Monthly Income Protection
If a life insurance company fails, Assuris guarantees that the policyholder will retain up to $2,000 per month or 85% of the promised Monthly Income, whichever is higher
Individual monthly income benefits are issued under:
1. Payout annuities
2. RRIFs (Registered Retirement Income Funds)
3. Disability Income Insurance
4. Long Term Care Insurance
Group monthly income benefits are often part of Group Retirement Plans.