSA)
$2,500
    Since the amount is below $100,000, the Accumulated Value is fully protected.
$2,500

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.