Group Payout Annuity
A Group Payout Annuity policy pays a Monthly Income benefit while the annuitant is alive.
If your life insurance company fails, your Group Payout Annuity policy will be transferred to a solvent company.
Examples click here
- On transfer, Assuris guarantees that you will retain your Group Payout Annuity benefits up to $2,000 per month or 85% of the Monthly Income benefit, whichever is higher.
Questions and Answers