Assuris

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Examples of Whole Life Insurance Protection


Example 1

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Death Benefit
$150,000
    Since the amount is below $200,000, the Death Benefit is fully protected.
$150,000
    Cash Value
$50,000
    Since the amount is below $60,000, the Cash Value is fully protected.
$50,000

Example 2

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Death Benefit
$500,000
    Since the amount is higher than $200,000, the 85% protection is applied to the Death Benefit.
    ($500,000 x 85% = $425,000)
$425,000
    Cash Value
$20,000
    Since the amount is below $60,000, the Cash Value is fully protected.
$20,000

Example 3

Benefit

Original Policy
when Company Fails

Explanation

Assuris Protection
when Company Fails

    Death Benefit
$500,000
    Since the amount is higher than $200,000, the 85% protection is applied to the Death Benefit.
    ($500,000 x 85% = $425,000)
$425,000
    Cash Value
$100,000
    Since the amount is higher than $60,000, the 85% protection is applied to the Cash Value.
$85,000

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.