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Individual Segregated Fund Policies


The Product


A Segregated Fund policy accumulates value, similar to mutual funds, by investing in securities such as stocks and bonds. Unlike mutual funds, an Individual Segregated Fund policy may offer a number of guarantees:
  • Guaranteed amount at death
  • Guaranteed amount at a specified maturity date
  • Guaranteed income benefit - optional

Assuris’ Protection


The actual value of the fund is not impacted if your life insurance company fails. The fund will be transferred to another company and the guarantees will continue.

If your life insurance company fails, Assuris guarantees that you will retain up to $60,000 or 85% of the promised guaranteed amounts, whichever is higher.

Steps to Calculating Assuris' Protection



Step 1
Segregated Amounts Invested
(with 75% guarantee)
Original policy guarantee at death or maturity when company fails
Guaranteed amount protected by Assuris
$100,000
$75,000
$75,000

Step 2
Guaranteed amount protected by Assuris
Explanation
Assuris Protected Amount
$75,000
Since the amount is higher than $60,000, the 85% protection is applied to the guaranteed amount.
($75,000 x 85% =$63,750)
$63,750
If at death or maturity the fund value exceeds the guaranteed amount, Assuris protection is not required.

Examples click here

Guaranteed Minimum Withdrawal Benefit (GMWB)


Segregated Fund policies may have a Guaranteed Minimum Withdrawal Benefit (GMWB) option which provides an income benefit. For more information on how this benefit is protected click here.