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.