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What happens if I have more than one policy?

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If you have more than one policy with the failed company, all similar benefits issued are added together under the following categories and benefit types in order to allocate Assuris protection to specific policies.
  • The categories are: Individual non-registered, Individual Registered, Group non-registered, Group Registered, Individual Tax Free Savings Account and Group Tax Free Savings Account.
  • The benefit types are: Death Benefit, Health Expense, Monthly Income, Cash Value and Accumulated Value.
  • Categories are added together and benefit types are added together for each Covered Person.

For a detailed table on adding categories and benefit types together click here.

For further information please contact your financial advisor or Assuris.