Individual Payout Annuity
A Life Annuity policy pays a Monthly Income benefit while the annuitant is alive. A Term Certain Annuity pays a Monthly Income benefit for a fixed number of years.
If your life insurance company fails, your Payout Annuity policy will be transferred to a solvent company.
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- On transfer, Assuris guarantees that you will retain up to $2,000 per month or 85% of the promised Monthly Income benefit, whichever is higher.
Associated and Other Benefits
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