Group Payout Annuity

The Product

A Group Payout Annuity policy pays a Monthly Income benefit while the annuitant is alive.

Assuris’ Protection

If your life insurance company fails, your Group Payout Annuity policy will be transferred to a solvent company.

• 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.

Examples click here

Questions and Answers

• What if I have group benefits with the same insurance company through different plan sponsors?
• What happens if I have a group benefit and an individual benefit with the same company?
• What happens if my Group Defined Benefit plan pays my benefits out of my pension fund?