Assuris
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What if I have a joint accumulation annuity policy?

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The joint accumulation annuity is split evenly between each policyowner and added to the value of their individual benefits before Assuris' protection is applied.

Example
  • Individual Deferred Annuity - Policyowner A: $75,000
  • Individual Deferred Annuity - Policyowner B: $125,000
  • Joint Deferred Annuity between Policyowner A and Policyowner B: $50,000
ExampleAmount InsuredAssuris ProtectionProtected Amount
Policyowner A$75,000$100,000Since the amount is below $100,000, the Accumulated Value Benefit is fully protected.
Policyowner B$125,000$100,000Since the amount is higher than $100,000, the Accumulated Value Benefit is protected up to $100,000.
Joint Policy with Policyowner A and B$50,000The amount is split evenly between each annuitant and added to the value of any individual annuitant's benefits before Assuris' protection is applied.


$50,000 split evenly =
$25,000 attributed to Policyowner A
$25,000 attributed to Policyowner B
Policyowner A's policies would be added together ($75,000 + $25,000 = $100,000), and the Accumulated Value Benefit is fully protected.


Policyowner B policies would be added together ($125,000 + $25,000 = $150,000), and the Accumulated Value Benefit is protected up to $100,000.